Thursday 28 August 2014

Dispute over unpaid port fees in Bahrain resolved

A dispute over unpaid fees between a port operator and eight companies has been resolved in Bahrain. It started when APM Terminals (APMT), the operator of Khalifa bin Salman Port (KBSP), allegedly refused to release cargo containers belonging to the firms after it billed them for


Emirates Transport posts $408m revenues

Emirates General Transport and Services Corporation has recorded a Dh1.5 billion ($408.3 million) in total revenues last year, maintaining an annual growth rate of 18 per cent over the part five years, said a report. The company has reported total assets of about Dh2 billion duri


New bid to solve containers row in Bahrain

Bahrain’s business leaders have pledged to investigate claims that a port operator has refused to release cargo containers belonging to eight major shipping companies in a dispute over unpaid fees. The port committee at Bahrain Chamber of Commerce and Industry (BCCI) is exp


GCC aluminium investments to hit $55bn by 2020

The investments in the aluminium sector across the Gulf region is poised to hit $55 billion by 2020, compared to $30 billion in 2011, mainly due to smelters' expansion and new projects in the region, said a report. Statistical data shows that the Gulf aluminium industry is gr


Bahrain port fees dispute may hit sea trade

Port authorities in Bahrain have allegedly refused to release cargo containers belonging to nine major shipping companies in a dispute over unpaid fees. APM Terminals (APMT), the operator of Khalifa Bin Salman Port (KBSP), has issued a warning to the shipping companies to pay out


New advisor for MSS Electrical’s Mideast expansion

UK-based MSS Electrical has welcomed Hassan Ramady, a well-respected GCC business consultant, as an advisor to its board. Headed by British brothers Gerard and Liam Hall, MSS Electrical comprises two distinct divisions - LED lighting and wiring accessories, One Electrical and cop


Asry signs key desalination plant project deal

Arab Shipbuilding & Repair Yard Company (Asry), a leading ship and rig repair yard in the Arabian Gulf, has agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant. The agreement, which has an estimated


Nakilat delivers 2 mooring boats for Ras Laffan port

Qatar-based Nakilat, a premier marine company, has delivered two 16-metre mooring boats built by shipbuilder Nakilat Damen Shipyards Qatar for towage operator Nakilat SvitzerWijsmuller. The two Stan Tug 1606 mooring boats — named Ras Al Allaj Qatar and Al Esaiwed— are


Intertek expands AeroCheck network into UAE

Intertek, a leading provider of quality and safety services to a wide range of industries, is expanding its global network of AeroCheck laboratories into the UAE. The UAE is a major and growing aviation hub for the Gulf and the Middle Eastern region, said a statement.

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