Middle East
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ICTSI to develop and operate Umm Qasr port in Iraq
International Container Terminal Services (ICTSI) is to operate, develop and expand container facilities Iraq’s Umm Qasr port and will invest…
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UASC delays vote on Hapag-Lloyd merger
United Arab Shipping Company (UASC) has delayed a shareholder vote on the proposed merger with German shipping line Hapag-Lloyd. UASC said…
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Rebranded Abu Dhabi Ports marine subsidiary expands fleet
UAE port operator Abu Dhabi Ports has announced that it has renamed its subsidiary, Abu Dhabi Marine Services, to SAFEEN…
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DP World raises $1.2bn from sukuk issue
Dubai’s DP World has raised $1.2bn from a new 7-year sukuk set to be listed on NASDAQ Dubai, with the…
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Hapag-Lloyd delays AGM due to UASC merger discussions
German shipping line Hapag-Lloyd has decided to postpone its annual general meeting (AGM) scheduled for June 1, 2016 due to…
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Russian yard seals mega rig order from Iran
Russian shipbuilder Krasnye Barrikady has been won a contract by Iran worth nearly $1bn to build five offshore drilling rigs…
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Indian prime minister visits Iran to sign Chabahar port agreement
Leaders from India, Iran and Afghanistan are due to meet in Tehran today to sign a trilateral agreement to develop Chabahar port…
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Hapag-Lloyd and UASC merger likely complete by August
The Wall Street Journal has reported the proposed merger between Hapag-Lloyd and United Arab Shipping Co (UASC) is likely to…
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‘Blocked’ Thenamaris tanker now loading oil in Libya again
An aframax owned by Thenamaris is reportedly loading a 600,000-bbl crude cargo for Glencore at Libya’s Al-Hariga port for export…
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Fratelli Cosulich forms bunkering alliance in Iran with IRISL
A new bunkering alliance between Italy’s Fratelli Cosulich and the Iranian national shipping group IRISL will take shape in the…
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Dolphin Geophysical wins Black Sea seismic survey contract
Dolphin Geophysical, part of GC Rieber, is to undertake a seismic data acquisition and processing contract for Black Sea Oil & Gas…
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UASC seeks approval for possible ‘business combination’ with Hapag-Lloyd
Shareholders in United Arab Shipping Company (UASC) will vote soon to approve a “business combination” agreement with Germany-based container line Hapag-Lloyd. The…
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Elektrans tanker removed from UN blacklist
Elektrans’ aframax tanker Distya Ameya has been removed from the UN Security Council’s sanction list, thanks to support from its flag…
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DSME to manage state-owned shipyard in Iran
Daewoo Shipbuilding & Marine Engineering (DSME) has signed a memorandum of understanding (MOU) with the Iranian government to run the Iran…
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NITC says insurance is fixed for its Europe-bound fleet
One final thorny issue ahead of National Iranian Tanker Company’s (NITC) return to European trades appears to have been fixed.…
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Atlantic Navigation lands ten vessel charter deal
Atlantic Navigation has announced that it has been awarded long term charters for ten offshore supply vessels at a combined…
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THE Alliance formed by Hanjin, Hapag-Lloyd, K Line, MOL, NYK and Yang Ming
Container shipping operators Hanjin, Hapag-Lloyd, K Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have confirmed the creation of a new…
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Kim Heng Offshore & Marine eyes Iran with new MOU
Singapore’s Kim Heng Offshore & Marine Holdings, via subsidiary Kim Heng Marine & Oilfield (KHMO), has entered into a non-binding…
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Vard lands 15 vessel order from Topaz Energy and Marine
Norwegian offshore shipbuilder Vard has secured a contract from Dubai-based Topaz Energy and Marine for the design and construction of…
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Polarcus secures Repsol contract
Dubai-based seismic operator Polarcus has announced that it has received a letter of intent from the Spanish oil company Repsol.…
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