For the third time in recent weeks, international naval forces operating in the waters of the Arabian Sea seized a shipment of illicit arms March 28, which the United States assessed originated in Iran and was likely bound for Houthi insurgents in Yemen…
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance the construction cost of five very large crude carriers.The facility lasts for a period of 10 years and six months…
After an extremely successful debut in 2015, the MARACAD Conference and Expo returns to Dubai once again in 2016. Under the patronage of His Excellency Dr. Abdullah Bin Mohammed Belhaif Al Nuaimi, Minister of Public Works Chairman of the Federal Transport Authority – Land and Maritime…
Maersk line's Annual Award Night recognizes the best performing logistics solutions providers and top customers of Maersk Line for the year 2015 For the fourth time in a row, Al Sharqi Shipping was awarded the Maersk Platinum Award, recognizing…
FESCO Transportation Group, in cooperation with the Maritime port of Olya, is launching the Trans-Caspian intermodal service FESCO Russia Iran Service (FRIS), to carry out freightage between Russia and Iran.The service includes shipping over the Caspian…
The Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) called at the port of Antwerp with one of its ships this week, for the first time since economic sanctions were lifted. The honour of being the “first” Iranian ship…
RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran. This dual classification is the result of a partnership signed…
Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington's sanctions, according to officials involved in the initiative. International…
Elcome International, the leading marine solutions provider and system integrator in the Middle East and one of the largest marine technology companies in the world, will showcase a full array of the latest technologies at the Dubai International Boat Show next week…
The European Union fears Mediterranean migrant smuggling gangs are reviving a route from Egypt, officials told Reuters, putting thousands of people to sea in recents months as they face problems in Libya and Turkey.'It's an increasing issue…
The new 8.5 km long and 18.5 meter-deep channel allows 24-hour access of ULCS through to the Suez Canal Container Terminal; The terminal is also expanding in response to Egypt’s growing population and economy, and role as a global transportation hub…
The new deeper Suez Canal will be a beneficiary of the ‘One Belt One Road’ initiative taken by China’s leader Xi Jinping, especially when it comes to the opening up of the Iranian market following the lifting of international sanctions and the moving into importance of the Indian refinery markets…
In recent days, tankers chartered by several European companies such as Total, Litasco, and Cepsa were monitored loading crude at Kharg Island, a major Iranian loading port, according to Genscape. The vessels are bound for European destinations…
Tugboat builder and operator Sanmar Denizcilik is celebrating its 40th Anniversary this year. More than 150 tugboats benefiting from its wealth of experience are presently in operation on international seas, the company says. It was in the year 1976 that Orhan Gürün…
The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has committed its full support for the Dubai Maritime Club, a not-for-profit initiative…
