Middle East
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Aramco teams with McDermott and NPCC to set up two offshore fabrication yards
State oil giant Saudi Aramco is establishing two offshore fabrication yards in collaboration with McDermott International international and National Petroleum…
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Vintage tankers and car carriers have doubled in price this year
Ageing car carriers, aframax and MR tankers are the ship types which have appreciated the most in price in the…
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Fire-struck boxship sinks in the Red Sea
The 2,007 teu has sunk according to multiple reports. The ship suffered a major fire in the Red Sea last…
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Adnoc Drilling secures $980m contract
Adnoc Drilling has secured a new contract worth around $980m for the hire of two jackup rigs and associated manpower…
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Shelf Drilling adds $236m with fresh five-year jackup deal
Oslo-listed Shelf Drilling has secured a five-year contract for the recently acquired jackup rig for operations in the Arabian Gulf.…
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GMS flips two out of class VLCCs
Older crude vessels are the primary target for buyers of secondhand tanker tonnage. Preliminary information from brokers BRS suggests that…
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Adnoc Drilling clinches $1.5bn contract
Adnoc Drilling has won a new contract worth $1.53bn to support the expansion of Adnoc’s offshore operations and crude oil…
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AMPTC offloads LR2 pair
Arab Maritime Petroleum Transport Company (AMPTC) has offloaded a pair of 2008-built LR2 tankers to undisclosed buyers. Multiple brokers reported…
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Crew evacuated from burning boxship off Saudia Arabia
A major fire broke out onboard a Panama-flagged containership off Saudi Arabia. A crew of 25 seafarers were evacuated from…
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Shelf Drilling seals two-year extension for newly acquired jackup
Dubai-headquartered jackup rig operator Shelf Drilling has secured a two-year contract extension for the recently acquired rig . The new…
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Safeen Feeders seals tankers deal in Iraq
Containership and bulker operator Safeen Feeders is expanding its portfolio into the oil and gas sector, having signed a deal…
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Pelagic Partners comes onboard giant new Saudi fund
Saudi Arabian shipyard International Maritime Industries (IMI) has created a giant new shipping fund in Cyprus to be managed by…
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World Maritime Day: Keep seafarers in mind when developing shipping technology
On World Maritime Day shipping has been reminded to keep seafarers in mind when developing shipping technology. The theme created…
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Gulf Marine Services scores bumper deal for two vessels
Gulf Marine Services (GMS) has won a new long-term contract at improved rates from a national oil company (NOC) in…
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Safeen Feeders expands again with Bangladesh boxship deal
Safeen Feeders has extended its partnership with Bangladesh-based Saif Powertec, having signed a new containership charter agreement for up to…
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Gulf Marine Services clinches new vessel contract
UAE-based liftboat operator Gulf Marine Services (GMS) has won a new contract with an engineering, procurement and construction (EPC) client…
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Adnoc Drilling snaps up two jackup rigs in $140m deal
UAE-based Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, has further expanded its…
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Safeen Feeders teams with compatriot trader Invictus to expand dry bulk fleet
AD Ports Group’s Safeen Feeders has struck a deal with compatriot commodity trader Invictus Investment to launch a new international…
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ADNOC mulls Gunvor swoop
Abu Dhabi National Oil Company (ADNOC) is reportedly looking to buy all or part of the Swiss-based commodity trading giant…
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Gulftainer hit with $21.5m fine in the US
Gulftainer, a port management company from the United Arab Emirates, has been told by a court in the US it…
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