United Arab Emirates
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Ports and Logistics
DP World to build logistics centre in Busan
Terminal operator DP World has announced a $50m investment to develop a new logistics centre in Busan New Port, strengthening…
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Offshore
Shelf Drilling seals two-year jackup extension in Egypt
Oslo-listed jackup rig pure-play Shelf Drilling has secured a two-year contract extension for its Rig 141 unit operating in the…
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Ports and Logistics
Port of Antwerp-Bruges to pay more than $44m in DP World concession dispute
The port of Antwerp-Bruges will have to pay €41.3m ($44.7m) plus costs and interest to DP World under a ruling…
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Tankers
Washington unveils further sanctions against Russian-linked tanker operators
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of…
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Offshore
New chief executive to take over at Shelf Drilling
The chief executive officer (CEO) of Oslo-listed jack-up rig operator Shelf Drilling, David Mullen, will step down from the role…
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Operations
Dubai Mercantile Exchange hits largest trading and delivery volume peak since 2018
Middle Eastern energy-focused commodities exchange, Dubai Mercantile Exchange (DME), has recorded a large increase in total volume and physical delivery…
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Gas
BGN returns to Hyundai shipyard to raise VLGC wager
BGN is increasing its wager on LPG/ammonia trades by signing up for two out of a series of about 15…
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Offshore
Maridive’s Emirati unit lines up $40m asset sale to settle debt
Egyptian OSV player Maridive has announced that its Emirati unit, Ocean Marine UAE, is finalising a deal to sell a…
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Tankers
US sanctions Emirati tanker owner for violating Russian oil price cap
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a United Arab Emirates-based…
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Offshore
Atlantic Navigation buys accommodation vessel
Singapore-listed OSV player Atlantic Navigation has snapped up an accommodation work boat for $11m. The 2016-built , Equasis lists under…
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Middle East
UAE cracks down on Cameroon flag
Ships flagged with Cameroon face restrictions when calling in the Middle East. The United Arab Emirates has added the Cameroon…
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Operations
Gulf Navigation buys Turkish Polimar out of agency partnership
Gulf Navigation of Dubai has bought out its partner in maritime agency services specialist Gulf Navigation Polimar Maritime. GulFnav has…
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Regulatory
US slaps sanctions on Sovcomflot manager and traders of Russian oil for price cap breaches
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued new sanctions on Sovcomflot shipmanager and…
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Operations
Scorpio Services and Gulf Navigation launch shipmanagement venture in Dubai
Lolli-Ghetti family-controlled Scorpio Services Holding (SSH), part of the Monaco-based Scorpio Group, has established a shipmanagement joint venture with Gulf…
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Bunkering
Tristar orders electric hybrid bunker vessel
Dubai’s Tristar Group has placed an order with Turkey’s Akdeniz Shipyard to build an electric hybrid bunker barge for the…
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Ports and Logistics
AD Ports and Masdar eye hydrogen hub in KEZAD
Abu Dhabi’s ports and logistics giant AD Ports Group and clean energy developer Masdar have joined forces to explore the…
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Offshore
Shelf Drilling awarded $73m rig contract in Vietnam
Oslo-listed jackup rig pure-play Shelf Drilling has secured a contract for the Shelf Drilling Perseverance with PetroVietnam Domestic Exploration Production…
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Renewables
Masdar and Iberdrola forge $16bn offshore wind, green hydrogen alliance
Abu Dhabi’s Masdar and Spanish utility Iberdrola have inked a €15bn ($16.2bn) strategic partnership agreement to evaluate the joint development…
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Dry Cargo
Lila Global times market well with cape buy
Following the secondhand market closely and successfully sealing deals immediately before surging earnings has been the key success factor for…
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Renewables
RWE teams with Masdar for 3 GW British offshore wind project
German utility RWE has signed an agreement with Abu Dhabi-based renewable energy company Masdar to co-develop 3 GW Dogger Bank…
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