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Qingdao Port Buys 33.3 Pct Stake in COSCO's Khalifa Terminal

COSCO Shipping Ports selling 33.3 percent of equity in its subsidiary COSCO Shipping Ports (Abu Dhabi) Limited.

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Fitch: Global Shipping Outlook Is Negative

Tanker

Based on Fitch Ratings' new report on the shipping sector's outlook, there is little room for optimism.

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DP World Rings Nasdaq Dubai Bell

The company celebrated the listings of two Sukuk and two conventional bonds worth USD 2.3 billion.

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Yemen's Houthi Group Releases Seized Vessels

dredger

Yemen's Houthi rebels have released sixteen crew members and three vessels seized on Sunday.

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Yemen's Houthi Detain Vessel in Red Sea

tugboat

Yemen's Houthi rebels have reportedly seized a tug while it was towing a drilling rig south of the Red Sea. 

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Qatar Charters Two MSC Cruises Ships for FIFA World Cup 2022

MSC Europa

The cruise liners will offer a combined capacity of 4,000 cabins.

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MSC Signs Container Services Agreement with Mwani Qatar

MSC and Hamad Port agreement

From January 2020, MSC will use Hamad Port as a regional hub to manage transshipments.

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Sustainable Marine Development Towards 2030 and Beyond

A look back at the conference that took place in Jeddah, Saudi Arabia, November 5-7.

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Readers' Picks of the Week

Here are the most-read stories of the previous week.

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Henry: Industry Is Not Doing Enough to Empower Women

The percentage of women in the maritime industry is very low and has not changed for years.

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Saudi Arabia: Registering a Ship Now Takes Less Than 2 Mins

The Saudi Arabian flagged fleet grew by 28 percent in 2018.

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Karigithu: Port Development Key for Blue Economy

Kenya is undertaking critical infrastructure projects to facilitate the country's Blue Economy.

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Frederick J. Kenney: No Country Ratified All IMO Treaties

There are some countries that are close to ratifying all of the IMO treaties but none is a party to every convention.

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More Work Needed on Gender Issues in Industry

IMO Secretary General Kitack Lim speaking at the opening ceremony of the Sustainable Marine Development Towards 2030 and Beyond conference in Jeddah, KSA, on October 5, 2019.

IMO Secretary-General highlights benefits of equal opportunities.

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Kitack Lim: "Without Sustainability, We Cannot Survive"

Sustainable practices should be central to commercial activities of shipping companies, IMO Secretary-General said.

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ITF, Saudi Arabia Agree to Support Seafarers in Local Ports

ITF and Saudi Arabia have committed to work closely to support seafarers in all of the country's ports.

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UN: Trade Tensions, Uncertainty Hurt Global Maritime Trade

shipping

Maritime transport sails stormy seas against political and structural headwinds.

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Abu Dhabi Ports, Etisalat Partner Up on Port Digitalization

container

Abu Dhabi Ports' Maqta Gateway, Etisalat team up to enable connectivity and bring digital innovation across ports.

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Milaha's Profit, Revenues Rise in First Nine Months of 2019

Abdulrahman Essa Al-Mannai, Milaha CEO

Net profit reached QAR 419 million, up by 5%, while operating revenues increased to QAR 1.83 billion.

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Readers' Picks of the Week

Here are the most popular news from last week.

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Rising Operating Vessel Costs Push GulfNav Deeper into Loss

Huwaylat Vessel

Gulf Navigation Holding closed the third quarter of this year with a widened net loss.

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Iraq's Umm Qasr Port Ready for Bigger Boxships

BGT

Iraq's port of Umm Qasr can now welcome ships of up to 14,000 TEUs following the inauguration of two new berths.

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DP World's Gross Box Volumes Drop Slightly in Q3

DP World

DP World wrapped up the third quarter of this year with a slight drop in gross container throughput.

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Qatar Petroleum Brings VLSFO to Ras Laffan Port

Ras Laffan Industrial City Port

The VLSFO marine fuel offering has been initiated ahead of IMO's upcoming 2020 sulphur cap.

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Damaged Iranian Tanker to Undergo Repairs in Bandar Abbas

Sabiti

The tanker whose hull was damaged in a missile attack off Saudi Arabia will be repaired in Bandar Abbas. 

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Bahri's Earnings Grow in 3rd Quarter

Bahri's VLCC Hilwah

Net profit jumped to USD 39.1 million in the third quarter of 2019 from USD 21.6 million seen a year earlier.

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Nakilat Sees 10.5 Pct Profit Boost

Nakilat

Nakilat closed the first nine months of this year with a profit rise of 10.5 percent YOY.

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