Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627…
Egypt's Suez Canal Economic Zone (SCZONE) on Tuesday announced it signed a $500 million contract with the Suez Canal Container Company (SCCT) to establish a second container handling terminal in East Port Said.The project will expand the existing SCCT’s Container Terminal at Port Said East Port…
AD Ports Group on Wednesday announced it has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, an integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries…
Yemen's Houthi group is piling on pressure to extract economic gains in U.N.-led talks for an extended truce deal with attacks on oil ports in government-held areas, which officials say have disrupted crude exports, choking state revenues.Yemen's…
Dubai-owned ports giant DP World intends to invest around $500 million to reduce carbon dioxide emissions in its operations by 700,000 tonnes over the next five years, state news agency WAM reported on Monday, citing the company's chairman and CEO Sultan Ahmed Bin Sulayem…
DP World recently opened its doors to students from the top universities in UAE and India to reimagine global supply chains and create new technology-driven solutions in its first-ever innovation challenge, THE BIG TECH PROJECT.DP World challenged…
Svitzer, the towage arm of Danish shipping giant A.P. Moller-Maersk, announced two senior leadership appointments: Kasper Karlsen as Global Chief Operating Officer and Deniz Kirdar True as Managing Director in the AMEA region.Karlsen has held different leadership positions in the A…
Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones…
Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region…
Dubai's DP World has pulled out of a joint bid with an Israeli company to privatize Israel's Haifa port, Israel's privatization body said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and lower costs…
ADNOC Logistics & Services has acquired six line boats to provide critical marine services across petroleum ports in Abu Dhabi. The company, the shipping and maritime logistics branch of the Abu Dhabi National Oil Company (ADNOC), said all the…
The amount of ammonium nitrate that blew up at Beirut port last year was one-fifth of the shipment unloaded there in 2013, the FBI concluded after the blast, adding to suspicions that much of the cargo had gone missing.As the first anniversary approaches on Aug…
The Public Investment Fund, Saudi Arabia's sovereign wealth fund, and COSCO SHIPPING Ports Ltd have completed a deal to buy a combined 21.2% stake in Red Sea Gateway Terminal Ltd from Saudi Industrial Services Co (SISCO).SISCO will receive gross proceeds of 556…
Swedish wave energy development company Eco Wave Power said Wednesday it was nearly done with the wall reinforcement works, meant to enable the installation of floaters on the sea wall of the Port of Jaffa, Israel.The works so far have included…
The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as U…
