Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors, received Tatweej Academy’s Award for Excellence at the 7th Tatweej Arab Business Leaders and Leading Organisations, for being one of the pioneering institutions in the Arab World on q
Abu Dhabi Ports Company (ADPC) has invested more than AED 27 millon (approx. USD 7.4 million) in the Al Gharbia region of Abu Dhabi over the last year. ADPC has five ports in the region; Marfa, Al Sila, Sir Bani Yas, Mugharrag, and Delma. As part of its remit as master developer of the non-oil [&hel
At the start of 2014, an agreement was reached between Huta Marine Works, the leading marine contractor in Saudi Arabia, and the Training Institute for Dredging (TID) and IHC Parts & Services – both part of the IHC Merwede group. This agreement concerns the delivery of an extensive life-cycle suppor
Liner shipping is becoming less and less reliable as operators ignore service standards in the rush to cut costs. The bad news for shippers is that the situation is only going to get worse, according to Drewry’s newly published Carrier Performance Insight report. Containership reliability worsened i
DP World Limited handled 55 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2013, with gross container volumes growing by 0.7% on a like-for-like basis. The second half of the year delivered a stronger performance with volumes growing 3.6% on the
TRACE International and DA-Desk FZ-LLC revealed a partnership to create greater transparency in the shipping industry. The first-of-its-kind shipping industry partnership pairs TRACE, the worldwide leader in setting the standard for global compliance due diligence, with DA-Desk, the largest independ
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
DP World welcomed the container vessel CMA CGM Kailas on its first call at Jebel Ali Port, marking a new service between the UAE and Somalia, supporting trade links and the growth of the Somali economy. Noura Express, as the service is known, is the second container shipping service connecting Dubai
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
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
