United Arab Emirates
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Ports and Logistics
AD Ports earmarks up to $379m for Angolan port
Abu Dhabi-based ports and logistics giant AD Ports Group has secured a 20-year concession agreement for Angola’s Luanda multipurpose port…
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Operations
US targets Emirati shipmanager and 13 vessels in latest round of Iran-related sanctions
The US has imposed sanctions on a United Arab Emirates-based shipmanager and 13 vessels linked to its role in shipping…
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Ports and Logistics
DP World teams with Rumo for new $500m grain and fertiliser terminal at Brazil’s Santos port
Dubai-based terminal operator DP World has partnered up with Brazilian railway operator Rumo to build a grain and fertilizer terminal…
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Tankers
Safeen Feeders vessel joins Stena Sonangol suezmax pool
AD Ports Group’s shipping arm Safeen Feeders has joined the Stena Sonangol suezmax pool, a joint venture between Swedish shipowner…
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Offshore
Contracts for Shelf Drilling jackup quartet suspended
Oslo-listed jackup rig pure-play Shelf Drilling has received a notice of suspension of operations from an undisclosed Middle Eastern customer…
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Finance and Insurance
Al Seer and BGN venture seals funds for gas carrier newbuilds
ABGC DMCC, a joint venture firm of Al Seer Marine and BGN, has secured funding to support the construction of…
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Ports and Logistics
AD Ports takes majority stake in Georgia’s dry port
AD Ports Group has sealed a deal to acquire majority ownership in the Tbilisi Dry Port in Georgia. The agreement…
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Ports and Logistics
DP World to build logistics centre in Busan
Terminal operator DP World has announced a $50m investment to develop a new logistics centre in Busan New Port, strengthening…
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Offshore
Shelf Drilling seals two-year jackup extension in Egypt
Oslo-listed jackup rig pure-play Shelf Drilling has secured a two-year contract extension for its Rig 141 unit operating in the…
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Ports and Logistics
Port of Antwerp-Bruges to pay more than $44m in DP World concession dispute
The port of Antwerp-Bruges will have to pay €41.3m ($44.7m) plus costs and interest to DP World under a ruling…
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Tankers
Washington unveils further sanctions against Russian-linked tanker operators
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of…
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Offshore
New chief executive to take over at Shelf Drilling
The chief executive officer (CEO) of Oslo-listed jack-up rig operator Shelf Drilling, David Mullen, will step down from the role…
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Operations
Dubai Mercantile Exchange hits largest trading and delivery volume peak since 2018
Middle Eastern energy-focused commodities exchange, Dubai Mercantile Exchange (DME), has recorded a large increase in total volume and physical delivery…
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Gas
BGN returns to Hyundai shipyard to raise VLGC wager
BGN is increasing its wager on LPG/ammonia trades by signing up for two out of a series of about 15…
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Offshore
Maridive’s Emirati unit lines up $40m asset sale to settle debt
Egyptian OSV player Maridive has announced that its Emirati unit, Ocean Marine UAE, is finalising a deal to sell a…
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Tankers
US sanctions Emirati tanker owner for violating Russian oil price cap
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a United Arab Emirates-based…
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Offshore
Atlantic Navigation buys accommodation vessel
Singapore-listed OSV player Atlantic Navigation has snapped up an accommodation work boat for $11m. The 2016-built , Equasis lists under…
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Middle East
UAE cracks down on Cameroon flag
Ships flagged with Cameroon face restrictions when calling in the Middle East. The United Arab Emirates has added the Cameroon…
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Operations
Gulf Navigation buys Turkish Polimar out of agency partnership
Gulf Navigation of Dubai has bought out its partner in maritime agency services specialist Gulf Navigation Polimar Maritime. GulFnav has…
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Regulatory
US slaps sanctions on Sovcomflot manager and traders of Russian oil for price cap breaches
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued new sanctions on Sovcomflot shipmanager and…
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