Sunday 23 April 2017
 
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P&O Ports wins 30-year concession for Somalia port

Dubai-based P&O Ports, a leading shipping and ports services provider, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia.  The appr

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P&O Ports wins $336m deal to develop Somalia port

Dubai-based P&O Ports, a leading shipping and ports services provider, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia.  The appr

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Mideast’s container shipping trade up 5pc

The container shipping trade, despite the global dips, saw the strongest – but still contracting –growth in the Indian subcontinent and Middle East regions at 5.1 per cent, according to a recent report. However, the gl

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DP World net income tops $1 billion

Dubai-based global marine terminal operator DP World has announced strong financial results from its global portfolio for the 12 months ending 31 December 2016, which saw the company achieve net income of over $1 billion for the first time.

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Agility profit up 10.6pc to 193m

Agility, a leading global logistics provider, reported a net profit of KD59.1 million ($193.15 million) for 2016, an increase of 10.6 per cent over the same period in 2015. Revenue for the year stood at KD1.234 billion and EBITDA

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Shipping alliance chooses DP World's UK ports for key routes

Global container shipping consortium ‘The Alliance’ has announced that all of its mainline UK calls will be handled by DP World, the Dubai-based global ports and logistics services company. The consortium of container

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StanChart closes 3 shipping deals worth $1.6bn

Standard Chartered Bank, a leading multinational banking and financial services company, has completed three shipping finance deals worth over $1.6 billion, for clients in Asia and the Middle East. These transactions highlight Sta

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Iran's annual exports to Oman to hit $600m by March

Iran's exports to Oman reached $390 million over the past seven months and is expected to rise to $600 million by the end of the Iranian year in March, head of the Iran-Oman Joint Chamber of Commerce said on Saturday. This is

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Saudi shipping company wins innovation award

National Shipping Company of Saudi Arabia (Bahri), a global leader in logistics and transportation, has won two awards at the 2016 Lloyd’s List Middle East & Indian Subcontinent Awards, held in Dubai, UAE. Bahri clinched

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Container shipping market sees positive trends: report

Norway-based Xeneta, a leading global benchmarking and market intelligence platform for containerised ocean freight, said that an analysis of third quarter (Q3) container shipping costs reveals positive trends for the beleaguered container carri

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