Middle East
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10,000-teu Maersk boxship grounding sparks delays along the Suez Canal
Traffic backed up on the Suez Canal yesterday as the 9,971-teu ran aground at the 133-km mark of the waterway.…
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US has more oil reserves than Saudi Arabia
A new independent estimate of world oil reserves has been released by Oslo-headquartered Rystad Energy, showing that the US now…
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Noble sells part of its stake in Israeli offshore gas field
Noble Energy has sold a 3% working interest in the Tamar field, offshore Israel, to the Harel Group pension fund and…
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Sea Trucks secures Argentina pipelay contract
Offshore service provider Sea Trucks has announced that it has signed a contract with Enap Sipetrol Argentina for a pipelay…
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Pirate attack on tanker prevented by Iranian navy
An attack on an unnamed Iranian-owned oil tanker by a flotilla of pirate boats was foiled by the Iranian navy early…
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Tanker detained in Libya
Diplomats from Russia, Ukraine and Greece are trying to get in contact with the crew of the , which was…
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Industry heavyweights applaud Hapag-Lloyd and UASC merger move
News that Hapag-Lloyd will move ahead with a merger with United Arab Shipping Co (UASC) has been greeted with approval…
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Maersk dismisses Zim 2M link
Maersk Line has dismissed an Alphaliner report linking Israel’s Zim joining 2M as “rumours and speculation”. French box analysts Alphaliner…
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UASC shareholders approve merger with Hapag-Lloyd
United Arab Shipping Company (UASC) has announced that its six shareholding states has approved a merger deal with German container…
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Hapag-Lloyd and UASC agree a merger
Container lines Hapag-Lloyd and United Arab Shipping Company (UASC) have agreed on the terms of a merger. All shares would…
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Oaktree Capital executive held on theft allegations
Martin Graham, a London-based senior vice-president for Oaktree Capital, has been arrested at the request of authorities in the UAE…
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Total strips Maersk Oil of its rights to Qatar’s largest oil field
Maersk Oil is beating a retreat from Qatar. The Danish firm has lost out in a bid to extend its…
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Egypt seeks a third FSRU
Egyptian Natural Gas Holdings (EGAS) will launch a global tender this week to charter for five years a third FSRU…
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V.Ships Offshore to manage Milaha liftboat
V.Ships Offshore has been awarded a new contract by Qatar’s Milaha Offshore to manage self-propelled jack-up liftboat Milaha Explorer. V.Ships…
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Jinhui Shipping offloads supramax to Al Khalejia Aggregates
Jinhui Shipping and Transportation Limited has confirmed the sale of 2000-built supramax to UAE-based Al Khalejia Aggregates for $3.4m. Delivery of…
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Ship detained for using a drone while transiting Suez Canal
Scandinavian P&I Club Gard has warned its members on the dangers of using drones at sea. A vessel entered with…
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AMPTC takes suezmax options
Arab Maritime Petroleum Transport Co (AMPTC) has exercised options for a pair of coated suezmaxes at South Korea’s Hyundai Heavy…
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Atlantic Navigation orders seven newbuilds to support Middle East charter deal
Singapore-listed Atlantic Navigation has place orders with a Chinese shipyard for seven newbuild offshore vessels to support five-year charters it…
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DP World to invest $1.2bn in Ecuador’s first deepwater port
The contract for developing and operating Ecuador’s first deep-water port, a $1.2bn project, has been awarded to Dubai-based DP World.…
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Noble Energy gets the go ahead for Leviathan natural gas project
Houston-based Noble Energy has received the green light from the Israeli government to go ahead with its $5bn Leviathan project…
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