Middle East
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ZIM’s CEO Rafi Danieli resigns
The ceo of Israeli containerline ZIM Integrated Shipping Services is resigning. Having worked at ZIM for 38 years, including seven…
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Polarcus details restructuring plans
Dubai-based seismic specialist Polarcus has made public details of its financial restructuring process. The company’s banks, lease providers and certain…
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Zim reportedly delays New York IPO
Haaretz, Israel’s oldest newspaper, is reporting containerline Zim Integrated Shipping Services has taken heed of the deteriorating market conditions and…
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Islamic State targets two Libyan ports
Two key oil ports in Libya have come under intense attack from Islamic State fighters. For the second day, running…
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IRISL readies European network
With sanctions against it set to be lifted soon, Islamic Republic of Iran Shipping Lines (IRISL) is looking to open…
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Honghua Group scores rig contract from Kuwait Drilling Company
Hong Kong-listed rig manufacturer Honghua Group has announced that it has entered into an agreement with Kuwait Drilling Company (KDC)…
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Turkish Petroleum extends support contract with Polarcus
Dubai-based seismic specialist Polarcus has been given a two-year extension of its support services agreement with Turkish Petroleum. The extension covers…
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Russian and Iranian shipyards sign agreement to build oil rigs
Iranian shipbuilder ISOICO and Russian yard Krasnye Barrikady have signed an agreement to jointly build rigs for oil and gas…
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Subsea 7 gets work offshore Egypt
Subsea 7 has secured a contract from Burullus Gas Company for the platform extension and tie-in on the first phase…
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Abu Dhahi Ports and Gulf Marine Services team up on new offshore facility
Abu Dhahi Ports has signed a contract with Gulf Marine Services (GMS) that will see the creation of a new…
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Gulf Navigation confirms new CEO
Gulf Navigation, the Dubai-based tanker firm, has confirmed the appointment of Parag Jain as the company’s new ceo. Jain had…
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Bahri picks up VLCC pair from Tanker Investments for $155m
National Shipping Company of Saudi Arabia (Bahri) has announced that its board has approved the acquisition of two 2010-built VLCCs…
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Russian yard in negotiations for Iranian rigs worth ‘billions of dollars’
Krasnye Barrikady, a Russian shipyard which translates as Red Barricades, claims it is in line for a bumper series of…
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KCA Deutag sells ageing jack-up rig
UK-based drilling contractor KCA Deutag has sold its jack-up drilling rig Ben Loyal to Egypt’s Advanced Energy Systems. KCA Deutag…
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Emarat Maritime: Where rates will head in 2016
Dubai: This year marks the quarter century mark that Captain Jitendra Misra has worked for Emarat Maritime, including 17 years…
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Polarcus and Spectrum team up for Aussie survey
Polarcus, Spectrum and DownUnder GeoSolutions are commencing a new multi-client project over the Vulcan Sub-basin, offshore Australia’s North West Shelf. The…
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Ashdod port fined for sulfur spill
Israel’s Environmental Protection Ministry is fining the Ashdod Port Company NIS2.7m ($600,000) for marine pollution infractions, following a contamination incident…
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Blaze onboard Chinese dredger at Haifa port
Fire broke out early this morning onboard a China-flagged hopper dredger berthed at Israel’s Haifa Port and threatened to engulf…
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IRISL: Back in from the cold
Tehran: Sanctions against Iran are expected to be lifted early next year – the nation’s shipping lines are raring to…
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Polarcus restructures in order to survive
Dubai-based seismic specialist Polarcus has announced that it will go through a major financial restructuring process. The company has initiated…
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