Iran seized a British-flagged, Swedish-owned oil tanker while transiting the Strait of Hormuz Friday.
Kitack Lim said that threats to ships and their crews “are intolerable”.
The country wants to increase the number of ships calling at its ports and transiting Suez Canal.
The port has options to purchase a further nine similar cranes.
Sohar LNG Bunkering Project would establish Oman as a regional LNG bunkering hub.
Qatargas has set another milestone as it successfully delivered the 3,000th LNG cargo to Japan.
The company’s profit increased to QAR 476 million in the first half of 2019, a rise of 7%.
Gibraltar, the UK would facilitate the release of the detained Iranian Grace 1 if there are certain guarantees.
Hapag-Lloyd is to implement a vessel risk surcharge (VRS) following recent maritime incidents.
Abu Dhabi Ports, Mauritius Ports Authority aim to enhance the maritime sector across the Indian Ocean.
Cape Taweelah’s arrival marked the first memorable visit of a fully-laden Capesize vessel at a GCC port.
DP World acquired Topaz Energy and Marine Limited for an enterprise value of USD 1,079 million.
Wider conflict with Iran would be negative for most types of ships and for the oil markets in general.
UAE would will work with allies to defuse and deescalate current threats in the Middle East.
