Friday 25 July 2014
 
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Iraqi Kurdish oil nears US port despite concerns

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a US port, according to ship tracking satellites, despite Washington's long-standing concern over independent oil sales

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US firm wins key $35m reclamation deal in Bahrain

Great Lakes Dredge & Dock Corporation, a US-based dredging services provider listed on Nasdaq, has been awarded a Works Ministry contract valued at approximately $35 million.  

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Jubail port records 20pc increase in cargo

Jubail Commercial Port has recorded a 20 per cent increase in the total weight of cargo transported via its port during the first half of 2014 with more than 5 million tonnes compared to 4.2 million tonnes during the same period last year, sai

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Djibouti in legal row with DP World over port concession

Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded. "The resulti

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Saudi's Emaar EC port unit agrees $1.4bn capital hike

Emaar Economic City said on Sunday shareholders of its Port Development Company subsidiary agreed to an increase in capital to 5.21 billion riyals ($1.39 billion) to help finance the expansion of the kingdom's first privately-owned port.

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Gulftainer wins 35-year deal from Florida port

Gulftainer, a subsidiary of Crescent Enterprises and UAE-based port terminal operator, has won a 35-year concession from Port Canaveral in Florida to operate and develop its container and cargo terminal.   The mo

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Sohar port gears up to handle key operations

Sohar port has achieved a milestone with the arrival of the first 10,000 twenty-foot equivalent units (TEU) ship at the newly expanded Oman International Container Terminal (OICT).   “This is the first time

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Bahrain plans IPO for port operator

Bahrain plans an initial public offering (IPO) of shares in the company operating its Khalifa bin Salman port, the Ministry of Transportation said, in what could be the island kingdom's first big IPO since 2010. Though a listi

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Implement deal, Libya rebels tell govt

A rebel group in eastern Libya that controls several oil ports said it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade. In a sign of fur

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Jebel Ali Port's new inspection facility opens

DP World has inaugurated the largest and latest container inspection facility at its flagship Jebel Ali Port in Dubai. The new facility, which serves Jebel Ali Container Terminal 2, is one of the largest inspection facilities in t

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