Middle East News - page 4

 

UAE Joins ICS

Sep 24, 2019

UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah…

Aramco Rapidly Restores Production Capacity

Sep 18, 2019

Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity…

DP World Joins Chinese Firm for First Traders Market

Sep 01, 2019

The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone.The project will span around 800,000 sq m, with phase 1, estimated at $150 million…

UK highlights Gulf shipping threats

Aug 30, 2019

The UK Foreign Secretary Dominic Raab is to call for more international support to protect shipping in the Strait of Hormuz when he meets his French and German counterparts later today (Friday, August 31) for talks about Iran. Last month, Iran…

UAE Presence Grows in the Maritime World

Aug 13, 2019

Over recent years the United Arab Emirates has emerged as an important maritime hub with grand ambitions. Mark Venables visited the region to discover what is driving that growth.When the UAE was elected to the IMO Council as a Category B member…

Chabahar Port Eyes 20% Increase in Cargo

Aug 02, 2019

Iran's Chabahar port expects 20% increase in cargo handling operations in the current year.The Director General of the ports and maritime of Sistan and Baluchistan, Behrouz Aghaei,  announced the economic, marine, technical, and maintenance priorities of the ports of the province in 2019-2020…

Chabahar Port Signs 11 Investment Contracts

Jul 24, 2019

Chabahar Port, the seaport located in southeastern Iran, on the Gulf of Oman, has signed 11 investment contracts.Considering this, it is expected that by the end of this year significant investments will be made in this port,  said the Director…

DP World's Dubai Box Volumes Slip

Jul 23, 2019

DP World's Dubai shipping container volumes fell by 6.3% in the second quarter, the port operator reported on Tuesday, the fifth consecutive quarterly drop.DP World blamed the drop on the loss of lower margin cargo and challenging market conditions…

ICS Concern Over Strait of Hormuz Crisis

Jul 21, 2019

The International Chamber of Shipping (ICS) is receiving reports that a British registered vessel - Stena Impero - has been diverted from its original course in the Strait of Hormuz while sailing in international waters.Guy Platten, Secretary…

Iran's Amirabad Port Gets Investments

Jul 19, 2019

Iran's Amirabad port is attracting huge investments - 239 companies already committed investments, 13 of which are being under construction with 6700 billion Rials ($160mln ) worth of investment.“A new transit corridor will be formed on the axis of Amirabad - Dogharoon - Chabahar”…

DHT and Heidmar Halt New Bookings to Mid-East Gulf

Jun 13, 2019

Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers said, following suspected attacks on two oil tankers in the Gulf of Oman on Thursday.DHT has a large fleet of Very Large Crude Carriers (VLCCs) and Heidmar has a wide range of oil tankers…

Two Tankers Attacked in Gulf of Oman

Jun 13, 2019

Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock…

Milaha Net Profit Up 10%

Feb 27, 2019

Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) reported  a 10% rise in its net profit  for the twelve months ended December 31, 2018.The Middle East maritime and logistics company delivered a net profit of QAR 516 million (USD 141…

​APM Terminals Mumbai Welcomes New Service

Feb 26, 2019

The newly structured Nhava Sheva – Mundra-Gulf (NMG) service commenced operations at APM Terminals Mumbai on February 21, 2019. First vessel call for this service was made by Sima Marine’s M.V. OEL Transworld.The NMG is a weekly service connecting various ports in middle east…

King Abdullah Port Inaugurated

Feb 14, 2019

Saudi Crown Prince, Deputy Premier and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud inaugurated the King Abdullah Port in Rabigh.The Saudi Arabia’s State News Agency (SPA) reported that Saudi Arabia moved one step closer…

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