AD Ports Group announced it has signed a memorandum of understanding (MoU) with the world’s largest producer of iron ore and nickel, and one of the largest logistics operators in Brazil, Vale S. A. (Vale), to develop a 'mega hub' in Abu Dhabi for industrial complexes that produce low-carbon products for the steelmaking industry for both the local and seaborne markets, with a significant reduction of CO2 emissions…
AD Ports Group said it has sign a memorandum of understanding (MOU) with the Karachi Port Trust (KPT) paving way for enhanced bilateral cooperation and increased efforts in the development, expansion and digitalization of port projects within Pakistan…
Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorised exports.The March 23 arbitration ruling by the International…
Storage demand and transit volumes are poised to grow further at the United Arab Emirates' Fujairah port this year as Russian trade flows continue to flood the hub, industry executives said on Tuesday.Russian oil barrels have been flowing into…
A containership carrying general commercial goods docked at Yemen's main port of Hodeidah for the first time since at least 2016 on Saturday as parties in Yemen's eight-year war are in talks to reinstate an expired U.N.-brokered truce deal.The conflict…
UAE-based contractor MAR Marine & Building Contractor has taken delivery of a new cutter suction dredger (CSD) that it will utilize at the Al Hamriyah Port expansion project.Built by Damen Shipyards Group, the CSD500 has been named MAR 22. “We…
The judge probing the 2020 Beirut blast has charged Lebanon's top public prosecutor, the then-premier and other senior current and former officials in connection with the devastating explosion, judicial sources said and court summons show.Judge…
The first and only cruise terminal in Aqaba was inaugurated with the arrival of the cruise vessel MSC Splendida carrying more than 2,000 visitors to Jordan.The new terminal marks the launch of the first of five strategic mega-projects planned…
Saudi Arabia’s ports ended December in the gains territory with a string of strong results across various indicators, chief among them the 13.63% year-on-year spike in container throughput from 841,055 TEUs to 955,731 TEUs.Saudi Ports Authority…
The Saudi Ports Authority (Mawani) on Tuesday announced the laying of the foundation stone for upgrading and developing two container terminals at King Abdulaziz Port in Dammam under the Build-Operate-Transfer (BOT) concession signed with Saudi Global Ports (SGP) valued at over 7 billion riyals ($1…
Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognized government said.The Iran-aligned Houthis fired a projectile from a drone that landed at the entrance of the terminal…
Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627…
Egypt's Suez Canal Economic Zone (SCZONE) on Tuesday announced it signed a $500 million contract with the Suez Canal Container Company (SCCT) to establish a second container handling terminal in East Port Said.The project will expand the existing SCCT’s Container Terminal at Port Said East Port…
AD Ports Group on Wednesday announced it has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, an integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries…
Yemen's Houthi group is piling on pressure to extract economic gains in U.N.-led talks for an extended truce deal with attacks on oil ports in government-held areas, which officials say have disrupted crude exports, choking state revenues.Yemen's…
