Middle East News

 

Houthis Attack al-Dhabba Oil Terminal in Yemen

Nov 21, 2022

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, which is located in the town of al-Shihr, two workers at the terminal told Reuters.Panamanian-flagged vessel Pratika had entered the terminal to load a shipment of crude but left after the attack…

Fujairah Bunker Sales Slide 2% in October

Nov 18, 2022

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…

Suez Canal Inks $500 Million Deal for Container Terminal

Nov 16, 2022

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…

Audex Inks 30-year Lease with AD Ports in UAE

Nov 16, 2022

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 Houthis Increase Pressure with Oil Port Attacks

Nov 10, 2022

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…

DP World to Invest Around $500 Million to Reduce CO2 Emissions

Nov 07, 2022

Dubai-owned ports giant DP World intends to invest around $500 million to reduce carbon dioxide emissions in its operations by 700,000 tonnes over the next five years, state news agency WAM reported on Monday, citing the company's chairman and CEO Sultan Ahmed Bin Sulayem…

DP World Taps Young Minds for New Global Trade Solutions

Nov 03, 2022

DP World recently opened its doors to students from the top universities in UAE and India to  reimagine global supply chains and create new technology-driven solutions in its first-ever innovation challenge, THE BIG TECH PROJECT.DP World challenged…

Svitzer Promotes Two Senior Leaders

Oct 27, 2022

Svitzer, the towage arm of Danish shipping giant A.P. Moller-Maersk, announced two senior leadership appointments: Kasper Karlsen as Global Chief Operating Officer and Deniz Kirdar True as Managing Director in the AMEA region.Karlsen has held different leadership positions in the A…

Abu Dhabi's AD Ports Raises $1B Before Market Debut

Feb 07, 2022

Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones…

Abu Dhabi's Mugharraq Port Recognized as International Port Facility

Dec 06, 2021

Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region…

DP World Pulls Out of of Haifa Port Privatization Bid

Dec 03, 2021

Dubai's DP World has pulled out of a joint bid with an Israeli company to privatize Israel's Haifa port, Israel's privatization body said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and lower costs…

ADNOC Logistics & Services Acquires Six Stan Tugs from Damen

Aug 24, 2021

ADNOC Logistics & Services has acquired six line boats to provide critical marine services across petroleum ports in Abu Dhabi. The company, the shipping and maritime logistics branch of the Abu Dhabi National Oil Company (ADNOC), said all the…

FBI: Amount of Chemicals in Beirut Blast Was a Fraction of Original Shipment

Jul 30, 2021

The amount of ammonium nitrate that blew up at Beirut port last year was one-fifth of the shipment unloaded there in 2013, the FBI concluded after the blast, adding to suspicions that much of the cargo had gone missing.As the first anniversary approaches on Aug…

Saudi PIF, China's COSCO Buy Stake in Red Sea Gateway Terminal

Jul 15, 2021

The Public Investment Fund, Saudi Arabia's sovereign wealth fund, and COSCO SHIPPING Ports Ltd have completed a deal to buy a combined 21.2% stake in Red Sea Gateway Terminal Ltd from Saudi Industrial Services Co (SISCO).SISCO will receive gross proceeds of 556…

Eco Wave Power Set to Install Wave Energy Tech in Port of Jaffa as Sea Wall Works Near Completion

May 05, 2021

Swedish wave energy development company Eco Wave Power said Wednesday it was nearly done with the wall reinforcement works, meant to enable the installation of floaters on the sea wall of the Port of Jaffa, Israel.The works so far have included…

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METIS Names Polychronopoulou CEO

METIS Names Polychronopoulou CEO

Freeport Pushes Texas LNG Export Plant Restart to Year End

Freeport Pushes Texas LNG Export Plant Restart to Year End

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