Mr. Jannis Kostoulas, President Mare Forum visited to Dubai to review and discuss preparations for the upcoming 1st Mare Forum, Global Leaders Maritime Summit, Dubai 2014 to be held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai & Chairman
Sultan bin Salim al-Habsi, Secretary General of the Supreme Council for Planning and Chairman of Sohar Industrial Port stressed that Sohar Port is ready to receive all business and meet the needs of the large growth of the volume of cargo and marine activity. He added that almost 80% of the first st
United Arab Shipping Company (UASC) revealed that options for six additional 14,000 TEU vessels have been exercised bringing the total order to 16 ships. The order has been placed with Hyundai Heavy Industries (HHI) in Korea and is the largest in UASC’s history, worth over US$ 2 billion including al
New Container Vessels for COSCO COSCO Entities have entered into shipbuilding agreements worth US$434.5 million with China Shipbuilding Trading and Changxing Shipbuilding for the construction of five 9,400 TEU container vessels. Two Collisions off Singapore Following the oil spillage from two collis
Australia: Walker Shoal Dredging Completed, INPEX Says The most technically challenging phase of the Darwin Harbour dredging program is wrapped up, INPEX announced. CHEC Nabs Ras Al-Khair Port Dredging Contract (Saudi Arabia) On January 15, CHEC won the bid for Phase 4 of extension of Ras Al-Khair
The Azerbaijan International Operating Company (AIOC), operated by BP, announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the C
The World Ocean Council is partnering again with The Economist to help ensure ocean business community participation in these upcoming events: World Ocean Summit 2014 (Half Moon Bay, near San Francisco, 24-26 February 2014)and Arctic Summit 2014 (London, 4 March 2014). WOC is working with The Econom
Dubai – headquartered shipping company United Arab Chemical Carriers has bought two product tankers for an estimated amount of $57m, Arabian Supply Chain (ASC) reports. The 47,400-dwt Ocean Leo is worth $28m and the 47,300-dwt Zapphire is worth $29m. Both of them were built in 2010 at Onomichi Shipy
CMA CGM has launched the direct service Noura Express from Middle East to Somalia. The service will connect at Khor Fakkan with CMA CGM long haul services from / to worldwide to reach Mogadishu, Somalia. The Noura Express will start as of January 29th, 2014, with M/V CMA CGM KAILAS voyage DB227R, de
Gulf Navigation Holding PJSC (GNH) has confirmed that the company has entered into a Memorandum Of Agreement to sell two VLCCs, Gulf Sheba and Gulf Eyadah, to DHT Holdings Inc. for USD 98 Million in total. GNH is further coordinating the financial and legal process for completion of the sale and deli
Fendercare Marine Middle East announces the opening of their brand new, purpose built premises at Emirates Industrial City Sajaa, Plot No 146/16, PO Box 25896, Sharjah, UAE. Their new permanent premises will enable the company to offer an even wider range of products and services to both their exist
Etihad Etisalat (Mobily) announced the agreement to install a new submarine cable named AAE-1. The agreement was signed in Hong Kong with 17 operators, and the cable is expected to link countries of the Far East to Europe through the Middle East and Africa. The submarine cable will be layed over a d
This year’s Port Management Strategy Summit (11 – 12 February 2014, Dubai) will bring together distinguished maritime leaders to discuss and benchmark crucial issues on how to seize new opportunities with value-added port strategies in today’s market and creating maximum impact in the business. It w
DP World’s Jebel Ali Container Terminal 3 (T3), inaugurated yesterday by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is set to be the world’s largest semi-automated facility. With 19 highly sophisticated automated quay cranes a
