ASRY has appointed Magdy Mustafa as Acting Chief Executive, after the current Chief Executive announced his resignation to move back to Norway for family reasons. Magdy Mustafa, the current Procurement and Contracts General Manager will take…
Will there be a layoffs after United Arab Shipping Co (UASC) merging with the German container shipper Hapag-Lloyd? Middle Eastern enterprise UASC expects most of the tie-up’s $400 million cost savings to come from operations rather than layoffs…
Family and friends joined Chief of Navy, Vice Admiral Tim Barrett on the wharf at Garden Island, Sydney to welcome HMAS Darwin home from a successful Middle East deployment.During her Operation MANITOU rotation, Darwin and her Ship’s Company seized a large cache of illicit weapons and narcotics…
National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs).The fund will be seeded with $500 million on three occasions…
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, revealed its continuing efforts in organizing anchorage of maritime crafts across Dubai waters…
As part of its continuing global growth strategy, subsea IMR provider N-Sea has announced the opening of a new office in Dubai, with operations due to commence as early as August 2016. The new base will support N-Sea’s increased presence in the region…
It was another lacklustre month for the shipping industry as freight rates in almost all sectors softened further. Drewry’s Earnings Index declined by 0.5% during the month to 52.4. The new locks of the Panama Canal finally became operational in June…
In a continued effort to provide increased reliability and quality services in a challenging environment, CMA CGM will reorganize its services connecting India Middle East Gulf to East Africa strategic markets. Starting mid July 2016, NOURA…
Maritime and logistics service provider Inchcape Shipping Services (ISS) has been appointed agent for Neptune Lines’ new Arabian Gulf short sea car transportation service in Kuwait, Iraq and Qatar. As agents for Neptune Lines in these three countries…
India's biggest shipping company Shipping Corporation of India (SCI) will resume sailing to Iran this month after a hiatus of about four years, reports Reuters. The company says it will accordingly use one of its Suezmax-sized tankers to…
Dubai Maritime City Authority (DMCA) showcased Dubai's global maritime leadership in the presence of a high-level delegation from City of Glasgow College who commended the manner in which the outstanding experiences of the UAE maritime sector…
Suez Canal traffic data revealed that 210 ships transited the canal, with a total load of 12.8m tonnes, from 19 to 23 June. An average of 42 ships transited the canal per day during that period, with an average load of 2.56m tonnes per day…
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Kazakhstan, Nursultan Nazarbayev, at the St Petersburg International Economic Forum (SPIEF) this week to enhance the co-operation between DP World and Kazakhstan…
THE Incheon Port Authority said a regular container service connecting the port directly to the Middle East has been launched for the first time, backed by the Islamic Republic of Iran Shipping Lines (IRISL).According to MANA,The Iranian state-run IRISL will deploy its 5…
Japanese classification society ClassNK announced it has resumed operations in Iran with the reopening of its Tehran office and agreements with the Iranian Classification Society (ICS) and Ports and Maritime Organization (PMO), Ministry of Roads & Urban Development of Iran…
