Sunday 20 April 2014
 
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New bill on safety of light cargo vessels approved

A new law covering safety regulations for light cargo ships was approved yesterday by Bahrain's Shura Council.    Under existing law, Coastguards can only deal with ships below 150 tonnes while internati

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Strategic Marine delivers first vessel to Oman

Strategic Marine, a leading specialist shipbuilder in Asia, has launched the Shanna, its first of two 45-metre ro-pax catamarans to the National Ferries Company of Oman. The vessel is the first of its kind built by Strategic at it

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Multi-purpose vessel demand up for offshore projects

The regional maritime industry is facing a demand surge for multi-purpose vessels as the offshore sector faces a dramatic growth, said a report. It revealed that the Abu Dhabi Marine Operating Company (Adma-Opco) and Zakum Develop

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Al Marakeb launches cabin vessel

UAE boat builder Al Marakeb has launched its first cabin vessel, the Scylla 35. The Scylla 35 has the same hull dimensions and motor specifications as the company’s Triton 35 model, but comes with an added cabin providing fe

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Iran offers India $1bn guarantee for oil shipments

Iran has offered to underwrite insurance for its vessels to keep oil exports to India flowing, after New Delhi asked for assurances to help halt a fall in shipments. Letters seen by Reuters show Iran is offering sovereign guarante

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Offshore oil and gas safety in focus

The pressing need to improve the safety of offshore assets and crew in the region will be addressed at a forum, to be held next week in Abu Dhabi. The Offshore Support Vessel Technology 2013 Forum, organised by IQPC Dubai, will be

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Abu Dhabi Ports registers solid growth

Abu Dhabi Ports Company (ADPC), a master developer and manager of commercial ports and industrial zones in the emirate, witnessed solid in 2012 with its maritime traffic rising significantly by 41.4 per cent from 56,510 units to 79,906 units.

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NPCC wins $100m funding for new vessel

The National Bank of Abu Dhabi (NBAD) has signed a deal with UAE-based National Petroleum Construction Company (NPCC) to provide the company a $100 million financing for the construction of a new vessel. NPCC is owned by the Gener

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GEM in major fleet expansion

Gulf Energy Maritime (GEM), a leading, independent chemical tanker company based in Dubai, said it has taken the delivery of 'Gulf Valour,' its second Aframax vessel (an oil tanker smaller than 120,000 MT and with a breadth above 32.31 m

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Iran 'has mostly overcome sanction challenges'

Western sanctions on Iran's shipping and energy sectors caused serious problems for its oil industry earlier this year but Iran has mostly overcome those challenges, Oil Minister Rostam Qasemi was quoted as saying on Sunday. I

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