Category archives for: Middle East

Interview: Sohar’s Expansion Goes Full Steam Ahead

Interview: Sohar’s Expansion Goes Full Steam Ahead

SOHAR Port and Freezone, a deep-sea port and the adjacent free zone, located in Sohar, Oman, is undergoing a major expansion and has set very ambitious goals on a global scale, all with the goal of attracting major shipping players to the port.   The Port has invested USD 15 billion in building up its infrastructure […]

Readers’ Picks of the Week (July 21- 25, 2014)

Readers’ Picks of the Week (July 21- 25, 2014)

VIDEO: Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat, Dockwise, a wholly-owned subsidiary …Read more Dockwise Vanguard to Transport Costa Concordia Wreck? Dockwise Vanguard may be the solution for the transportation of Costa Concordia wreck to the scrapyard, since the […]

Extra Tonnage in Demand

Extra Tonnage in Demand

Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week.   According to the latest figures from Lloyd’s List Intelligence,  the capacity of the inactive box fleet decreased to 216,396 teu this week, compared with 238,679 teu a week ago. In terms […]

N-KOM, GIS Seal USD 110Mln Offshore Deal

N-KOM, GIS Seal USD 110Mln Offshore Deal

Gulf Drilling International Limited (GDI), a subsidiary of Gulf International Services (GIS),  has awarded two contracts worth USD 110 million to Nakilat-Keppel Offshore & Marine (N- KOM), a joint venture shipyard between Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M).   The first contract is for the construction of a self-propelled and self-elevating liftboat, […]

Cargo Cruises aboard Giants of the Seas

Cargo Cruises aboard Giants of the Seas

CMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs container ships, such as the Marco Polo or the Alexander von Humboldt.   These giants of the seas (365 meters long, which is equivalent to more than 4 soccer fields), are among the largest vessels of their kind in the […]

Nordbank’s Survey Projects Good Shipping Tides

Nordbank’s Survey Projects Good Shipping Tides

German lender HSH Nordbank has carried out a survey titled “Shipping companies 2014 – Fit for the future?” which shows that the confidence among shipping companies in the industry continues to grow in 2014, as a clear majority of companies expect increased turnover and more than 40 per cent expect higher profits in comparison to […]

Container Volumes Up at DP World

Container Volumes Up at DP World

DP World Limited handled 29.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2014, with gross container volumes growing by 9.3% on a like-for-like basis. On a reported basis gross volumes grew by 10.7% with new volumes at London Gateway (UK) and Embraport (Brazil) contributing to […]

Additional Container Weighing Legislation Adds to the Burden

Additional Container Weighing Legislation Adds to the Burden

  Additional legislation will not have any significant effect on container safety in transport overseas, the European Shippers’ Council (ESC) said with respect to the issue of the proposed weighing of containers.   The proposition comes as ever growing number of shipping accidents are caused by overweight containers, incorrect declarations of the loaded container weights, […]

Cruise Liners Scratching Israel off Itineraries

Cruise Liners Scratching Israel off Itineraries

Following the recent surge of violence in the Gaza Strip, sister companies Regent Seven Seas Cruises and Oceania Cruises have decided to steer clear of Israel, Asia Cruise News reports.   The decision is also based on the close shave the German AIDAdiva had when caught amidst a rocket attack at the Israeli Port of Ashdod, with […]

Demand for Ultra-Large Vessels Changes Course

Demand for Ultra-Large Vessels Changes Course

Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry.   The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could catch-up with the projected vessel supply by 2016, said Irish […]

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