Middle East
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UK shipbroker victim of Dubai fraud
UK-headquartered shipbroker Century Marine Services has been the victim of a fraud by a Dubai-based firm calling itself Matin Marine…
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Bahri buys VLCC duo
Saudi Arabia’s Bahri has purchased two 321,200-dwt VLCCs from Daewoo Shipbuilding & Marine for $78m each after the vessels failed…
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UASC closes in on another $1bn order
Fast-growing United Arab Shipping Co (UASC) is in advanced negotiations with Korean yards for another $1bn order, sources tell Splash.…
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Atlantica offloads 1,730-teu boxship to Egypt’s Mahoney
Sources say Norway-based asset player Atlantica Shipping has offloaded the 1996-built, 1,730-teu for a price slightly above $6m to Egypt’s…
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DP World tapped to resuscitate Aden
Dubai terminal operator DP World has been contacted by Yemeni officials to try and help get the Port of Aden…
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Subsea 7 wins Pharonic Petroleum contract in Egypt
UK-based Subsea 7 has been awarded a contract via a tender process from Pharaonic Petroleum Company in Egypt for the…
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Eni awarded two exploration licenses in offshore Egypt
Eni has won exploration licenses for blocks at North El Hammad and North Ras El Esh in offshore Egypt in…
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ZIM rumoured to have hired IPO banks
Zim Integrated Shipping Services is rumoured to have hired Merrill Lynch (part of Bank of America Corp) and Barclays to…
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Hyundai Glovis wins $500m COA from Qatar
Qatar Primary Materials Co (QPMC) has contracted Hyundai Glovis to carry 50m tons of aggregates from the UAE and Oman…
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Renaissance sells Topaz Engineering for $18.5m
Oman’s Renaissance Services has entered into an agreement to divest Topaz Engineering Limited (TEL) and its subsidiaries, which provide marine…
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Dredging delays see BW’s Egyptian FSRU contract start late
BW’s FSRU, which has arrived in Egypt, for a five-year charter, will start operations late as the berth at Sokhna…
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Topaz Energy and Marine heads to Vard for OSCV pair
Offshore shipbuilder Vard has announced that it has secured new contracts with Topaz Energy and Marine to build two offshore…
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Jawhrt Berlin purchases its first vessel
The Kuwait-based gravel specialist Jawhrt Berlin has been in the market shopping for its first vessel, according to several informed…
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Synergy Offshore: ‘$50 oil has absolutely decimated the industry’
Dubai: Fazel Fazelbhoy is in a much more relaxed state of mind these days, now that he is no longer…
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Polarcus wins West Africa contract
Dubai-based seismic vessel operator Polarcus has announced it has received a letter of intent for a 3D marine seismic project…
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Bakri’s latest buy takes its S&P spend past $50m this year
Jeddah headquartered Bakri Navigation Company continues to be hungry for more tonnage. Brokers report that the Arab outfit has purchased…
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Milaha appoints new head
Qatari maritime conglomerate Milaha has announced that it has appointed Abdulrahman Essa Al-Mannai as president and chief executive officer. He…
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Qatar’s Aamal moves into shipowning
Qatar-based industrial manufacturing, trading and distribution company Aamal has made its first move into shipping, setting up a new subsidiary…
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Israeli parliament approves gas field development plans
Israel’s parliament yesterday approved plans to develop three offshore natural gas fields. In a tight vote, parliament gave its blessing…
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Polarcus awarded Shell seismic project offshore Myanmar
Dubai seismic operator Polarcus has received a letter of award from Shell Myanmar Energy for a 3D marine seismic project…
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