Middle East

According to Egypts 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…

Qatar is to place three contracts shortly as part of the $7.4bn development of a new port.

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.

Saudi Ports Authority has placed contracts worth $133m to develop and maintain its ports.

The Israeli port of Ashdod has confirmed that for every eight hour shift worked, two crane operators are employed to work each crane.

The recent tension between Iraq and Kuwait over the latters project to construct Mubarak Al-Kabeer Port close to the border with Iraq seems to have abated.