United Arab Emirates
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Middle East
Topaz secures six-vessel contract from Dragon Oil worth $100m
Dubai-based OSV operator Topaz Energy and Marine has announced a new $100m contract with Dragon Oil, a subsidiary of Emirates…
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Greater China
Abu Dhabi Ports signs $300m investment agreement with China
Abu Dhabi Ports has signed an investment cooperation agreement with China’s Jiangsu province to strengthen economic ties and build investment…
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Middle East
Gulf Navigation raising $250m for further fleet expansion
Dubai’s Gulf Navigation Holding is looking to raise $250m through sale of sharia-compliant bonds this year, its group chief executive…
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Middle East
Abu Dhabi Ports takes control of Fujairah
Abu Dhabi Ports has signed a 35-year concession to develop and manage the Port of Fujairah, taking over from Dubai-based…
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Middle East
Alco Shipping disputes crew abandonment claims
A few weeks after the case of four ships abandoned in the UAE waters, the Middle Eastern company Alco Shipping…
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Europe
Hapag-Lloyd deflects Qatar concerns, vows ‘smooth transition’ with UASC
German containerline Hapag-Lloyd has issued a statement today vowing that its integration with United Arab Shipping Co (UASC) is proceeding…
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Middle East
ITF targets DP World
A new global union alliance formed of unions based in DP World terminals has vowed to raise standards in health…
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Greater China
Tomini Shipping orders ultramax trio at China Shipping Industry
Dubai bulker operator Tomini Shipping has placed an order at China Shipping Industry Jiangsu for the construction of three 64,000dwt…
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Middle East
Hapag-Lloyd to let go of more than 1,300 staff
Hamburg-based Hapag-Lloyd has confirmed reports that 12% of its 11,000 land-based staff will be made redundant in the wake of…
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Middle East
Crew of four ships abandoned for years in UAE waters
A newspaper from the United Arab Emirates has outlined the terrible conditions for a number of Indian seafarers abandoned off…
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Europe
DP World-led consortium in talks for Fesco stake
Summa Group, the holding company of Russian billionaire Ziyavudin Magomedov, is negotiating a minority stake sale in one of Russia’s…
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Middle East
Dubai plans $1bn shipping fund
Dubai is planning a $1bn shipping investment fund, according to Reuters. State-run Dubai Maritime City Authority is leading the project…
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Europe
Hapag-Lloyd and UASC complete merger
Hapag-Lloyd and United Arab Shipping Company have completed their merger. The new Hapag-Lloyd, one of the top five global carriers,…
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Middle East
Three bidders vie for UACC
Bahri, the giant Saudi tanker owner, Milaha, the diverse Qatari maritime conglomerate and an unidentified UAE firm have all been…
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Middle East
Blue Lines offloads aframax
Dubai-based owner Blue Lines Shipping continues to downsize its tanker fleet. According to broker sources, the company has sold its…
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Asia
Pacific Radiance sets up Middle East JV with Allianz
Singapore’s Pacific Radiance has set up a JV with Dubai-based Allianz Marine as it looks for new avenues to increase…
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Middle East
Saudi Aramco awards platform contract to NPCC
Saudi Aramco has awarded a contract to UAE’s National Petroleum Construction Company (NPCC) for the construction of four offshore platforms…
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Middle East
Topaz wins European work for MPSV
UAE-based offshore support vessel company Topaz Energy and Marine has won a charter, commencing today, for its multi-purpose supply vessel…
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Middle East
Fire hits product tanker at Al Hamriyah port, Indian seafarer killed
An Indian seafarer has died after a fire broke out on a product tanker, identified as (AIS name Rojean), on…
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Middle East
Bowled over again by poor crisis response
When it popped in my inbox it took a couple of watches to get my head around it. As I…
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