Middle East News - page 9


Could US Sanctions Hit Iranian Crude Exports?

May 08, 2018

Oil prices are at more than three-year highs, driven by an expectation that renewed U.S. sanctions on Tehran over the country's nuclear program will disrupt Iranian crude flows.But without the Europe Union, or Iran's other big crude customers…

DP World, Egypt & Suez Canal Authority To Develop Infrastructure

May 07, 2018

MOU has been signed to collaborate on development of new inland container terminal, promoting Egypt's sustainable economic growth. The three partners will bid for a government contract for the project, later this year. The proposed inland…

Milaha Rolls Out New Container Feeder Service

May 02, 2018

Qatar-based maritime transport and logistics conglomerate Milaha has launched a direct container feeder service between Qatar and Iraq.The new service, which will be an expansion of the existing Qatar-Kuwait service that the company launched last year…

DP World Sets Its Sights on Hyperloop Cargo Shipping

Apr 30, 2018

Dubai-based port operator DP World has partnered with Sir Richard Branson’s Virgin Hyperloop One to create a new venture that aims to provide hyperloop-enabled cargo systems.DP World and the U.S.-based Virgin Hyperloop One introduced their vision…

GAC expands into Port Elizabeth

Apr 24, 2018

GAC South Africa has opened its fifth branch, to provide a portfolio of shipping services for oil & gas projects and LPG shipments at Port Elizabeth as well as its neighbouring port Ngqura (Coega). GAC has served customers with vessels calling…

King Abdullah Port 8th Fastest Growing Port in the World

Apr 12, 2018

King Abdullah Port landed the eighth spot among the world’s fastest growing ports for 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development…

Goltens Bolsters Middle East and India Teams

Apr 03, 2018

Several senior staff members have stepped up in the latest round of promotions at Goltens Worldwide. Goltens appointed Pravin Kirolikar to the position of Managing Director of Goltens Dubai. Kirolikar makes the move from Goltens India, where he served as Managing Director for eight years…

DP World to Develop Kazakhstan's Special Economic Zones

Mar 25, 2018

Dubai Ports (DP) World, the global port operator of the United Arab Emirates (UAE),   and the government of Kazakhstan signed two framework agreements in Abu Dhabi today relating to the acquisition, governance and management of Special Economic Zones (SEZ) in Aktau and Khorgos…

DP World, Tata Group Mull Cooperation Opportunities

Mar 21, 2018

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior  executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations…

ADNOC Signs Major Offshore Concession Agreements with Total

Mar 18, 2018

The Abu Dhabi National Oil Company (ADNOC) has signed agreements with Total of France, awarding them stakes in two of Abu Dhabi’s new offshore concessions.  Under the terms of the agreements, Total has been awarded a 20% interest in the…

MPC Container Ships Acquires 5 Feeder Vessels from Simatech

Mar 16, 2018

Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash.  MPC…

Dubai Weakness Promotes AG Exports

Mar 16, 2018

In McQuilling Services’ March Short-Term Outlook, we expressed our expectation of higher crude demand out of the Arabian Gulf in the near term due to recent weakness in Dubai crude pricing.  In our report, we note the expansion of the Brent-Dubai crude differential…

Two New Patrol Boats for Pakistan Customs

Mar 16, 2018

Pakistan Customs has taken delivery of two Damen Stan Patrol 1605 FRP patrol boats. The handover ceremony took place on March 10 at Karachi Shipyard & Engineering Works Ltd (KS&EW). The celebrationwas attended by distinguished guests including Dr Miftah Ismail…

DP World's Earnings Grow 15.1%

Mar 16, 2018

Global trade enabler DP World today announces strong financial results for the twelve months ending 31 December 2017. The company delivered earnings in excess of $1 billion and above 50% EBITDA margin for the full year.Revenue grew 13.2% and adjusted EBITDA increased 9…

Methanol Plant at Libyan Port Shut after Accidental Blast

Mar 13, 2018

A methanol plant in the Libyan oil port of Brega has stopped operations after an accidental explosion caused by a gas leak, an official said on Tuesday. The plant will remain shut until safe operations can be guaranteed, but it was not clear how long this would take…

Logistics News

Maersk Teams Up with Shanghai Port on Green Methanol Shipping Fuel

Maersk Teams Up with Shanghai Port on Green Methanol Shipping Fuel

Techcross Smart Platform Leverages Data for Customer Services

Techcross Smart Platform Leverages Data for Customer Services

SSY Hires Wang to Drive LNG Business in China

SSY Hires Wang to Drive LNG Business in China

First LNG Bunker Ship Launched in China for Fratelli Cosulich Group

First LNG Bunker Ship Launched in China for Fratelli Cosulich Group

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