Middle East News - page 5


Abadan Ports Records 47% Growth in Exports

Jan 27, 2019

Iran's Director of Ports and Maritime Affairs of Abada, Reza Safari,  announced a 47% increase in exports from Abadan, Arvandkenar and Chouebdeh Ports.During the last 10 months of this year, exports of goods and commodities from Abadan ports has increased by 47%…

Iranian Ports Records 78% Growth in Non-oil Transit

Jan 23, 2019

Iran's Director of Ports and Maritime office of Lengeh port announced an increase of 78 percent in non-oil transit, a 19 percent increase in safe passenger transport and an increase of 86 percent in container loading and unloading at ports in west of Hormozgan…

Bahri CEO Appointed to Board of ITOPF

Jan 14, 2019

Saudi Arabian shipping company Bahri said that its CEO Abdullah Aldubaikhi has been appointed to the board of directors of ITOPF, the world’s largest ship owner organization providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment…

Gulftainer Names Fred Castonguay New Group CEO

Jan 07, 2019

UAE-based privately-owned port operator Gulftainer has appointed Fred Castonguay its new group chief operating officer to strengthen its growing ports and logistics portfolio globally.Castonguay previously served as the vice president of Operations…

Kuwait Resumes Operations at Three Ports

Jan 03, 2019

Kuwait's port authority has resumed port operations at Shuwaikh, Doha and Shuaiba ports after temporarily halting them earlier for bad weather, the state news agency reported on Thursday.(Reporting by Nayera Abdallah; Editing by Mark Potter)

Aqaba Container Terminal Positions as a Logistics Hub in Jordan

Dec 19, 2018

Jordan's Aqaba Container Terminal (ACT), operated by APM Terminals,  is making strong progress in its transformation into a transport and logistics hub for the Levant region.The port operating company in Jordan said that this is being driven by improvements in infrastructure…

Port of Duqm, Shell Oman to Develop Fuel Bunkering Facilities

Dec 17, 2018

Shell Oman Marketing Company SAOG signed an agreement with Port of Duqm Company SAOC (PDC) to develop fuel bunkering facilities and services.The downstream oil marketing company in the Sultanate said in a press release that agreement was signed by Dr…

Chabahar Port Builds LPG Storage Tanks

Dec 13, 2018

The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaee, Director General of Ports and Maritime Affairs of Sistan and Baluchestan Province…

Cosco , Abu Dhabi Ports Open New Terminal at Khalifa Port

Dec 11, 2018

Abu Dhabi Ports on Monday inaugurated the new Cosco Shipping Container Terminal at Khalifa with a capacity of 2.5 million TEUs (twenty-foot equivalent units).The new CSP Abu Dhabi Terminal, which includes the largest container freight station in the Middle East…

Cepsa Appoints Musabbeh Al Kaabi as Chairman

Nov 21, 2018

Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting of the Board of Cepsa.This follows the appointment by Mubadala, as sole shareholder, of Saeed Al Mazrouei…

Afghan Launches India-Iran Shipping

Nov 12, 2018

Afghan Ministry of Transportation will soon launch a commercial shipping line with the assistance of the Islamic Republic of Iran to conduct business activities between Chabahar Free Trade Zone and India.IRNA reported quoted the Afghan Ministry…

Finance Conference Speakers Take Optimistic View of Shipping Market Trends

Nov 08, 2018

The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant…

Palau Marks its Presence in Dubai

Nov 07, 2018

Palau International Ship Registry, the world’s fastest growing flag, added yet more vessels into its fleet with the signing of two new ship registrations during Seatrade Middle East 2018 (STMM) held last month in Dubai.Jamal S Khalil, General Manager…

APM Terminals Bahrain IPO Aims to Raise USD 30 mln

Nov 01, 2018

Port operator APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport and logistics company in the Kingdom to list on the Bahrain Bourse. The listing…

Oil Exports from Iraqi Southern Ports Slide

Nov 01, 2018

Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.Iraq exported 3.560 million bpd of crude oil in September.Iraqi oil…

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Finance: Investors Become Super-Bullish on Oil

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