Middle East
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Private equity firms seek local investment in oilfields
Muscat: Samurai International Petroleum (Sipco) and Greenstone Equity Partners have joined forces in the Gulf Cooperation Council (GCC) region to…
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Contracts signed for new Haifa Bay Port construction
Tel Aviv: The Israel Ports Company has signed a contract with a consortium that comprises Ashtrom Properties and Shapir Civil…
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Ten rescued after Turkish cargo ship runs aground
Istanbul: Ten crew were rescued by the Turkish Coast Guard yesterday when a small bulker, the Gulf Rio (3,700 dwt,…
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New towage JV starts in Oman
Singapore: PSA Marine Qalhat SAOC (PSAMQ), a joint venture company formed between PSA Marine and Golden Dunes International, will commence…
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DP World says low oil price will boost profitability in long-run
Dubai: The falling oil price and cost of marine bunker fuel will translate to higher profitability and economic growth, according…
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Iranian tanker rescued from pirates off Yemen
Muscat: An Iranian oil tanker has been rescued from pirates by the Iranian Navy 120 miles off the coast of…
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Oman and Iran working on new connections to facilitate trade
Muscat: Oman and Iran will sign an agreement within the next few months to establish a new shipping route and…
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Suez Canal celebrates highest ever revenue
Cairo: The Suez Canal brought in revenue of $5.3bn in 2014, the highest figure since its inauguration in 1869. The…
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Thoresen Shipping opens Dubai office
Singapore: Dry bulk shipping company Thoresen Shipping has announced that it has opened a new Middle East office in Dubai,…
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First RoRo vessel calls at Khalifa Port
Abu Dhabi: The first scheduled RoRo vessel has called at the RoRo terminal at Khalifa Port, Abu Dhabi. The MV…
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Greek tanker bombing a mistake, Libyan authorities admit
Cairo: The government of Libya has apologized for mistakenly bombing a Greek tanker yesterday. The mishap killed two seafarers and…
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Khalifa financing fixed
Dubai: Abu Dhabi Terminals has announced a financing agreement with Abu Dhabi Commercial Bank (ADCB) for the development of Khalifa…
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Dana Gas receives $60m from Egyptian government
Dubai: UAE-based energy firm Dana Gas announced that it has received $60m of $212m in overdue payments from the Egyptian…
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Greek tanker bombed in Libya
Cairo: The 24-year-old tanker Araevo, owned by Greece’s Aegean Oil, was bombed by a fighter plane at the Libyan port…
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Iranian infrastructure boost
Dubai: The Iranian port of Imam Khomeini in southwest of the country is set for a boost in infrastructure. Private…
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Misrata port attacked
Cairo: Forces loyal to Libya's internationally recognized government over the weekend carried out airstrikes on the commercial port of Misrata,…
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DP World ready to splash the cash
Dubai: DP World will nearly double its investments this year as the terminal operator looks to up capacity across its…
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Authorities rush to contain spill from Libyan tanker
Singapore: Authorities in Singapore have spent the weekend trying to contain a serious oil spill from a Libyan tanker. The…
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UASC collaborates with Hamburg Sud on East-West trade
Dubai: United Arab Shipping Company (UASC) has signed a global cooperation agreement with German shipping line Hamburg Süd, which will…
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Sohar hopes 2000th vessel will lead to regional hub status
Muscat: With Sohar Port and Freezone celebrating yesterday's arrival of a record-breaking 2000th vessel to call at the Batinah port…
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