Middle East – Page 19
-
News
Investment grows for Middle East Gulf ports
Nearly all of the 35 ports in the Middle East Gulf region are currently undergoing expansion, with $46.5bn already committed. This follows $38.2bn invested up to 2008 and $38.5bn alone in 2009.
-
News
Israel starts Eilat privatisation process
Israel''s Government Companies Authority has begun the process to privatise the port of Eilat. Bids can be made up until May 19 for a 100% stake in Eilat Port Company Limited.
-
News
DP World proposes share consolidation
DP World is to pitch a one for 20 share consolidation to shareholders at its annual meeting on 11 May.
-
NewsPotent plans for Abu Dhabi
A number of new port developments are planned in the Western (Al Gharbia) region of Abu Dhabi, adding to the emirate’s aggressive port expansion plans.
-
NewsNew Basra super port mooted
Iraq''s Transport Minister has announced that a tender will be issued by the end of this year for a multi-billion-dollar port south of the city of Basra.
-
News
No bond issue for ADPC
Abu Dhabi Ports Company has ditched its planned bonds issue later this year after failing to raise the necessary $7.2bn for its Khalifa Port and Industrial Zone development from private lenders.
-
News
DP World rejects debt crisis
DP World has denied that it is in talks to restructure the company and seek new terms for its debt. Rumours arose following its decision to sell off its equity stake in Australian ports. However, the company says this was simply to allow it to concentrate on faster growing markets.
-
NewsEgyptian terminals dealing with backlog
Against an unpredictable political situation, Egyptian ports and terminals were still on their feet and working to clear congestion in February – although this could change with little notice.
-
News
DP World quits Mina Zayed
DP World has ceded management of Mina Zayed to Abu Dhabi Terminals. It had previously enjoyed a five-new management contract at the site. ADT is a joint-venture between Abu Dhabi Ports Company (75%) and Mubadala Infrastructure Partners (25%). However, DP World will continue in the joint-venture it currently enjoys at ...
-
News
DP World volumes up
DP World announced it handled 49.6m teu across its 50 terminals in 2010, an increase of 14% against the prior year.
-
News
DP World – a model worth studying
American business students would learn a great deal from DP World’s business model: that’s the conclusion from a group of academics from some of America’s leading universities who visited the company’s HQ and facilities at Jebel Ali.
-
News
Yanbu dry bulk facility
Saudi Ports Authority has signed a $36m contract to build a dry bulk berth at Yanbu commercial port. Work will take no more than 24 months.
-
News
Syria to upgrade ports
Syria has announced a budget of $800m to develop its ports and shipping industry by 2015, partially driven by the reconstruction of neighbouring Iraq.
-
News
Chinese to foster Iranian port
Iran Cooperative Chamber and China''s Chamber of Commerce in the Middle East have signed a contract which will see the latter build a third-generation port in Iran. This will be in cooperation with the Bandar Sazan-e Genaveh company.
-
News
T3 go ahead at Jebel Ali
Because of rising demand, DP World is to commence construction of Terminal 3 at Jebel Ali Port, although it is unlikely it will open before the end of the current year.
-
News
Gulftainer records another 10% rise
After gaining a 10% rise during 2009''s downturn, Gulftainer''s UAE facilities Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) have againe increased volumes by another 10% to just over 3 million teu, says the company.
-
News
Salalah draws in the masses
The Port of Salalah has confirmed that it has received bids from 19 companies interested in building a major new general cargo terminal and liquid jetty. The estimated cost is $181m.
-
News
DP World returns to 2008 levels
In the first nine months of 2010, DP World global traffic rose 15% to 36.7m teu, marking a return to 2008 levels.
-
NewsJebel Ali maintains position despite downturn
Once clearly streets ahead as a regional port, Jebel Ali took a hit in the economic downturn, with decline in origin and destination cargo being more pronounced in Dubai than in other Emirates ports.
-
NewsTranshipment deals for Salalah
The Port of Salalah has, alongside its general cargo offering, attracted a degree of transhipment so it is now in the process of adding to its feeder network in order to support lines without their own service.
