Middle East
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Shreyas explains why feeder lines have to consolidate
It’s not just at the top of the container leaderboard where consolidation is necessary to survive; the world of feeder…
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Sovcomflot sells aframax tanker
Russian state-run shipping major Sovcomflot has sold its 2002-built aframax tanker to UAE-based Khor Al Zubair Shipping. Both Clarksons and…
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Gulf Navigation shuffles management
UAE-based Gulf Navigation has had a management shuffle. Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan has been appointed chairman…
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More ammonium nitrate found at Beirut port
The Lebanese army found another 4.35 tonnes of explosive ammonium nitrate yesterday near the entrance to Beirut port, one month…
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DP World and Canadian fund commit additional $4.5bn to port investment platform
Dubai-based port operator DP World and its Canadian partner Caisse de dépôt et placement du Québec (CDPQ), an institutional investor,…
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US blacklists another 11 companies for facilitating Iranian petrochemical shipments
The US government has added another 11 companies to its sanctions blacklist for allegedly facilitating Iranian exports of petrochemical products…
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Densay Shipping orders up to three ultramaxes at China Merchants Jinling
Turkish shipowner Densay Shipping has returned to China Merchants Jinling shipyard for the construction of up to three 63,500 dwt…
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World Food Programme issues bulker tender to fix Beirut’s grain supplies
The United Nations-backed World Food Programme (WFP) has issued a tender seeking a geared bulk carrier to become Lebanon’s de…
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ZIM branches out with new cyber security offering
Israeli carrier ZIM is branching out with a new revenue stream, debuting today ZKCyberStar, a cyber security consulting company created…
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US seizes websites of Iranian fuel traders
The Justice Department of the US has announced the seizure of three websites used by three Irianian companies Mobin International, Sohar…
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Polarcus awarded 3D project in West Africa
Dubai-based seismic service provider Polarcus has been awarded an XArray 3D marine seismic acquisition project in West Africa. The project will…
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London tipped to land ZIM IPO
Israeli container shipping company ZIM is considering an overseas initial public offering, Israeli news website Globes reported yesterday. The carrier…
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Ciner Shipping inks sale and leaseback with CSSC Shipping for newbuild suezmax tanker pair
Ciner Shipping, led by Turkish owner Turgay Ciner, has entered into an agreement with CSSC Shipping, the financial leasing unit…
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Report links Cypriot shipping magnate to Beirut disaster
An in-depth investigation involving 10 news organisations including Germany’s highly respected Der Spiegel has suggested the owner of the ship…
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Nan Lian Ship Management behind Sonangol suezmax acquisition
UAE-based Nan Lian Ship Management has been confirmed as the buyer of the 2001-built 159,200 dwt suezmax tanker . Multiple…
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Same armed guard who took Eagle Bulk crew hostage takes over another vessel
The armed guard who held the crew of the Eagle Bulk controlled Jaeger supramax last month has done it again.…
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Bahri orders ten chemical tankers at Hyundai Mipo
Saudi Arabian owner Bahri has entered into an agreement with Hyundai Mipo Dockyard for the construction of ten 49,999 dwt…
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Is DP World building a shipping line?
Santosh Patil takes a look at what the Dubai terminal operator’s latest acquisition means in the big picture. The news…
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Saudi Arabia latest to ban open loop scrubbers
Saudi Arabia has joined the list of countries to ban the use of open loop scrubbers at the country’s ports.…
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DP World bolsters India footprint with another feeder acquisition
DP World-controlled Unifeeder Group has confirmed it is buying Transworld Feeders FZCO, Avana Logistek , including its subsidiary Avana Global…
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