Middle East
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Lamprell announces reorganisation designed to spur renewables growth
UAE offshore fabrication engineering group Lamprell has announced a strategic reorganisation of its business to increase its focus on renewables…
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Interpol seeks captain and owner of the ship linked to Beirut port blast
Interpol has issued red notices for the captain and owner of the ship that carried the ammonia nitrate which obliterated…
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Shuaa Capital rescues Stanford Marine
UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s AED1.13bn ($308…
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GMS secures new long-term contract
UAE-based liftboat specialist GMS has been awarded a long-term contract with an NOC client in the MENA region for the…
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Investment firm controlled by Peter Georgiopoulos and Leonidas Vrondissi to acquire UACC
United Overseas Group (UOG), an investment firm controlled by Peter Georgiopoulos and Leonidas Vrondissi, is acquiring Dubai-based United Arab Chemical…
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Middle East shipping patterns change as Qatari standoff ends
Middle Eastern shipping patterns are set for change once again with news yesterday that the three-year diplomatic standoff between Qatar…
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IRISL hit by further US sanctions
The United States has blacklisted 17 companies and one individual in connection with Iran’s metals industry in the latest round…
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Korean naval forces arrive as tanker shipping faces up to the threat of more Iranian seizures
Korean naval forces have arrived near the Strait of Hormuz as dialogue gets underway to free the and its 20…
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Egypt inks oil and gas exploration agreements worth $1.4bn
Egypt’s Ministry of Petroleum and Mineral Resources has signed a series of new petroleum agreements for oil and gas exploration…
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Korean tanker seized by Iranian forces
The South Korean-flagged handysize tanker was seized on Monday morning by Iranian forces while it transited the Strait of Hormuz.…
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ZIM issues prospectus ahead of New York listing
Israeli carrier ZIM, which has been privately held since 2004, has filed a prospectus ahead of an initial public offering…
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Iraqis defuse mine on Dynacom suezmax
Bomb defusal experts successfully removed an explosive device stuck to the hull of a tanker near the Iraqi port of…
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Egyptian grains giant to develop own fleet
The Egyptian government has given the go-ahead for state-run grains buyer, the General Authority for Supply Commodities (GASC) to co-found…
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Daewoo E&C secures $2.6bn port construction deal in Iraq
South Korea’s Daewoo Engineering & Construction has signed a deal to build the first phase of the Faw commercial port…
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Gulf Marine Services awarded new contract extensions as debt talks continue
UAE-based lifeboat owner Gulf Marine Services has been awarded two contract extensions for two K-Class vessels totalling 13 months. The…
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Polarcus awarded 3D project in Asia Pacific
Dubai-based offshore survey firm Polarcus has received a letter of award for providing 3D seismic data acquisition services in Asia…
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Saudi Arabia announces four new oil and gas fields
Saudi Arabia has announced that the country’s national oil and gas group Saudi Aramco has discovered four new oil and gas…
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DP World to build $1bn port in Senegal
Dubai-based port operator DP World has entered into an agreement with the government of Senegal to develop a deep water…
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Shelf Drilling sells jackup rig to Adnoc
UAE-based jackup rig operator Shelf Drilling has entered into an agreement to sell its 2019-built jackup rig to Adnoc Drilling.…
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Explosive-laden boat cited in Jeddah tanker attack
Saudi Arabia has said an explosive-laden boat was used in yesterday’s attack on Hafnia’s LR tanker at a Saudi Aramco…
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