Israel’s shipping company ZIM reported a net profit of USD 23 million for the second quarter of 2015, compared to a loss of USD 50 million in the same quarter last year. The company kept its positive results from the first quarter when it posted a sharp improvement in its business results as its non
Israel’s shipping company ZIM reported a net profit of USD 23 million for the second quarter of 2015, compared to a loss of USD 50 million in the same quarter last year. The company kept its positive results from the first quarter when it posted a sharp improvement in its business results as its non
The port of Aden has opened after being shut down for four months due to armed clashes in the country, according to a circular issued by Yemen Gulf of Aden Ports Corporation. As informed, Aden has received more than ten vessels since the cessation of hostilities. The port operations were inaugurated
The port of Aden has opened after being shut down for four months due to armed clashes in the country, according to a circular issued by Yemen Gulf of Aden Ports Corporation. As informed, Aden has received more than ten vessels since the cessation of hostilities. The port operations were inaugurated
Work in the port of Beirut stopped on August 13th as workers staged a cautionary strike over serious health and safety concerns following the dumping of rubbish near the port. “We will not accept our port becoming the capital’s dumping ground. The health of all who enter the port is at risk, workers
Work in the port of Beirut stopped on August 13th as workers staged a cautionary strike over serious health and safety concerns following the dumping of rubbish near the port. “We will not accept our port becoming the capital’s dumping ground. The health of all who enter the port is at risk, workers
Global liner schedule reliability in the second quarter of 2015 improved to 76.5% from 69.6% in the previous quarter, improving 1.8 percentage points on a year-on-year level, as reported by maritime analyst SeaIntel. In 2015-Q2 all top-20 carriers recorded an increase in schedule reliability over 20
Global liner schedule reliability in the second quarter of 2015 improved to 76.5% from 69.6% in the previous quarter, improving 1.8 percentage points on a year-on-year level, as reported by maritime analyst SeaIntel. In 2015-Q2 all top-20 carriers recorded an increase in schedule reliability over 20
The port development sector in the Middle East is witnessing considerable growth and mega projects across the region have been gaining increasing attention as to how these projects will be delivered. Moreover, it has been estimated that the Gulf countries are allocating $36 billion to further develo
Blackbird International Corporation (BBRD), a sole shareholder of the Israeli wave energy player WERPO, has announced that it will pay a dividend to the shareholders on December 31, 2015. Schmuel Ovadia, WERPO’s Director and Inventor of its technology, said: “We believe the common shares of BBRD are
Amec Foster Wheeler has been awarded an extension to its existing Project Management Consultancy (PMC) contract for the UZ750 project in the Upper Zakum (UZ) field, located 84 kilometres north-west of Abu Dhabi. The value of the contract has not been announced. The contract was awarded by the Zakum
The 2M container shipping giants, Danish Maersk Line and Mediterranean Shipping Company (MSC) have signed a cooperation agreement with Israel’s Haifa port. The ships of the combined fleet are to call at Haifa once a week on their way from China, South Korea, and Singapore to the Adriatic sea, local
The 2M container shipping giants, Danish Maersk Line and Mediterranean Shipping Company (MSC) have signed a cooperation agreement with Israel’s Haifa port. The ships of the combined fleet are to call at Haifa once a week on their way from China, South Korea, and Singapore to the Adriatic sea, local
Eco Wave Power, an Israeli wave energy developer, has closed the first round of fundraising led by Pirveli Venture, where the company gathered investment in the amount of $2 million. The fundraising follows the completion of the second generation wave power plant in Jaffa Port, Israel, in July this
