Middle East – Page 26
-
News
Salalah splashes out on equipment
Oman''s Port of Salalah is to invest $112m on supplying new handling equipment for recently commissioned berths, which will boost capacity from 4.5m teu to 6m teu.
-
News
Saudi traffic up
Overall, in the first quarter, ports in Saudi Arabia handled a combined 36.1m tonnes, 9.94% up on the previous year.
-
News
Israeli port reform
A tariff reform being considered for Israeli ports could save up to $290m over the next 10 years. In addition, port users willing to undertake operations outside normal daytime shifts will receive fixed discounts as an incentive.
-
News
DP World buy-back
DP World is to ask its shareholders for approval to buy back 581m of its shares. At the same time, it is considering issuing securities totalling $553m, equivalent to one third of its existing share capital.
-
News
Aqaba on the move
The government of Jordan has given the go-ahead for a $5bn relocation and upgrading of the Red Sea port of Aqaba and general development of the surrounding area.
-
News
APM quits Qasim
APM Terminals is to cede to DP World the 20% stake it holds in Qasim International Container Terminal. DP World is already the majority shareholder at QICT.
-
News
More contracts to come at Khalifa
After having awarded contracts worth $952m to build the initial phase of Khalifa Port, the government of Abu Dhabi has announced its intention to issue a new round of tenders covering additional construction work.
-
News
DP World inks Saudi deal
Developer Emaar EC and DP World have signed an agreement to build and manage a new port in Saudi Arabia at King Abdullah Economic City.
-
NewsNo moor vessel surge
Cavotec''s innovative vacuum-based mooring system has been introduced at APM Terminals'' container facility at the Port of Salalah, Oman.
-
News
Bahrain to triple throughput
Bahrain''s new Shaikh Khalifa bin Salman container port is expected to at least triple box traffic in the country within five years of commencing operations. It will replace Mina Salman as the main gateway port for containers. The new facility will have 15 m of draught and be able to ...
-
News
Gulftainer continues overseas expansion
United Arab Emirates-based terminal operator Gulftainer is currently negotiating with authorities in both Turkey and India with a view to assuming managerial responsibilities of maritime assets. Both container and general cargo traffic is reportedly being considered.
-
News
Haifa upgrades to 24-hour working
Haifa Port Company Ltd commenced 24-hour working as from February, effectively doubling the amount of time the terminal is open. The pilot programme is aimed at reducing congestion, with up to 300 containers shifting from daytime to night time handling.
-
NewsIsrael port ranking blow
A World Bank study has found that Israeli facilities lack efficiency compared with those in other countries, ranking them 33 out of 150.
-
NewsCarmel port construction choas
Dredging work on Israel''s Carmel port that was halted by the Ministry of Environmental Protection has not delayed development plans of the port, according to Israel Port Company.
-
News
Damietta invests $680m
The Egyptian port of Damietta is to invest $680m to improve existing installations and construct new quays to boost capacity to 4.5m teu.
-
News
JPC development plan
Jordan Ports Corporation has announced a three-year, $69m development plan involving upgrades to infrastructure, construction work, quay rehabilitation and improvements to dock services. In 2007, Jordan''s ports handled 17.8m tonnes, a 4% improvement over the previous year.
-
News
Chinese land Saudi contract
China''s Harbour Contracting Engineering Company in partnership with local company the Rafid Group has been awarded a $586.7m contract to undertake infrastructure work at Saudi Arabia''s proposed Ras Al-Zour port. To be completed by 2010 this development will serve local fertiliser and aluminium smelting complexes.
-
NewsBeirut looks to the sea
The port of Beirut authority is considering a $40m project to reclaim an area of 150,000 sq m.
-
NewsKGL rolls out ports fund
KGL Investment Company has established a $500m fund to finance port projects in emerging markets.
-
NewsSaudi seals new port construction deal
The Saudi Ports Authority has signed a $586m contract with China Harbour Engineering Company (CHEC) for the design and construction of a new port in Ras Al-Zour following an international bidding process.
