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Middle East

Lebanese government faces calls to resign

Lebanese government faces calls to resign

Beirut - The Lebanese government faced calls to resign Thursday after thousands of furious demonstrators took to the streets across the country to protest dire economic conditions. Public anger has simmered since parliament passed an austerity budget in July to help trim a ballooning deficit

Saudi Arabia opens new logistic zone
Iran decries “cowardly attack” on oil tanker
Abu Dhabi Airports: a MoU with Beijing Daxing

Abu Dhabi Airports: a MoU with Beijing Daxing

Beijing - In the presence of His Excellency Sheikh Mohammad Bin Hamad Bin Tahnoon Al Nahyan, Chairman of Abu Dhabi Airports, Bryan Thompson, Chief Executive Officer of Abu Dhabi Airports, has signed a Memorandum of Understanding (MoU) with Yao Yabo, President of Beijing Daxing International Airport

DP World becomes a full logistic operator in Peru

DP World becomes a full logistic operator in Peru

Dubai - United Arab Emirates’s port operator DP World, has hailed the results of its operations in Peru, where it has evolved in two years from a greenfield terminal into a fully integrated maritime and logistics hub for South America

Iran oil tanker “hit by two missiles off Saudi coast”
Iran says detention of British tanker lifted
Iranian ports’ activity jumps by 3.6%
Qatar Petroleum and Shell in LNG venture
“Gibraltar acted in good faith over Adrian Darya 1”
Fire breaks out on tanker in Norway

Fire breaks out on tanker in Norway

Oslo - A fire onboard an oil tanker at Norway’s Sture crude export terminal broke out in the engine room of the Dubai Harmony tanker during loading at the Equinor oil terminal on Norway’s west coast

UAE award  refinery construction deal  to Spain

UAE award refinery construction deal to Spain

Dubai - The United Arab Emirates’ Brooge Petroleum and Gas Investment Co has awarded a contract to Spain’s SENER engineering group to build a new oil refinery in Fujairah. The plant will produce fuel that complies with new international laws capping sulphur content in shipping

“Middle East shipping stabilized by UK navy”
V.Group grows in the United Arab Emirates
“Adrian Darya 1” photographed off Syrian port
Iran seizes ship for alleged fuel smuggling
Seven of Stena Impero’s crew reach Dubai
Iran to release 7 crew members of detained British tankers
“Iran’s oil tanker no longer has Turkish destination”
Frontline’s blast-hit oil tanker seen back in operation in fourth quarter
Houthi drone attack on Saudi oilfield causes gas fire, output unaffected
Hormuz, shipping industry urges immediate action

Hormuz, shipping industry urges immediate action

Brussels - Following the seizure of the oil tanker “Stena Impero” on 19 July, the International Chamber of Shipping, the European Community Shipowners’ Associations and the Asian Shipowners’ Association urge immediate action by the international community

Azerbaijan rescues crew from Iranian ship
DP World to create a port in Indonesia

DP World to create a port in Indonesia

Dubai - United Arab Emirates’s DP World has announced it has signed two preliminary agreements with Indonesia’s leading conglomerate Maspion Group to create a 1.2 billion dollars container port

Stena Bulk says it spoke to seized tanker’s crew, all safe and well
Britain seeks European maritime mission to counter Iran’s “piracy”
UK calls seizure of ship a “hostile act”, Iran releases video of capture
“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