Middle East
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Iran hands Russian yard $1bn rig order
Russia’s Krasnye Barrikady Shipyard has won a much telegraphed $1bn order to build five drilling rigs for Iran’s Tasdid Offshore…
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Lamprell reaches settlement for jackup rig
Lamprell has announced that it has reached an agreement with Ensco to settle all claims arising from the late delivery…
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UASC posts biggest operating loss of any major container line
United Arab Shipping Company (UASC) has posted its financial figures publically for the first time, revealing a -9% operating loss…
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Iran keen to participate in Nicaragua Canal project
The long dormant plan to build a canal through Nicaragua to rival the newly expanded Panama Canal could be revived.…
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MC Seamax pays $80m for two-year-old 9,000 teu ship
Tonnage provider MC Seamax has snapped up a UASC boxship with a decent charter to boot. The American firm is…
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ONEX takes Great White aframax for $13m
A 1999-built aframax belonging to Prime Marine has finally been sold after months in the shop window. The coated 104,000…
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Aqua Diving Services orders jackup pontoon at Damen Shipyards
Damen Shipyards has won a contract via its Shajah yard in the United Arab Emirates to build a self-propelled jack-up…
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QMS orders six jackups at CSIC
UAE offshore driller Quality Marine Services (QMS), a subsidiary of Abu Dhabi based Zakher Marine International, has signed contracts with…
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Abu Dhabi Shipbuilding to expand into Zayed Port
A new ship repair facility with a ‘floating’ dry dock is to be opened at Zayed Port in the UAE…
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ASRY chief executive quits
Bahrain shipyard Arab Ship Repair Yard (ASRY) appointed Magdy Mustafa as acting chief executive, after the current chief executive Nils…
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Sovcomflot linked with LPG carrier sale to NITC
Sovcomflot is linked with the en bloc sale for a pair of LPG carriers. Sources tell Splash the nine-year-old SCF…
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Bahri gets $133m to buy chemical tankers
National Chemical Carriers (NCC), part of Saudi Arabia’s National Shipping Company (Bahri), has secured $133.2m in Islamic financing, which will…
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Gulf Marine Services secures new contract and extension
Offshore vessel operator Gulf Marine Services has announced that it has won a new contract a Middle East and North…
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Lamprell appoints new CEO
Christopher McDonald is to join Lamprell as its new CEO and director effective as of October 1, succeeding Jim Moffat,…
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Libyan oil terminals set to reopen
Libya is finally set to recommence oil exports from long shuttered key terminals in the east of the war-torn country.…
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DP World to operate container terminal in St John, Canada
Dubai port operator DP World said it has signed a lease agreement to expand and operate the multipurpose Rodney container…
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Swiber liquidation rattles Pacific Radiance, Vallianz shareholder unfazed
Singapore’s Pacific Radiance has revealed a $10.1m exposure to Swiber Holdings, which went into liquidation this week. Pacific Radiance told…
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DP World takes Kaohsiung terminal
Global terminal operator DP World has signed an MoU with Taiwan International Ports Corporation (TIPC) to develop Kaohsiung Port’s Terminal…
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McDermott and N-KOM to cooperate on Qatar offshore projects
McDermott International and Nakilat-Keppel Offshore & Marine (N-KOM) have signed an exclusive five-year cooperation agreement to engage in offshore engineering, procurement,…
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Lamprell delays delivery of jack-up rig due to technical fault
Lamprell has delayed delivery of a jack-up drilling rig to an unnamed client because of a technical fault found in…
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