Category archives for: Middle East

Can Malaysia Topple Qatar from LNG Top Spot?

Can Malaysia Topple Qatar from LNG Top Spot?

By 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar, UK-based consultancy group Wood Mackenzie asserts. The supply capacity of Malaysia’s PETRONAS is growing through new capacity additions in eastern Malaysia as well as Canada, offtake agreements with other suppliers and projects such […]

Much Bigger Fleet for LNG Shipping Needed in the Long Term

Much Bigger Fleet for LNG Shipping Needed in the Long Term

Continuing weak demand and excess tonnage are expected to depress LNG shipping earnings in the near term. But longer term the sector could face vessel shortages as ordering slows and liquefaction projects come on stream, according to the LNG Shipping Market Annual Review and Forecast report published by shipping consultancy Drewry. The global LNG trade fell […]

USCG Fires on Iranian Boat in Arabian Gulf

USCG Fires on Iranian Boat in Arabian Gulf

A U.S. Coast Guard vessel operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, the U.S. Department of Defence said.  A statement issued by […]

Container Carriers Bringing Down Carbon Emission

Container Carriers Bringing Down Carbon Emission

BSR’s Clean Cargo Working Group (CCWG) said in its latest annual CO2 emission performance data for the container shipping industry that on an average, its member carriers have reduced CO2 emissions per container transported in 2013 by 7.7%.   7.7% reduction of CO2 emissions per container in 2013 Clean Cargo Working Group is a business […]

Boost for Sohar’s Offshore Bunkering Services

Boost for Sohar’s Offshore Bunkering Services

Sohar Port and Freezone’s main independent supplier of bunkering services has expanded its offshore refuelling operations for ships calling at the Omani port, with the addition of a 6,000 megaton barge to its fleet. Omanoil Matrix Marine Services LLC, a joint venture between Germany’s Matrix Marine Holding and Oman Oil, has also announced plans to […]

Slow Week for Dry Bulk Newbuilds

Slow Week for Dry Bulk Newbuilds

A couple of orders to report in dry sector this week with Santoku Senpaku adding further Kamsarmax to their orderbook, this time for two firm 82,000 DWT bulk carriers at Tsuneishi Zosen with delivery in 2017, according to Clarkson’s Hellas S&P Weekly Bulletin. Navibulgar has also contracted four firm plus two option 42,300 DWT Ice […]

Port of Salalah Climbs Productivity Ladder

Port of Salalah Climbs Productivity Ladder

Oman’s Port of Salalah has enhanced its berth productivity levels becoming ranked as the 15th port on global level, thus matching top container ports in the world, according to the independent research firm Journal of Commerce (JOC) which has produced the 2013 Port Productivity report for the second year running. Based on the 2013 average […]

Texas Judge Bins Kurdish Crude Seizure Order

Texas Judge Bins Kurdish Crude Seizure Order

U.S. District Judge Gray Miller in Houston, Texas  threw out a court order requiring federal agents to seize and hold USD 100 million worth of crude oil sent by the Kurdistan Regional Government (KRG). The ruling allows United Kalavrvta (formerly SCF BYRRANGA), which has been moored in international waters off Texas for more than a […]

KPC to Double Crude Export to China

KPC to Double Crude Export to China

Kuwait Petroleum Corporation (KPC) has signed a historic deal with China’s Unipec which will see almost doubling of KPC’s shipments of crude to China. This is a milestone deal for KPC, under which, as of 2014 KPC will provide Unipec crude oil with the volume expected to reach 300,000 barrels per day (bpd). The amount […]

DP World at the Helm of Trilogiport’s Development

DP World at the Helm of Trilogiport’s Development

Following the previous investments in the Beverdonk Container Terminal at Grobbendonk, DP World has taken over all the shares Euroports owned in Trilogiport (Liège container terminal). With this, the international terminal operator takes full responsibility for the development of Trilogiport, the company said in a release. “DP World thus confirms its confidence in Belgium as a […]

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