Middle East – Page 15
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NewsMilaha discuss rights issue
Milaha''s Board (Qatar Navigation) met recently to review the issue of new shares to existing shareholders, designed to increase the company''s paid up capital by 20%.
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Grand Faw project commences in Iraq
The government of Iraq has issued a tender for the construction of a breakwater to protect its planned $6bn Grand Faw Port development.
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NewsJebel Ali set to get rail link
The United Arab Emirates'' 1,200km rail network has secured the support of the region''s dominant operator, DP World.
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NewsSalalah invests to double capacity
Oman’s Ministry of Transport and Communication has invested $143m into an expansion project at the Port of Salalah with the aim of doubling the port''s general cargo capacity.
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NewsDivers clean up Abu Dhabi ports
Abu Dhabi Terminals (ADT) is demonstrating its commitment to protecting the marine environment - its just completed a two day diving campaign to clean up the seabeds of the Emirate’s ports and marinas.
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NewsShahama shifts focus to leisure
Abu Dhabi Ports Company (ADPC) has announced that Shahama Port is set for an upgrade – and Halcrow, US based design build consultancy, will be tasked with the job.
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Maersk to invest in Port Said channel
According to Egypt''s Ministry of Transport, AP Moeller-Maersk has indicated an interest in contributing towards the $83m project to build a navigation side channel at the Suez Canal Container Terminal at Port Said.
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Qatar to place contracts worth $7.4bn
Qatar is to place three contracts shortly as part of the $7.4bn development of a new port.
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NewsDoha leaves paper behind
A new state of the art terminal operating system (TOS) is in operation at Doha Port, Qatar – a strategic move into automation from a paper based operating system previously used to handle throughput at the terminal.
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NewsDP World rides the world’s markets
After getting its cash flow and net debt back under control as a result of good performance and the selling of 75% of its Australian operations, DP World has “a solid platform” underfoot, but there remain challenges.
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DP World splashes cash on loan repayment
Cash-rich DP World is to repay a $3bn loan outstanding under its revolving credit facility due to mature in October 2012. The repayments will take place between 4 and 10 April 2012.
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Controversy surrounds Israeli crane operators
The Israeli port of Ashdod has confirmed that for every eight hour shift worked, two crane operators are employed to work each crane.
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Iraqi tensions abate over new Kuwait port
The recent tension between Iraq and Kuwait over the latter''s project to construct Mubarak Al-Kabeer Port close to the border with Iraq seems to have abated.
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Saudis place port development contracts
Saudi Ports Authority has placed contracts worth $133m to develop and maintain its ports.
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DP World handles record 54.7m teu
DP World reached record throughput volumes in 2011, handling over 54.7m teu at its terminals around the world.
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NewsSokhna strike strife for DP World
Port workers at Egypt’s Sokhna’s Port began planned general strikes at the weekend, with the promise of strife for operator DP World.
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NewsSix accused over planned port attack
A planned attack on the hotly disputed Mubarak Port in Kuwait is the latest incident in a long line of protests against the development, which, Baghdad claims, will strangle its shipping lanes.
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Saudi Arabia woos Hormuz-reluctant shipping lines
The government of Saudi Arabia is making available its domestic ports so any shipping lines currently preferring not to enter the Strait of Hormuz can offload cargo there.
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NewsAden to renegotiate DP World concession?
Port Strategy has learnt from an industry source that there is speculation that the Yemeni government may be set to renegotiate the concession agreement signed by DP World and Aden Port Authority.
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GCC commits $15bn to ports
Ports in the Middle East Gulf are set to spend $15bn over the next five years in boosting capacity.
