Saudi Arabia
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Middle East
Bahri focuses on diversification
Bahri, the Saudi shipping conglomerate best known for its tanker empire, is making significant diversification plans. Bahri Line, a new…
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Shipyards
Hyundai Heavy aids Saudi yard in developing VLCCs
Saudi Arabian shipyard International Maritime Industries (IMI) has expanded its partnership with Hyundai Heavy Industries (HHI) through a technical service…
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Finance and Insurance
Bahri raises $1bn via sukuk bonds
Saudi Arabia’s top shipping line, Bahri, has raised SR3.9bn ($1.04bn) via the issuance of popular sukuk bonds, which were 1.95…
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Ports and Logistics
DP World to build massive Saudi logistics park
Terminal operator DP World and the Saudi Ports Authority (Mawani) have announced the signing of a 30-year agreement with an…
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Offshore
Saipem books CIMC jackup for Saudi Aramco contract
Ocean Challenger, the asset management company of CIMC, has recently entered into a charter contract with Italy’s Saipem for the…
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Shipyards
Saudi Arabian yard teams with Keppel’s rig designer
Saudi Arabian yard International Maritime Industries (IMI) and rig designer Keppel LeTourneau Middle East (KLET), a subsidiary of Keppel Offshore…
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Offshore
P&O Maritime Logistics secures new vessel contracts in Saudi Arabia
DP World’s P&O Maritime Logistics has signed three new contracts with a long-term client in Saudi Arabia. The deal will…
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Offshore
McDermott taps Heerema for Saudi Aramco’s Marjan field work
Dutch offshore construction player Heerema Marine Contractors has won a contract from Houston-based offshore engineering firm McDermott to transport and…
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Offshore
Valaris seals jackup extensions in Saudi Arabia
Valaris has secured new bareboat charter agreements for several jackups with ARO Drilling, the New York-listed offshore driller’s joint venture…
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Offshore
McDermott wins three contracts from Saudi Aramco
Houston-headquartered McDermott has been awarded three new contracts by Saudi Aramco for offshore engineering, procurement, construction and installation (EPCI) projects.…
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Offshore
Wood secures FEED contracts in Saudi Arabia
UK consulting and engineering firm Wood has secured a multi-million dollar contract with Saudi Aramco to deliver engineering and project…
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Offshore
Worley awarded contract extensions with Saudi Aramco
Worley has received contracts from Saudi Aramco to extend the Australian offshore engineering company’s in-Kingdom and out-of-Kingdom offshore services. Under…
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Offshore
Bernhard Schulte Shipmanagement enters Saudi Arabian offshore sector
Hamburg-based ship manager Bernhard Schulte Shipmanagement (BSM) has formed a joint venture with Rawabi Vallianz Offshore Services (RVOS) to offer…
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Ports and Logistics
Maersk to set up $136m logistics centre in Saudi Arabia
A. P. Moller – Maersk has signed an agreement with Saudi Ports Authority to invest $136m over 25 years in…
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Offshore
Saudi Arabia’s wealth fund unveils offshore platform tourism project
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a new tourism project inspired by offshore oil…
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Offshore
Miclyn Express Offshore secures charter extensions in the Middle East
Singapore-headquartered OSV owner Miclyn Express Offshore (MEO) has secured contract extensions for its fast crew boats in the Middle East.…
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Offshore
Valaris seals jackup extension in Saudi Arabia
Offshore driller Valaris has secured a 211-day extension to its bareboat charter agreement with ARO Drilling for the 1981-built standard…
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Offshore
Lamprell seals funds for IMI jackup newbuilds
United Arab Emirates-based fabricator Lamprell has agreed a $45m UAE Export Credit Agency backed revolving trade loan facility with two…
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Offshore
Saipem looks to set up new company with Saudi Aramco
Italian energy services contractor Saipem has signed an agreement with Saudi Aramco to explore the possibility of establishing a company…
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Middle East
Columbia Shipmanagement ups its game in Saudi Arabia
Columbia Shipmanagement (CSM) has entered into a strategic joint venture with Khobar-based Spectrum Group. The new company, CSM Saudi Arabia,…
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