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Abu Dhabi Ports registers solid growthAbu 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. More… |
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NPCC wins $100m funding for new vesselThe 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 More… |
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GEM in major fleet expansionGulf 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 More… |
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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 More… |
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Less Iranian oil passing through SuezThe number of Iranian crude vessels passing through Egypt's Suez Canal has dropped this year as Western sanctions bite, an official from the Suez Canal Authority said on Tuesday. 'I can say there's been a 5-6 per cent drop in I More… |
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Inmarsat launches FleetBroadband serviceInmarsat, a leading provider of global mobile satellite communications services, has launched a new service that will allow up to 9 simultaneous telephone calls to be made through a single FleetBroadband terminal. The new capability, Fleet More… |
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Inmarsat launches FleetBroadband serviceInmarsat, a leading provider of global mobile satellite communications services, has launched a new service that will allow up to 9 simultaneous telephone calls to be made through a single FleetBroadband terminal. The new capability, Fleet More… |
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UTEC Survey secures $3m vessel dealUTEC Survey, one of the largest independent offshore survey companies, said it has won deals worth $3 million which sees the utilization of additional vessels in the West Africa and Gulf region. The Houston-based company also provides More… |
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Customs strike halts Kuwait oil shipmentsAll vessel traffic in and out of Kuwaiti ports is halted and oil tanker traffic has stopped on Monday as Kuwait customs union went on a strike, two shipping sources based in Kuwait said. 'All vessel movements in and out of Kuwaiti port More… |
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DP World 'likely to post higher H1 profit'Analysts at UBS and Nomura expect port operator DP World's first-half profit to be higher due to a rise in container volumes and better margins. The company, which is the world's third-largest ports operator, More… |
