Maritime

COSCO Shipping and Abu Dhabi Ports launch dedicated container terminal
Chinese shipping giant COSCO and Abu Dhabi Ports have inaugurated the CSP Abu Dhabi Terminal at Khalifa Port, a dedicated container terminal for COSCO and its subsidiaries.
DP World closes acquisition of Unifeeder, boosting hinterland and multimodal ability
DP World chairman says group's focus will remain on port operations, but Unifeeder purchase diversifies capabilities and customer options.
Oman and Iran launch fourth direct container shipping service
The route between Iran’s port city of Jask and the Omani port of Al Suwaiq, joins three others already in operation.
Chinese engineering firm wins Saudi shipyard construction contract
The work assigned to PowerChina will cover an area of 4.5 km by 2.5 km and will be intended for the building of very large crude carriers (VLCCs), offshore drilling rigs, production platforms and other vessel types.
Seven sailors rescued after ship capsizes in Dubai storm
Dubai Police said in a statement that despite bad weather conditions, high sea waves and total darkness, teams of Dubai marine rescue and the Port Police Station carried out the successful rescue mission.
Saudi Arabia’s King Salman lays foundation stone for Arar Port mega-project
The port will be developed over an area of 1,666,771 square meters, almost the same size as the Principality of Monaco, with a total value of AED 254-million (US $69-million).
APL leverages Jebel Ali transhipment hub as it refines Asia-Gulf network
APL said the refinements are aimed at providing wider market coverage and better connectivity between the Far East and the Middle East.
SafeSTS Middle East completes five UAE ship-to-ship transfers for two oil majors
The first two transfers took place at the company’s Khor Fakkan C Anchorage, whilst the next three were at its Fujairah S Anchorage.
Albwardy Damen expands UAE services with new facility in Dubai Maritime City
With this move, Albwardy Damen anticipates an increase in operations and is optimistic of opportunities to foster strong relations with new clients says Lars Seistrup, managing director, Albwardy Damen.
Damen hands over four FCS 2610 vessels to Allianz during ADIPEC
The newly delivered FCS 2610 vessels will undertake work in the ADMA oil field in Abu Dhabi, providing logistics services and safe crew transfer, as part of a 5-yeard contract awarded to ADNOC LS and ADNOC Offshore.
DP World chairman issues trade warning due to US-China spat
Sulayem said that he believes financial institutions are becoming increasingly cautious and taking measures such as tightening lending in reaction to trade tensions, which is likely to negatively impact growth in emerging markets.
Saudi Arabia’s shipping giant Bahri looks for acquisitions in Middle East
Acquisitions in the pipeline will be financed from the company’s own funds and banking finance, the CEO said.

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