Middle East – Page 9
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News
Gulftainer ready to splash the cash
Gulftainer could invest $3bn over the next half a decade, chief executive Peter Richards has revealed.
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Khalifa upgrade contract awarded
The UAE-based National Marine Dredging Company (NMDC) has said it has been given a $268m contract to expand the country’s Khalifa Port.
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Chabahar fast-track to beat US sanctions
A deal to hand the operation of Iran’s Chabahar Port to India has been sped up after being hampered by a pay dispute and impending US sanctions on Iran.
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Saudi Navy stops attack on Jizan Port
The Royal Saudi Navy Forces have destroyed two explosive-laden Houthi boats targeting Jizan Port, according to a Saudi Press Agency report.
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NewsHodeidah fighting is choking port
Intensification of fighting around Hodeidah in Yemen is choking the port which the aid operation and the commercial markets depend on, a UN relief chief has stated.
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NewsFinTech platform to help test new ideas
Abu Dhabi Ports subsidiary Maqta Gateway and Abu Dhabi Global Market have partnered to launch a creative platform for FinTech innovator firms to develop and test new solutions.
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NewsEritrea considers new Red Sea port
Plans to construct a port on Eritrea’s Red Sea coastline indicate Eritrea’s re-emergence as a possible investor destination following the end of two decades of political tensions between the nation and Ethiopia.
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NewsIran’s PMO to launch 23 projects
Iran’s Ports & Maritime Organization (PMO) will inaugurate 23 development projects in the country’s ports during the Government Week (23–29 August), Islamic Republic News Agency has reported.
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NewsGulftainer CEO calls for collaboration
Greater collaboration in the maritime industry could turn challenges into opportunities, the group chief executive officer of Gulftainer has said.
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NewsHodeidah strikes could cut off port supplies
Airstrikes on the Houthi rebel-held port city of Hodeidah in Yemen are escalating the risk of food and humanitarian supplies from the port being cut off, a UN boss has warned.
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Mitsubishi to modernise Iraq port facilities
Mitsubishi Corporation (MC) has been awarded a circa US$110m port rehabilitation contract to modernise existing industrial port facilities around Basra.
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NewsHaifa and Ashdod workers end strike
Workers at Haifa and Ashdod ports have agreed to end a strike beginning 10 May which resulted in labour shortages and an ignored court order.
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NewsIran’s ports face return to harder times
The US withdrawal from the JCPOA (nuclear) agreement will mean the re-entry of direct sanctions against Iran’s port operators alongside those aimed at South Shipping and IRISL lines, according to UK P&I Club-Thomas Miller.
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NewsMSC signs 30-year concession with Abu Dhabi Ports for new Khalifa Port container terminal
Abu Dhabi Ports has signed a 30-year concession agreement with MSC Mediterranean Shipping Company to establish a new container terminal at Khalifa Port, UAE.
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NewsKBSP running at 45% capacity
Bahrain’s Khalifa Bin Salman Port (KBSP) is currently operating at 45% of its capacity.
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NewsTi: Middle East Gulf risks overcapacity
A report by transport research and analysis company Transport Intelligence (Ti) has claimed that the Middle East Gulf region could suffer from substantial overcapacity of container terminal infrastructure if all planned projects go ahead.
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NewsStatus quo at Yemen ports despite missile attack
A missile attack on a tanker proceeding in the Southern Red Sea has had no effect on the working status of ports in Yemen or the flow of ships in the region, according to an update from protection and indemnity insurer Gard.
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NewsBahrain’s KBSP to launch IPO
The operator of Bahrain’s Khalifa bin Salman Port (KBSP) has said it intends to launch an initial public offer (IPO) for the facility by the end of 2018.
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NewsUN calls for Yemen ports to remain open to aid
The UN Security Council has called for ports in Yemen to remain open to allow commercial and humanitarian imports to reach people in need of them.
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NewsDP World records strong 2017 results
DP World reported total revenue of $4.7bn and total profit of $1.2bn in 2017, marking increases of 13.2% and 7.3% respectively from 2016.
