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shipyard and offshore

Negative spiral on shipbreaking / ANALYSIS

Dubai - The ongoing (and seemingly unending) decline being witnessed in the sub-continent markets showed no signs of slowing this week, with some truly pitiful performances seen from all locations. An analysis by GMS


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


Tanker attacks cause jitters among Gulf bond investors

Dubai - International bonds issued by Gulf Cooperation Council (GCC) states weakened on Thursday after two tankers were hit in suspected attacks in the Gulf of Oman, a month after a similar incident in which four tankers in the region were struck.


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

finance and politics

Trump vs. Iran: Saudis say they will defend themselves

Dubai - Saudi Arabia does not want war but will not hesitate to defend itself against Iran,a top Saudi diplomat said Sunday after the kingdom’s energy sector was targeted this past week amid heightened tensions in the Persian Gulf


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

shipyard and offshore

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


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

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