Middle East News - page 10

 

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…

Remains of Three Crew Found on Maersk Honam

Mar 12, 2018

Maersk said the remains of three of four missing crew members have been found aboard the Maersk Honam after a fire broke out in one of the vessel’s cargo holds last week.The search for the fourth crew member continues on board, though the search at sea has been suspended…

DP World: Work on Berbera Project Underway

Mar 05, 2018

The final agreement to develop a greenfield economic free zone in Somaliland to complement the growth of the Port of Berbera has been signed between DP World and its government in Dubai. The global trade enabler expects to break ground on the 12 square kilometre free zone project this year…

Nakilat, Maran Ventures JV adds two vessels

Mar 03, 2018

Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions…

UAE Marine Environment Protection Association launched in Dubai

Mar 03, 2018

The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signed the Inaugural Declaration to the formation of UAEMEPA, the United Arab Emirates Marine Environment Protection Association…

DP World Sells Stake in Somaliland Port to Ethiopia

Mar 01, 2018

Dubai's state-owned DP World said on Thursday it had sold a 19 percent stake in Somaliland's Port of Berbera to the government of Ethiopia. The port operator said it would retain a 51 percent stake in the port and that Somaliland would retain 30 percent…

DP World, Panama to Strengthen Ties

Mar 01, 2018

Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan…

DP World Moves Ahead with Suez Canal Industrial Zone

Feb 27, 2018

Dubai-based ports operator DP World has inked an agreement with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to launch the first phase of an integrated industrial and residential zone in Sokhna. The framework agreement…

Sanmar Delivers New Tug to Abu Dhabi Ports

Feb 26, 2018

Turkish shipbuilder Sanmar Shipyards said it has delivered Al JIMI 1 (Yenicay VII), the latest addition to Abu Dhabi Ports’ growing tug fleet, which already includes two sister vessels, Al SHAHEED (Yenicay IV) and AlHILI 1 (Yenicay VI), which were delivered by Sanmar in 2017…

Hyundai Merchant Marine, AAL Shipping Join for MPV Service

Feb 06, 2018

South Korea's Hyundai Merchant Marine (HMM) announced it is beginning its cooperation with Singapore based carrier, AAL Shipping, for Multi-Purpose Vessel (MPV) service.Specialist multipurpose carriers and long-standing collaborators, AAL and Hyundai Merchant Marine (HMM)…

Milaha Acquires its Largest Containership

Jan 22, 2018

Qatar-based maritime and logistics conglomerate Milaha said it has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel.Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall of 246.87 meters and a deadweight of 44…

Attack on Saudi Oil Tanker Thwarted

Jan 10, 2018

The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday…

Iran Oil Production, Exports Not Impacted by Protests

Jan 02, 2018

Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week…

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