Iran's Amirabad port is attracting huge investments - 239 companies already committed investments, 13 of which are being under construction with 6700 billion Rials ($160mln ) worth of investment.“A new transit corridor will be formed on the axis of Amirabad - Dogharoon - Chabahar”…
Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers said, following suspected attacks on two oil tankers in the Gulf of Oman on Thursday.DHT has a large fleet of Very Large Crude Carriers (VLCCs) and Heidmar has a wide range of oil tankers…
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock…
Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) reported a 10% rise in its net profit for the twelve months ended December 31, 2018.The Middle East maritime and logistics company delivered a net profit of QAR 516 million (USD 141…
The newly structured Nhava Sheva – Mundra-Gulf (NMG) service commenced operations at APM Terminals Mumbai on February 21, 2019. First vessel call for this service was made by Sima Marine’s M.V. OEL Transworld.The NMG is a weekly service connecting various ports in middle east…
Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s State News Agency (SPA) reported that Saudi Arabia moved one step closer…
Iran's Director of Ports and Maritime Affairs of Abada, Reza Safari, announced a 47% increase in exports from Abadan, Arvandkenar and Chouebdeh Ports.During the last 10 months of this year, exports of goods and commodities from Abadan ports has increased by 47%…
Iran's Director of Ports and Maritime office of Lengeh port announced an increase of 78 percent in non-oil transit, a 19 percent increase in safe passenger transport and an increase of 86 percent in container loading and unloading at ports in west of Hormozgan…
Saudi Arabian shipping company Bahri said that its CEO Abdullah Aldubaikhi has been appointed to the board of directors of ITOPF, the world’s largest ship owner organization providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment…
UAE-based privately-owned port operator Gulftainer has appointed Fred Castonguay its new group chief operating officer to strengthen its growing ports and logistics portfolio globally.Castonguay previously served as the vice president of Operations…
Kuwait's port authority has resumed port operations at Shuwaikh, Doha and Shuaiba ports after temporarily halting them earlier for bad weather, the state news agency reported on Thursday.(Reporting by Nayera Abdallah; Editing by Mark Potter)
Jordan's Aqaba Container Terminal (ACT), operated by APM Terminals, is making strong progress in its transformation into a transport and logistics hub for the Levant region.The port operating company in Jordan said that this is being driven by improvements in infrastructure…
Shell Oman Marketing Company SAOG signed an agreement with Port of Duqm Company SAOC (PDC) to develop fuel bunkering facilities and services.The downstream oil marketing company in the Sultanate said in a press release that agreement was signed by Dr…
The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaee, Director General of Ports and Maritime Affairs of Sistan and Baluchestan Province…
Abu Dhabi Ports on Monday inaugurated the new Cosco Shipping Container Terminal at Khalifa with a capacity of 2.5 million TEUs (twenty-foot equivalent units).The new CSP Abu Dhabi Terminal, which includes the largest container freight station in the Middle East…
