SERVICES

Europe

The Shipowners’s Club slips in the red zone
Hi-tech simulation centre to open in England
Denmark uses drones to detect emissions
Shipbuilders make a deal on connectivity
Shipping industry welcomes EU’s step towards less bureaucracy

North Africa

Five Algerian billionaires arrested

Five Algerian billionaires arrested

Algiers - Five Algerian billionaires,some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, Algerian state TV said on Monday. The five are Issad Rebrab, considered the richest businessman in the energy-rich north African nation

Thousands of Moroccan teachers stage protest over pay terms
Defiant judges, clerics pile pressure on Algeria’s Bouteflika
Algeria orders early university holiday as students spur protests
Libya dreams of mega port in history-laden east

Libya dreams of mega port in history-laden east

Sisah - Texas-based security firm Guidry Group confirmed to Reuters it planned to sign a 35-year deal to build and operate the project in a region once occupied by the ancient Greeks, before handing it back to the local authority.

Middle East

Djibouti orders to pay DP World $530M

Djibouti orders to pay DP World $530M

Djibouti - A court in London has awarded global ports operator DP World $385 million in compensation for the government of Djibouti’s decision to shut it out of previously-agreed development opportunities. When adding in unpaid royalties, the total award comes to $533 million

Three killed in submarine explosion

Three killed in submarine explosion

Bandar Abbas - Three staffers in Iran’s defense industries have been killed in an explosion in a submarine under construction in the country’s south. The explosion took place at a ship-building factory about 37 kilometers west of the southern port of Bandar Abbas that overlooks the Strait of Hormuz

Iraq orders arrest of ex-governor after deadly ferry sinking
Stalled Aramco IPO sets back deal-making at Motiva

Stalled Aramco IPO sets back deal-making at Motiva

Houston - Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time when its rivals grew their market share

Iraqi parliament sacks local governor after Mosul boat capsize

Black Sea

Ukraine enters uncharted new era / FOCUS

Ukraine enters uncharted new era / FOCUS

Kiev - Ukraine entered uncharted political waters on Monday after near final results showed a comedian with no political experience and few detailed policies had dramatically up-ended the status quo and won the country’s presidential election by a landslide

EU urges new Ukraine leader to push reforms
NCSP Group up 5%

NCSP Group up 5%

Novorossiysk - The aggregate throughput of the stevedoring companies incorporated in Novorossiysk Commercial Sea Port Group made 23.4 mn tons during January-February 2019 growing 4.9% year-on-year. Novorossiysk-based assets of the group handled over 14.1 mn tons

Kerch Strait: 3 Russian shipyards sanctioned

Kerch Strait: 3 Russian shipyards sanctioned

Kerch - Canada, the United States and the EU have imposed new sanctions on Russian entities in response to the Kerch Strait incident, including three shipyards. The sanctions are a response to the encounter between Russian border forces and three Ukrainian Navy vessels at Kerch Strait in November

Russia will build 7 ships and 4 submarines

Russia will build 7 ships and 4 submarines

Moscow - Russia will build a total of seven ships and four submarines for its Navy in 2019, minister of Defense Sergei Shoigú said Tuesday: “The naval construction program … foresees in 2019 the construction of four submarines – three nuclear and one diesel-electric – and the repair of seven warships and auxiliary ships”