SERVICES

Middle East

“Gibraltar acted in good faith over Adrian Darya 1”
Fire breaks out on tanker in Norway

Fire breaks out on tanker in Norway

Oslo - A fire onboard an oil tanker at Norway’s Sture crude export terminal broke out in the engine room of the Dubai Harmony tanker during loading at the Equinor oil terminal on Norway’s west coast

UAE award  refinery construction deal  to Spain

UAE award refinery construction deal to Spain

Dubai - The United Arab Emirates’ Brooge Petroleum and Gas Investment Co has awarded a contract to Spain’s SENER engineering group to build a new oil refinery in Fujairah. The plant will produce fuel that complies with new international laws capping sulphur content in shipping

“Middle East shipping stabilized by UK navy”
V.Group grows in the United Arab Emirates
“Adrian Darya 1” photographed off Syrian port
Iran seizes ship for alleged fuel smuggling
Seven of Stena Impero’s crew reach Dubai
Iran to release 7 crew members of detained British tankers
“Iran’s oil tanker no longer has Turkish destination”
Frontline’s blast-hit oil tanker seen back in operation in fourth quarter
Houthi drone attack on Saudi oilfield causes gas fire, output unaffected
Hormuz, shipping industry urges immediate action

Hormuz, shipping industry urges immediate action

Brussels - Following the seizure of the oil tanker “Stena Impero” on 19 July, the International Chamber of Shipping, the European Community Shipowners’ Associations and the Asian Shipowners’ Association urge immediate action by the international community

Azerbaijan rescues crew from Iranian ship
DP World to create a port in Indonesia

DP World to create a port in Indonesia

Dubai - United Arab Emirates’s DP World has announced it has signed two preliminary agreements with Indonesia’s leading conglomerate Maspion Group to create a 1.2 billion dollars container port

Stena Bulk says it spoke to seized tanker’s crew, all safe and well
Britain seeks European maritime mission to counter Iran’s “piracy”
UK calls seizure of ship a “hostile act”, Iran releases video of capture
“Gulf conflict would see oil prices spike, ease, jump again”
ZIM expands cooperation with the 2M Alliance
UK-flagged tanker reported “safe and well” after stop in Gulf
New Saudi ships to be built in South Korea

New Saudi ships to be built in South Korea

Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea

Negative spiral on shipbreaking / ANALYSIS
Iraqi oil minister expects 6-9 months OPEC output deal extension
Hyperloop reveals new guidelines

Hyperloop reveals new guidelines

Los Angeles - Hyperloop Transportation Technologies has met with officials from the United States Department of Transportation, USDOT, at HyperloopTT’s research facilities in Toulouse, France

Ship insurance costs soar after Middle East tanker attacks
Tanker attacks cause jitters among Gulf bond investors
Japan shipping company Kokuka Sangyo says its tanker was attacked in Gulf
Two 20,000 teu COSCO megaships at Khalifa Port

Two 20,000 teu COSCO megaships at Khalifa Port

Abu Dhabi - CSP Abu Dhabi Terminal, a container terminal built and operated by China’s COSCO Shipping Ports Limited (CSP) at Khalifa Port in partnership with Abu Dhabi Ports, has received two of the world’s largest mega-vessels within less than a month

Trump vs. Iran: Saudis say they will defend themselves
The gathering storm? / ANALYSIS

The gathering storm? / ANALYSIS

London - Not in a long time has the geopolitical situation in many of the worlds largest crude providers been so precarious. At the time of writing, many are still trying to understand the rationale behind the sabotage of vessels at Fujairah and drone attacks on Saudi Arabian pumping stations

Israel Shipyards presents coastal defense ships

Israel Shipyards presents coastal defense ships

Lima - Israel Shipyards Ltd. and SK Group member,a leading shipbuilding and repair company for the naval and commercial marine markets - presents its advanced solutions for seaborne interdiction and prevention of terrorist and illegal activities for navies, law enforcement and HLS forces, at SIDEF 2019

Saudi Arabia says oil facilities outside Riyadh attacked
Britain warns of Iran-U.S. conflict, Pompeo meets Europeans
Saudi Arabia says its oil tankers among those hit off UAE coast
As Houthis quit ports, Yemen awaits next peace steps
UAE says four vessels subjected to ‘sabotage’ near Fujairah port
Qatar to build more than 100 LNG ships
Turkey cannot quickly abandon Iranian oil, minister says as U.S. waiver ends
Iran says U.S. sanctions on its oil industry will damage market stability
Djibouti orders to pay DP World $530M

Djibouti orders to pay DP World $530M

Djibouti - A court in London has awarded global ports operator DP World $385 million in compensation for the government of Djibouti’s decision to shut it out of previously-agreed development opportunities. When adding in unpaid royalties, the total award comes to $533 million

Three killed in submarine explosion

Three killed in submarine explosion

Bandar Abbas - Three staffers in Iran’s defense industries have been killed in an explosion in a submarine under construction in the country’s south. The explosion took place at a ship-building factory about 37 kilometers west of the southern port of Bandar Abbas that overlooks the Strait of Hormuz

Iraq orders arrest of ex-governor after deadly ferry sinking
Stalled Aramco IPO sets back deal-making at Motiva

Stalled Aramco IPO sets back deal-making at Motiva

Houston - Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time when its rivals grew their market share

Iraqi parliament sacks local governor after Mosul boat capsize
Iraqi PM seeks sacking of local governor after Mosul boat capsize
Diversification means growth for DP World

Diversification means growth for DP World

Dubai - This week, DP World announced a year-over-year revenue increase that would be large for any sector, and perhaps exceptionally large for ports. Worldwide, the global terminal operator saw revenues rise by 20%

Iran hopes trade channel skirting U.S. sanctions will work within weeks
EU and Qatar reach aviation agreement
Dubai’s ENOC partners with India’s IOC to expand abroad