Middle East
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Dubai set to trial container condition monitoring tech
Container analytics company ConexBird has developed and patented a solution to measure the physical condition of shipping containers, whilst they…
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Asia Pacific jackup utilisation bolstered by contracts in the Middle East
Offshore rig activity has picked up in the Asia Pacific (APAC) region, but not all due to increasing rig demand…
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US adds more shipping companies to its Iranian sanctions list
Tanker watchers looking to read the diplomatic channels between Washington and Tehran will take yesterday’s decision to target more Iranian-linked…
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AD Ports bolsters its position in Egypt
Abu Dhabi’s AD Ports Group is spending $140m to acquire a 70% equity stake in International Associated Cargo Carrier, which…
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Safeen Feeders takes its largest ship to date
AD Ports Group’s shipping line, Safeen Feeders, has been linked to its biggest ship to date. Multiple sources report that…
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DP World lands $300m for stake in Indian subsidiary
Dubai-headquartered terminal operator DP World has secured a $300m investment from India’s sovereign wealth fund, National Investment and Infrastructure Fund…
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13 dead, hundreds injured following chlorine leak at Aqaba port
Thirteen people have died and 251 have been injured in a toxic gas leak from a container carrying 25 tonnes…
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Saipem scores $650m in Middle East offshore contracts
Italian energy services contractor Saipem has been awarded four new offshore contracts in the Middle East worth a total of…
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Cash-strapped Lamprell in takeover talks
Financially troubled Lamprell has seen its shares plummet as it said it was exploring funding options and that it had…
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DP World to invest further in Romania’s Constanta port
The Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and DP World to…
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Noble selling five jackup rigs to Shelf Drilling to secure UK approval for Maersk Drilling merger
Offshore driller Noble Corporation has sealed a deal to sell five jackup rigs to a newly formed subsidiary of Dubai-based…
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Product tanker rates soar to heights not seen since the start of the pandemic
The product tanker market is looking healthier with each week that passes, with all segments firming up to levels last…
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Seadrill awarded $361m in contract extensions
Offshore driller Seadrill has been awarded contract extensions for the jackup rigs AOD I, AOD III and West Callisto for…
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Al Seer Marine buys two VLCCs
Al Seer Marine , part of Abu Dhabi’s International Holding Company (IHC), has acquired two VLCCs, the Twin Castor and…
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ZIM invests in artificial intelligence firm
Cash-rich Israeli carrier ZIM has invested $6m into Data Science Consulting Group (DSG), a compatriot tech firm with a focus…
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Abu Dhabi Ports comes onboard Sudanese project
Abu Dhabi Ports will build a new Red Sea port in Sudan in partnership with a local conglomerate called DAL…
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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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Shelf Drilling snaps up Aban jackup for $30m
Dubai-based Shelf Drilling has struck a deal with a subsidiary of Aban Offshore to purchase the 2008-built jackup rig for $30m.…
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AD Ports and NMDC set up subsea services venture
Abu Dhabi-based ports and logistics giant AD Ports Group has established a joint venture company with compatriot National Marine Dredging…
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Iran’s tanker spat with Greece nears conclusion
Iran’s Ports and Maritime Organisation (PMO) said on Tuesday the Iranian-flagged ship seized in April by Greece has been freed…
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