Middle East
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Hong Glory eyes the Middle East
Shanghai: Hong Glory Shipping, a young breakbulk shipping firm based in Shanghai, is looking to expand into the Middle East…
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DP World completes free zone takeover
Dubai: DP World and its wholly owned subsidiary, DP World FZE, have closed the acquisition of Economic Zones World FZE…
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Gas exploration success for Eni in Indonesia and Libya
Jakarta: Energy group Eni has announced that it has completed post drilling studies on the Merakes-1 gas finding at East…
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KBR signs six-year offshore management deal with Saudi Aramco
New York: US engineering firm KBR announced on Monday it has signed a six-year deal to provide project management services for…
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Oil flows from two Libyan ports
Cairo: Despite there being no end in sight to the four-year civil war raging across the nation, there has been…
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Saudi fleet shrinks
Jeddah: The Saudi Arabian merchant fleet has shrunk by one fifth in recent years, and by 10% in the last…
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Bahri moves to raise $1bn
Dubai: Saudi Arabian tanker giant Bahri is selling ten-year sukuk worth RYLS3.9bn ($1.04bn) this month to repay debts. Bahri, which…
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Polarcus awarded offshore Egypt contract
Dubai: Oslo Bors listed seismic vessel owner Polarcus Limited has received an award from an unnamed client for a 3D…
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New Doha facility named Hamad Port
Doha: The new port being built in Mesaieed in Doha has been named Hamad Port, just like its new airport.…
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Abu Dhabi Ship Building diversifies
Dubai: Given the extreme competition among shipyards in the region Abu Dhabi Ship Building has chosen to diversify into naval…
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US vice admiral admits concern over Yemen chaos
Abu Dhabi: A senior US naval officer has vowed international shipping in and around the Gulf will not be harmed…
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New Yanbu refinery will boost product tanker trade, shipbroker says
London: Both clean and dirty tankers are set to benefit from the boost in refined products exports from the new…
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Tanker loads at Zueitina for first time in nearly a year
Cairo: Libya has restarted oil exports from the eastern port of Zueitina after 11-month suspension and is also testing a…
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Iran seeks to boost rig construction capabilities
Dubai: In a bid to develop its nation’s offshore construction capabilities National Iranian Oil Company (NIOC) has banned its subsidiaries…
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New police force tasked with protecting Suez Canal
Cairo: Egypt is setting up a new police force specifically tasked with protecting the Suez Canal, following continued threats to…
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Isis targets ships in the Mediterranean
Cairo: Isis is looking at disrupting European shipping. Propaganda released by the group has detailed plans to use Libya as…
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Israel’s ports poised for privatisation
Cairo: Israel’s privatisation tsar has outlined plans to sell off stakes in the country’s two main ports by the end…
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Libyan oil shutdown
Cairo: Libya’s oil exports are now just coming from two small offshore platforms, Reuters reports, as the civil war has…
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UASC enters transatlantic trades
Dubai: United Arab Shipping Company (UASC) has agreed a new partnership with CMA CGM and Hamburg Süd to enter the…
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Maersk Line connects South India to Aqaba
Mumbai: Maersk Line Jordan announced the launch of its new ME5 service that directly connects South India to Jordanian port…
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