Middle East News - page 6


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…

Richard Branson Resigns as Chairman of Virgin Hyperloop

Oct 23, 2018

Sir Richard Branson has stepped down from his role as chairman of Virgin Hyperloop One, saying the company 'needs a more hands-on chairman.'DP World statement said Branson was stepping down due to the increased commitment of time the position requires…

Abu Dhabi Ports, MSC Join with Silsal for Blockchain Solution

Oct 21, 2018

Abu Dhabi Ports subsidiary Maqta Gateway said that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics…

Hariga Oil Port Operating Normally Following Protest

Oct 19, 2018

Libya's eastern oil export port of Hariga on Friday was working normally a day after a protest there, port workers said.Late on Thursday, tribesmen staged a demonstration at the port’s gate in protest against the appointment of a government minister…

Yanbu Oil Terminal Boosts Export Capacity

Oct 17, 2018

State oil giant Saudi Aramco said on Wednesday that the Yanbu South Terminal has added 3 million barrels per day of crude oil to the company's west coast export capacity after a rehabilitation and upgrade programme.'The terminal, located south of Yanbu along the west coast of Saudi Arabia…

DP World Amends Terms of $2 Bln 'Green' Loan

Oct 16, 2018

Dubai port operator DP World has repriced and extended the maturity of a $2 billion 'green' loan comprising conventional and Islamic revolving credit facilities, Standard Chartered said.A total of 19 banks provided the facility, which was extended by two years and was now due in 2023…

EMAC Attends the IBA Annual Conference in Rome

Oct 10, 2018

As the Emirates Maritime Center (EMAC) is establishing roots within the maritime industry as a pivotal service provider for specialized arbitration and mediation within the Middle East region, the institute continues its obligation to ensure…

Milaha Achieves Five-Star Safety Grading

Oct 08, 2018

Qatar-based maritime and logistics conglomerate Milaha said it has completed a best practice Five Star Occupational Health and Safety Audit conducted by the British Safety Council, making it one of the very few companies in Qatar to hold the five-star grading…

Saudi-led Coalition Foils Remote Controlled Boat Attack

Oct 01, 2018

A Saudi-led military coalition fighting against Yemen's Houthi movement foiled an attack by two explosives-laden remote controlled boats deployed by the Houthis against Saudi Arabia's Jizan port, Saudi state news agency SPA reported on Sunday…

Iran to Build Crude Oil Storage Facility at Gulf of Oman Port

Oct 01, 2018

A unit of the National Iranian Oil Co. (NIOC) signed a deal with a local firm on Sunday to build a crude oil storage facility near Iran's southeastern port of Jask with an initial investment of 200 million euros ($232 million), the oil ministry news website SHANA reported…

Khalifa Port Receives ARMG Cranes

Sep 30, 2018

Abu Dhabi Ports announced on Sunday the delivery of the first shipments of Automated Rail Mounted Gantry Crane (ARMG) and ship-to-shore quay cranes (STS) to Khalifa Port.Shipped from Shanghai, the ten state-of-the-art ARMG Cranes and four STS…

Oil Could Rise to $100 by 2019

Sep 24, 2018

Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore…

Dan-Bunkering DMCC Welcomes Three New Bunker Traders

Sep 18, 2018

Dan-Bunkering said it has hired three new Bunker Traders in its Dubai office.Benedek Nagy was born and raised in Hungary, however, at the age of 18 he moved to Denmark to study International Shipping and Trade as well as gain experience within the shipping industry…

Logistics News

Rosario Ports Operating Normally Despite Strike

Rosario Ports Operating Normally Despite Strike

Japan’s Dry Bulk Imports Fall 4%, says BIMCO

Japan’s Dry Bulk Imports Fall 4%, says BIMCO

Headwinds Hamper the Poseidon Principles

Headwinds Hamper the Poseidon Principles

BV Debuts Cyber Health Check Report Tool

BV Debuts Cyber Health Check Report Tool

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