Middle East
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P&O Maritime buys majority stake in Spanish OSV firm
Dubai: P&O Maritime, part of the DP World empire, has acquired a majority stake in Remolcadores de Puerto y Altura…
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Iran and Qatar form shipping pact
Doha: Tehran and Doha are planning to set up a direct shipping line in the Persian Gulf waters in the…
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UASC forms new alliance with CSCL and CMA CGM
Shanghai: China Shipping Container Lines (CSCL) announced that it has signed agreements with CMA CGM and United Arab Shipping Co…
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Topaz Marine Engineering: Middle East’s super competitive yard scene
Dubai: A leading shipyard executive in the Middle East has questioned the incredibly low prices some of his competitors are…
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Yard boss questions cutthroat yard scene
Dubai: A veteran of the Middle East shipyard scene has questioned the incredibly low prices some of his competitors are…
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Iraq takes Greek firm to court
Dubai: The Iraqi government has started legal proceedings against a Greek company responsible for exports of oil from the Kurdish…
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Plans for new Haifa port up in the air
Cairo: Plans to develop a new port in Haifa have been thrown up in the air as competing Israeli construction…
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Egyptians rush to buy into new Suez channel
Cairo: A total of E£3bn was raised on the first day of selling Suez Canal investment certificates to the public.…
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Tasneef to class landmark LNG-powered tug
Dubai: In an initiative as the first of its kind in the Middle East, Emirates Classification Society Tasneef will be…
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New Suez channel already mired in controversy
Cairo: Construction of the new channel along the Suez Canal has only just begun, but is already mired in controversy.…
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Hazel sets up chemical storage facility in Hamriyah
Dubai: Hazel International FZE (HIF), owned by Veritas (India) Limited (VIL), will invest $126.45m to open a facility that will…
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Cambridge offshore course coming to Dubai
Dubai: The UK’s Cambridge Academy of Transport is coming to Dubai to offer a brand new course. The five-day Business…
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High transport fees irk Lebanese shippers
Dubai: Shippers in Lebanon have hit out at the high ocean freight charges they are facing. The former president of…
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Ship repair specialist to join ASRY
Dubai: ASRY, the Bahraini ship repair yard, has appointed Jos Goris as the new general manager of the operations division,…
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Dubai’s maritime contribution to local GDP praised
Dubai: Dubai's maritime sector now accounts for around 4.6% of Dubai’s GDP or equivalent to Dh14.4bn, according to Sultan bin…
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Iraqi oilfield starts production
Dubai: South Korea’s Kogas and Russia’s Gazprom on Monday announced they have started commercial production of crude oil from the…
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India allocates $100m to help develop Chabahar port
Dubai: India has allocated $100m to help develop the port of Chabahar in Iran, to improve trade with Afghanistan and…
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Cairo kicks off Suez expansion financing scheme
Cairo: Egypt will issue government certificates to finance the Suez Canal project on Monday. The project includes the development of…
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Drydocks World transfers fleet to Tasneef
Dubai: Emirates Classification Society (Tasneef) has signed a contract with Drydocks World that stipulates Tasneef will provide the classification and…
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Work to start on Qatar’s first self-built liftboat
Doha: Nakilat-Keppel Offshore & Marine (N-KOM) has selected ABS to class the first self-elevating unit ever to be built in…
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