Maritime security and industry groups raised the risk level for ships calling at Israeli ports on Friday, with terminals facing possible missile strikes from Lebanese group Hezbollah in the Mediterranean and Yemen's Houthis in the Red Sea.Earlier this week, the Israeli government's port authority issued a letter stating that terminals ranging from the southern port of Eilat on the Red Sea to the major Mediterranean ports in Haifa in northern Israel were operating at normal capacity…
Suez Canal Chairman Gamal El-Dein says Canal Economic Zone set for rapid expansion.Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract investors…
Israel's ports in the northern city of Haifa were operating at normal capacity despite an escalation in fighting with Hezbollah in nearby Lebanon and the city being targeted by rocket fire, Israeli authorities said on Tuesday.Haifa is Israel's…
Libyan oil exports remained largely halted on Thursday, shipping data showed, but some tankers were being allowed to load crude from storage, with output still curtailed amid a political standoff over the central bank and oil revenue.Oil tanker…
Adani Ports and Special Economic Zone said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.Astro Offshore, in which Adani Ports will buy an 80% stake…
Dubai-owned DP World reported a 59% drop in first-half profit on Thursday as the ports and logistics company grappled with shipping disruptions in the Red Sea as tensions flare in the Middle East due to the ongoing Israel-Hamas war in Gaza.Missile…
DP World and Evyap Group have successfully finalized a merger that combines the capabilities of two key ports along the Marmara Sea. This merger, completed after securing approval from the Turkish Competition Authority, establishes a new international logistics hub…
Saudi Global Ports (SGP) reports it has procured 80 electric prime movers (e-PMs) from SANY Marine Heavy Industry Co. Ltd. (SANY) for use at the container terminals of King Abdulaziz Port Dammam (KAPD). SANY will also supply the charging stations…
Saudi Global Ports (SGP) received three quay cranes (QC) with automation capabilities and three hybrid automated rubber tire gantry cranes (RTG) at King Abdulaziz Port Dammam (KAPD). The addition of these equipment will expand SGP’s capacity from 2…
The Port of Salalah reports is $300 million expansion plan remains on track with the arrival of the final four of ten supersized ship-to-shore cranes this week. By the end of the year, the port—Oman's largest—will have increased its annual container handling capacity from 5 million to 6 million TEU…
Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli officials and government documents.Prime…
Cavotec announced it has signed a new two-year agreement with Port of Salalah in Oman to perform service of its 32 installed MoorMaster vacuum mooring units.Cavotec has already supported the port in its transition by equipping its berths with its MoorMaster automated mooring technology…
India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.India has been developing the port…
CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank…
Saudi Arabia’s Ras Al-Khair Special Economic Zone (SEZ) said it is seeking local and foreign investors to help boost the Kingdom’s maritime infrastructure.With an initial area of 20 square kilometers, Ras Al-Khair SEZ, operated by the Royal Commission for Jubail and Yanbu…
