Saudi Arabia
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Middle East
Hilong Marine scores $36m contract in the Middle East
Hilong Marine Engineering has secured contracts with UAE-based fabricator Lamprell and Lamprell Saudi Arabia. In a deal worth $36m the…
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Tankers
Bahri lets go of ageing VLCC
Saudi Arabia’s top shipping line, Bahri, has offloaded one of its oldest very large crude carriers (VLCCs). The Riyadh-based tanker…
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Offshore
Saipem scores $1bn in offshore deals
Italian energy services contractor Saipem has been awarded two new contracts in the Middle East and Brazil worth around $1bn.…
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Offshore
Valaris and Saudi Aramco offshore drilling JV appoints new CEO
ARO Drilling, a joint venture between Valaris and Saudi Aramco, has appointed Mohamed Hegazi as chief executive officer, effective immediately.…
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Gas
First accredited low-carbon ammonia for power generation shipped from Saudi Arabia to Japan
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. The shipment…
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Shipyards
Dutch entrepreneur seeks to build ship recycling plant in Saudi Arabia
Saudi Arabia looks set to offer the world a new ship recycling destination. Wreckdock has just been launched as a…
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Middle East
Bahri and the Suez Canal Authority look to form shipping JV
Saudi Arabia’s flagship shipping line Bahri has signed a non-binding memorandum of understanding with the Suez Canal Authority (SCA) to…
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Ports and Logistics
DP World sells 10% stake in UAE assets to Hassana for $2.4bn
Dubai-headquartered terminal operator DP World has sold around 10.2% stake in the Jebel Ali Port, the Jebel Ali Free Zone…
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Middle East
Bahri forms JV with local clothes producer
Saudi clothes giant Ajlan & Bros Holding has entered the shipowning business in a joint venture tie-up with the nation’s…
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Renewables
Saudi fund picks up stake in GIP’s offshore wind developer Skyborn
Saudi Arabia’s Public Investment Fund (PIF) has snapped up a slice of Global Infrastructure Partners’ (GIP) offshore wind developer Skyborn…
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Ports and Logistics
UNCTAD unveils the world’s most efficient tanker, dry bulk and container ports
Qatar has been crowned world champion when it comes to handling liquid bulk. The hosts of this year’s FIFA World…
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Offshore
Saudi Aramco dishes out new deals worth $11bn
Saudi Aramco has inked 59 corporate procurement agreements (CPAs) valued at $11bn with up to 51 domestic and international manufacturers,…
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Tankers
Bahri splurges $224m on pair of modern VLCCs
The sale of a quartet of VLCC sister ships over the past five months neatly illustrates rising tanker values. Elandra…
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Offshore
Seadrill wraps up $628m rigs sale
Seadrill has completed the sale of seven jackup rigs operating in Saudi Arabia to subsidiaries of Middle East driller ADES…
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Offshore
Aramco teams with McDermott and NPCC to set up two offshore fabrication yards
State oil giant Saudi Aramco is establishing two offshore fabrication yards in collaboration with McDermott International international and National Petroleum…
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Containers
Fire-struck boxship sinks in the Red Sea
The 2,007 teu has sunk according to multiple reports. The ship suffered a major fire in the Red Sea last…
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Operations
Crew evacuated from burning boxship off Saudia Arabia
A major fire broke out onboard a Panama-flagged containership off Saudi Arabia. A crew of 25 seafarers were evacuated from…
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Finance and Insurance
Pelagic Partners comes onboard giant new Saudi fund
Saudi Arabian shipyard International Maritime Industries (IMI) has created a giant new shipping fund in Cyprus to be managed by…
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Offshore
Seadrill sells seven jackup rigs to ADES
Offshore driller Seadrill has reached an agreement with the subsidiaries of ADES Arabia Holding to sell the legal entities that…
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Ports and Logistics
Red Sea Gateway Terminal gets the nod to run Bangladesh’s newest container facility
Bangladeshi officials have finally found an operator for the country’s newest container terminal. Saudi Arabia’s Red Sea Gateway Terminal (RSGT)…
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