United Arab Emirates
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Ports and Logistics
DP World raises $1.5bn for green projects
Dubai terminal operator DP World has raised $1.5bn through a green sukuk. The sukuk, which was oversubscribed 2.3x due to…
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Asia
DP World joins forces with Indian batting legend Sachin Tendulkar in bid to make cricket more global
Today marks the start of the Cricket World Cup in India, one of the largest sporting occasions across the globe,…
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Offshore
Shelf Drilling scores Nigerian double
Oslo-listed jackup rig operator Shelf Drilling has won contracts for two units offshore Nigeria. The 1981-built and 2014-upgraded Adriatic I…
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Offshore
Shelf Drilling jackup gets more work in UK North Sea
Shelf Drilling has secured more work from CNOOC Petroleum Europe for its Shelf Drilling Fortress jackup in the UK North…
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Middle East
Dubai remains Russian shadow tanker hotbed
Dubai is the operating nexus for so-called shadow Russian crude oil shipments, according to a new report from the Centre…
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Finance and Insurance
Shelf Drilling raises fresh funds to refinance existing debt
Oslo-listed jackup rig pure-play Shelf Drilling has raised fresh capital via a private placement of new shares to repay debt…
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Offshore
TotalEnergies exercises option on Vantage drillship
Vantage Drilling has seen a second priced option exercised on its drillship working offshore West Africa. TotalEnergies has opted to…
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Middle East
Abu Dhabi firms explore ammonia shipping
Fertiglobe, the partnership between ADNOC and OCI Global, the world’s largest seaborne exporter of urea and ammonia combined, the largest…
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Tankers
Dubai’s Teodor Shipping sells its only VLCC
Sales registers show that Dubai-based Teodor Shipping has sold its only VLCC shortly after buying it. The 17-year-old Vatika has already…
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Ports and Logistics
DP World expands footprint in Turkey
DP World has formed a strategic equity partnership with Turkey’s Evyap Group, under which the Dubai-headquartered terminal operator will take…
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Tech
Marcura acquires ShipServ
Dubai-based maritime software provider Marcura has sealed a deal to acquire online procurement platform ShipServ for an undisclosed sum. This…
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Offshore
Lamprell wins NPCC contract
UAE-based fabricator Lamprell has secured a contract from National Petroleum Construction Company (NPCC), part of National Marine Dredging Company (NMDC),…
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Offshore
ADNOC Logistics & Services takes Safeen MPSV
ADNOC Logistics & Services (ADNOC L&S) has strengthened its offshore fleet with a modern multipurpose support vessel. The shipping and…
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Renewables
Iberdrola sells 49% of German offshore wind farm to Masdar
Spanish electric utility company Iberdrola has officially given up a slice of its 476 MW offshore wind farm in the…
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Middle East
Hilong Marine scores $36m contract in the Middle East
Hilong Marine Engineering has secured contracts with UAE-based fabricator Lamprell and Lamprell Saudi Arabia. In a deal worth $36m the…
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Offshore
Dulam sells DSV for scrap
Dubai-based subsea contractor Dulam has sold its ageing dive support vessel Oceanic Installer for recycling in Sharjah, UAE. Cash buyer…
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Tankers
The rise and fall of the biggest names associated with the dark fleet
In the game of tanker whack-a-mole, as port states attempt to crack down on companies hauling Russian oil, some previously…
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Renewables
Masdar set to take slice of Iberdrola’s German wind farm
Spanish electric utility company Iberdrola is reportedly set to form a strategic tie-up with Abu Dhabi-based renewable energy company Masdar…
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Offshore
Aquaterra Energy scores decommissioning contract in the Middle East
Offshore engineering specialist Aquaterra Energy has won a multi-million-pound contract working in partnership with TPMC to support a decommissioning campaign…
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Tankers
K&O Ship Management emerges as another Dubai name linked to dark fleet
Another Dubai shipmanager has emerged for European politicians to investigate and target when further Russia sanctions are discussed. In February,…
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