Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting of the Board of Cepsa.This follows the appointment by Mubadala, as sole shareholder, of Saeed Al Mazrouei…
Afghan Ministry of Transportation will soon launch a commercial shipping line with the assistance of the Islamic Republic of Iran to conduct business activities between Chabahar Free Trade Zone and India.IRNA reported quoted the Afghan Ministry…
The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant…
Palau International Ship Registry, the world’s fastest growing flag, added yet more vessels into its fleet with the signing of two new ship registrations during Seatrade Middle East 2018 (STMM) held last month in Dubai.Jamal S Khalil, General Manager…
Port operator APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse. The listing…
Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.Iraq exported 3.560 million bpd of crude oil in September.Iraqi oil…
Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company 'needs a more hands-on chairman.'DP World statement said Branson was stepping down due to the increased commitment of time the position requires…
Abu Dhabi Ports subsidiary Maqta Gateway said that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics…
Libya's eastern oil export port of Hariga on Friday was working normally a day after a protest there, port workers said.Late on Thursday, tribesmen staged a demonstration at the port’s gate in protest against the appointment of a government minister…
State oil giant Saudi Aramco said on Wednesday that the Yanbu South Terminal has added 3 million barrels per day of crude oil to the company's west coast export capacity after a rehabilitation and upgrade programme.'The terminal, located south of Yanbu along the west coast of Saudi Arabia…
Dubai port operator DP World has repriced and extended the maturity of a $2 billion 'green' loan comprising conventional and Islamic revolving credit facilities, Standard Chartered said.A total of 19 banks provided the facility, which was extended by two years and was now due in 2023…
As the Emirates Maritime Center (EMAC) is establishing roots within the maritime industry as a pivotal service provider for specialized arbitration and mediation within the Middle East region, the institute continues its obligation to ensure…
Qatar-based maritime and logistics conglomerate Milaha said it has completed a best practice Five Star Occupational Health and Safety Audit conducted by the British Safety Council, making it one of the very few companies in Qatar to hold the five-star grading…
A Saudi-led military coalition fighting against Yemen's Houthi movement foiled an attack by two explosives-laden remote controlled boats deployed by the Houthis against Saudi Arabia's Jizan port, Saudi state news agency SPA reported on Sunday…
A unit of the National Iranian Oil Co. (NIOC) signed a deal with a local firm on Sunday to build a crude oil storage facility near Iran's southeastern port of Jask with an initial investment of 200 million euros ($232 million), the oil ministry news website SHANA reported…
