Middle East
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ZIM restructures to focus on profitable areas
ZIM Integrated Shipping Services, which has changed shape like plasticine in recent years, has announced another restructuring. The Israeli containerline…
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United Arab Chemical Carriers adds two
Brokers report that United Arab Chemical Carriers has opened its wallet, adding two modern chemical tankers. Brokers say the Dubai-headquartered…
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OCB Oilfield Services: Offshore skills gap looms
Dubai: The offshore sector faces a looming skills gap, warns a top name in recruitment today. Speaking with Maritime CEO,…
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Polarcus swings the axe on senior management
Dubai-based seismic specialist Polarcus has announced further cost cuttings as it comes to grips with the hostile business environment in…
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CMA CGM first to tie up with IRISL
In front of the leaders of France and Iran at the Elysee Palace, the heads of CMA CGM and Islamic…
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British admiral warns on ISIS attacks in the Mediterranean
Britain’s highest-ranking naval officer in Nato has warned Islamic State, also known as Daesh, is planning attacks on shipping in…
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Ince warns Asian clients on dealing with Iran
Law firm Ince & Co has sent out a circular to its Asian clients, warning on the perils of dealing…
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Mohammed Sharaf steps down from DP World
Terminal operator DP World announced that, after 23 years with the group including 11 years as group ceo, Mohammed Sharaf…
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Fincantieri signs deals to boost Iranian yards
In the presence of the Italian prime minister Matteo Renzi and the president of Iran Hassan Rouhani – on an…
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Saudi Aramco, Bahri, HHI and Lamprell to develop shipyard complex
Hyundai Heavy Industries (HHI) and Lamprell Energy have joined the joint venture developing a proposed shipbuilding and maintenance complex in…
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Gulf Drilling International renews options for more jack-up rigs from Keppel
Gulf Drilling International (GDI) has renewed options for two more KFELS B-Class jack-up drilling rigs from Keppel FELS for delivery in…
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Egypt denies BP gas ship was turned away due to payment issues
Confusion surrounds an LNG shipment from BP bound for Egypt. LNG tanker British Sapphire was diverted to Brazil rather than…
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NITC to list to help fund newbuild programme
Iran’s leading tanker firm is eyeing a listing to help fund its large fleet expansion plans in the wake of…
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DP World joins forces with Russia
Global container terminal operator DP World has launched a joint venture with the Russian Direct Investment Fund (RDIF) that will…
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Service providers flock to Tehran
Shipping service providers are booking flights to Tehran en masse. As the markets remain dour, Iran’s return to the international…
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UASC mega containership damaged by storm on maiden voyage
UASC’s ultra large containership Al Zubara suffered damage and lost containers during a storm on its maiden voyage. The vessel…
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Pemex signs MOUs with Saudi Aramco and Mubadala Petroleum
Mexico’s state oil firm Pemex has signed memorandums of understanding (MOUs) with two major Middle East players about potential cooperation…
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Iran’s return has yards salivating
So then what to make of the return of Iran – the holder of the world’s fourth-largest reserves of crude…
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Mena Energy takes Fratelli d’Amico tanker on 3-year charter
Rome-based Fratelli d’Amico has chartered out LR2 tanker to Dubai-based Mena Energy for a period of three years. The charter…
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Giant gas reserve found off Israel
A huge gas reserve off Israel was announced on Sunday. Two local firms – Isramco Negev and Modiin Energy –…
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