Middle East
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Vantage Drilling and ADES form Egyptian joint venture
US offshore driller Vantage Drilling International and UK drilling and production firm ADES International Holding have formed a joint venture…
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Neville Bissett appointed CEO of QTerminals
QTerminals, the operator of the first phase of Hamad Port in Qatar, have appointed Neville Bissett as the company’s first…
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Ships targeted off Yemen
Houthi militias have repeated they are out to target commercial ships transiting near war-torn Yemen. “We will take measures we…
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Tristar gets $100m investment from Kuwait
Kuwait-based Gulf Investment Corporation (GIC) has bought a $100m equity stake in UAE-based Tristar Group. Tristar will use the funds…
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McDermott scores major EPCI contract in the Middle East
Houston-based offshore services firm McDermott International has announced a major contract award from the Middle East for engineering, procurement, construction…
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Iranian boxship runs aground on Hong Kong island
The Iranian-flagged 5,000 teu containership ran aground at the eastern corner of Magazine Island, an islet near Ap Lei Chau…
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UAE bans all ships flying fake Micronesia flag
The Federal Transport Authority in the United Arab Emirates (UAE) has issued a circular banning all ships flagged by the…
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ICTSI stumps up another $100m to boost Iraqi facilities
Manila-headquartered International Container Terminal Services Inc (ICTSI) is stumping up $100m for the second phase development of Basra Gateway Terminal…
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UAE and ITF to work together to solve abandonment cases
The United Arab Emirates’s Federal Transport Authority (FTA) and the International Transport Workers’ Federation (ITF) have agreed to work together…
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Serial crew abandonment offender Varun banned from UAE waters
On Tuesday IMO secretary general Kitack Lim used the Splash crew abandonment campaign as a platform to call for greater…
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Oman Shipping chases aggregates business
Oman Shipping Company is looking at adding up to 10 bulk carriers as it chases a greater market share of…
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Libyan authorities fire and sink tanker taking contraband diesel
The Libyan Coast Guard fired on a product tanker, , on Friday after the ship was caught taking oil out…
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BahriBunge Dry Bulk launched in Dubai
BahriBunge Dry Bulk, a joint venture announced in February between Saudi shipowner Bahri and agribusiness giant Bunge, has officially launched…
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Drydocks World wins FPSO upgrade contract
Dubai’s Drydocks World has signed agreements with Bluewater Energy Services and Hurricane Energy to undertake a repair, life extension and…
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Creditors set to take haircut as Drydocks World falls back on local laws for protection
Creditors owed money by Dubai’s Drydocks World are set to get back just 21 cents on the dollar as the…
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‘Extreme caution’ still needed when calling at Libya
The Libyan port of Benghazi reopened yesterday after a three-year closure as civil war has battered the North African nation.…
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Oman Shipping planning to buy its first containerships
Oman Shipping is planning to enter the containership owning sector through the acquisition of two containerships, replacing ships it currently…
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Abu Dhabi Ports eyes expansion overseas
The Middle East could have another global terminal operator soon. The head of Abu Dhabi Ports has hinted it is…
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Mermaid Maritime wins $96m extension in the Middle East
Thai subsea specialist Mermaid Maritime has been awarded a contract extension, via a local JV company it has with a…
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Iran and Kazakhstan form shipping JV
Iran and Kazakhstan have formed a joint venture shipping line, designed to funnel cargoes from Central Asia down to Iran’s…
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