The National Shipping Company of Saudi Arabia Bahri announced that in connection with the fleet replacement program for the general cargo the Company has sold on 9 October 2013 its general cargo vessel Saudi Tabuk for scrapping, after completing her useful life, for a sum of SAR 29,171,467 generatin
Drydocks World & Maritime World, the leading service providers to the maritime and oil & gas sectors, announced today that they hosted a delegation of representatives of key French companies from Brittany under the aegis of the French Trade Commission Ubifrance of the French Embassy in UAE. The high
An experienced team of shipping, offshore and finance professionals has announced the intention to establish Maritime & Merchant Bank (“M&M’’) a niche financial institution dedicated to meeting the funding needs of owners active in the shipping and offshore industries, worldwide. The newly formed pr
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, has announced that it sent a high-level delegation to attend the National Maritime Salvage conference & expo that was held recently in Vir
Smit Lamnalco, a marine services company, and Abu Dhabi Petroleum Ports Operating Company, IRSHAD signed a two-year contract for DP2 AHTS vessel SL Labuan shortly after Dr. Sultan Ahmed Al Jaber, Minister of State and Chairman of Abu Dhabi Ports Company (ADPC) had inaugurated Middle East Workboats C
An estimated 90% of the world’s goods and products are shipped at some point in their lifecycle. The maritime shipping industry is enormous and is a linchpin of many other industries employing millions of people and enabling other businesses to thrive in the globally interdependent economy. Companie
His Excellency Dr. Sultan Ahmed Al Jaber, Chairman of Abu Dhabi Ports Company has inaugurated the fourth Seatrade Middle East Workboats and Offshore Marine conference. The event which is one of the largest specialized exhibitions for this vital sector in the GCC region, was held at the Abu Dhabi Nat
Maritime stakeholders and other interested parties are reminded that they have just one month in which to provide input to the International Maritime Organization (IMO) on the administrative burdens that may result from compliance with IMO instruments. A six-month consultation period will end on 31
Topaz Energy and Marine, a global offshore support vessel owner with key operations in the Middle East and Caspian today announced the appointment of Pernille Fabricius as Chief Financial Officer. Mrs. Fabricius’ career spans 25 years and she joins Topaz from her position as CFO of DAMCO, a global l
Dubai Maritime City Authority (DMCA) has announced the establishment of the UAE-German Maritime Majlis in cooperation with the German Emirati Joint Council for Industry & Commerce (AHK), during a special Business Dinner hosted by DMCA in Dubai under the patronage and in the presence of His Excellenc
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average 1.8 per cent in 2012. This compares with the 2.1 per cent average rise in costs recorded for the previous year. There was a significant reduction in costs acr
An IMO symposium on a Sustainable Maritime Transportation System, held on world Maritime Day (26 September 2013), provided an opportunity for a discussion on a global agenda for a sustainable maritime transportation system. The symposium reflected the world Maritime Day theme: “Sustainable Developme
IACS Chairman, Mr Cazzulo, speaking at the IMO WORLD MARITIME DAY SYMPOSIUM ON SUSTAINABLE MARITIME TRANSPORTATION SYSTEM, noted that IMO had recently supported in principle an IACS proposal for establishing an (Energy Efficient Design Index) “EEDI Database” for new ships being constructed in accord
Dubai Maritime City Authority (DMCA) has announced the launch of the Marine Craft Licensing Service in Dubai during a press conference held Wednesday, September 25, 2013) in the presence of dignitaries and industry experts. The first-of-its-kind launch complements the Resolution No. 11 of 2013 to is
