SERVICES

Middle East

“Gulf conflict would see oil prices spike, ease, jump again”
ZIM expands cooperation with the 2M Alliance
UK-flagged tanker reported “safe and well” after stop in Gulf
New Saudi ships to be built in South Korea

New Saudi ships to be built in South Korea

Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea

Negative spiral on shipbreaking / ANALYSIS
Iraqi oil minister expects 6-9 months OPEC output deal extension
Hyperloop reveals new guidelines

Hyperloop reveals new guidelines

Los Angeles - Hyperloop Transportation Technologies has met with officials from the United States Department of Transportation, USDOT, at HyperloopTT’s research facilities in Toulouse, France

Ship insurance costs soar after Middle East tanker attacks
Tanker attacks cause jitters among Gulf bond investors
Japan shipping company Kokuka Sangyo says its tanker was attacked in Gulf
Two 20,000 teu COSCO megaships at Khalifa Port

Two 20,000 teu COSCO megaships at Khalifa Port

Abu Dhabi - CSP Abu Dhabi Terminal, a container terminal built and operated by China’s COSCO Shipping Ports Limited (CSP) at Khalifa Port in partnership with Abu Dhabi Ports, has received two of the world’s largest mega-vessels within less than a month

Trump vs. Iran: Saudis say they will defend themselves
The gathering storm? / ANALYSIS

The gathering storm? / ANALYSIS

London - Not in a long time has the geopolitical situation in many of the worlds largest crude providers been so precarious. At the time of writing, many are still trying to understand the rationale behind the sabotage of vessels at Fujairah and drone attacks on Saudi Arabian pumping stations

Israel Shipyards presents coastal defense ships

Israel Shipyards presents coastal defense ships

Lima - Israel Shipyards Ltd. and SK Group member,a leading shipbuilding and repair company for the naval and commercial marine markets - presents its advanced solutions for seaborne interdiction and prevention of terrorist and illegal activities for navies, law enforcement and HLS forces, at SIDEF 2019

Saudi Arabia says oil facilities outside Riyadh attacked
Britain warns of Iran-U.S. conflict, Pompeo meets Europeans
Saudi Arabia says its oil tankers among those hit off UAE coast
As Houthis quit ports, Yemen awaits next peace steps
UAE says four vessels subjected to ‘sabotage’ near Fujairah port
Qatar to build more than 100 LNG ships
Turkey cannot quickly abandon Iranian oil, minister says as U.S. waiver ends
Iran says U.S. sanctions on its oil industry will damage market stability
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
Iraqi PM seeks sacking of local governor after Mosul boat capsize
Diversification means growth for DP World

Diversification means growth for DP World

Dubai - This week, DP World announced a year-over-year revenue increase that would be large for any sector, and perhaps exceptionally large for ports. Worldwide, the global terminal operator saw revenues rise by 20%

Iran hopes trade channel skirting U.S. sanctions will work within weeks
EU and Qatar reach aviation agreement
Dubai’s ENOC partners with India’s IOC to expand abroad
UAE eases Qatar shipping ban amid continuing dispute
DP World acquires P&O Ferries

DP World acquires P&O Ferries

Dubai - The terminal and logistic company DP World has announced the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of 322 million pounds, 421 million dollars

Sanctions on Iran dampen South Korean petchem exports
DP World’s growth slows down

DP World’s growth slows down

Dubai - Dubai’s port operator DP World handled 71.4 million TEUs in 2018, with gross container volumes growing by 1.9% year-on-year. The United Arab Emirates handles 15 million TEUs, down 2.7% compared to 2017

Disappointing factory activity threatens global growth
“International military action against piracy”
Oman Shipping mulls further ship investments

Oman Shipping mulls further ship investments

Muscat - Following last week’s order for two very large crude carriers (VLCC) placed with South Korean shipyard Daewoo Shipbuilding Marine Engineering (DSME), Oman Shipping Company is set on growing its fleet further

Iran discovers oil in Abadan region
A century on, Basra’s British-era shipyard going strong
Germany bans Iranian airline on suspicion of spying, terror
Erdogan: Turkey is ready to take over Syria’s Manbij
Pirate attacks multiply in the Gulf of Guinea

Pirate attacks multiply in the Gulf of Guinea

London - Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals

Qatar’s ports record highest annual growth

Qatar’s ports record highest annual growth

Doha - Qatar’s ports have delivered an impressive performance last year with all round growth in all the segments. The ports in the country achieved highest annual performance in containers, vessels and livestock segments in 2018

ENI acquires majority in two Abu Dhabi’s concessions
ZIM and 2M Alliance expand their cooperation
Saudi Arabia’s “biggest investment ever” in Pakistan
Aramco secures long term market for its oil
GAC to set up operations in Abu Dhabi

GAC to set up operations in Abu Dhabi

Abu Dhabi -Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial Zone Abu Dhabi (KIZAD)