The National Shipping Company of Saudi Arabia (Bahri) has signed a Contract of Affreightment (COA) with South Korean S-Oil Corporation on Wednesday, April 8th, 2015 for a period of ten years. Under the deal Bahri has been contracted to transport crude oil cargoes on VLCCs from the Arabian Gulf and R
A Taiwanese container carrier Evergreen Line is partnering with the Dubai-based feeder operator Simatech on a joint Chennai-Colombo-Gulf Service (CCG) service next month to improvine its service on the India – Gulf trade. The CCG service will utilize four container ships of around 2,000 TEU each; on
Sixteen sailors have been left to their own devices for months after their vessel MT Surya Kuber got seized in Bahrain due to unpaid debts. The crude oil tanker was banned by a court order in February from leaving the country as its Singapore-based owner 7Seas Ship Management failed to pay Arab Ship
Abu Dhabi Ports company has moved its RORO cargo from Abu Dhabi to the new Khalifa Port RORO hub amid growing demand for this type of service. In 2014, for the first time ever, Abu Dhabi handled more than 100,000 units in a single year, recording an all-time high of 106,071 units. The RORO volumes g
Royal Dutch Shell and BG Group have agreed on a GBP 47 billion (USD 69.6 bn) cash and share offer to be made by Shell for the entire issued and to be issued share capital of the British oil and gas company. Shell expects the deal to accelerate its growth strategy in global LNG and deep water, as [&h
The shipping industry cannot invest in environmental and social improvements required by regulators unless it is commercially viable, the International Chamber of Shipping Director of Policy and External Relations Simon Bennett said at a United Nations panel meeting in New York. ICS noted that the c
This video, produced by Hitachi Ltd., documents the delivery and assembly of two Hitachi Construction Machinery EX-1900-6 BH Excavators to Qatar for the New Port Project. The large excavators, with operating weights of 191 tonnes, have bucket capacities of 12m³. Delivered with three buckets: two 5.8
Zayed Port, a commercial deep-water port owned by the Abu Dhabi Ports, welcomed Dockwise White Marlin, a semi-submersible heavy transport vessel built in 2015. The 72,000 DWT Dockwise White Marlin is the widest heavy lift vessel to have ever visited the port. The vessel features an overall length of
The International Association of Dredging Contractors (IADC) has released its new ‘Facts About’ publication on Site Investigations. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging and maritime construction subjec
Qatar Navigation (Milaha) Q.S.C, a shareholding company with core interests in maritime transport and logistics, ended the 2014 fiscal year on a very profitable note. Milaha’s net profit for 2014 reached QR 1,049 million (around USD 288 m), a 10% increase over 2013, driven predominantly by strong pe
The passage of ships through the Suez Canal has not been affected by the ongoing military clashes in Yemen, according to a Suez Canal Authority (SCA) official. “Since the military operation in Yemen was launched last week, revenues from the Suez Canal, along with marine traffic, has been normal comp
Qatargas sold its first cargo of liquefied natural gas (LNG) to Pakistan State Oil Company Limited (PSO), representing the first LNG agreement between Qatar and Pakistan and the first ever LNG import deal for any entity in Pakistan. The LNG cargo was sold on a free-on-board basis and loaded at Ras L
Costa Concordia Used for Cocaine Smuggling Large quantities of cocaine are reported to had been smuggled on board the most luxuries ships sailing the high seas, a recent investigation by Italian authorities shows…. Read more Cruise Passenger Dies whilst Boarding Queen Elizabeth A passenger died on W
Dutch Terminal Investment Limited (TIL) has been selected winner of the tender to operate South Port in Ashdod, Israel. The contenders for the port tender were two international companies: TIL and a group led by EUROGATE, German-based operator of container terminals. The new port is set to start ope
