China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ. The company wants to fulfill capacity commitments…
Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln…
DP World and Emirates Shipping Line (ESL) today announced the launch of a new shipping service GALEX (GLX), a consortium of four vessel operators – ESL, KMTC, RCL and Hanjin. GALEX consists of seven vessels with a capacity of 6,500 TEUs…
A cargo ship carrying thousands of livestock was sailing from Somalia to the United Arab Emirates when it encountered high waves and strong winds and sank off the coast of Gulf of Aden. All animals are perishing and two of the 29 crew still missing…
Iranian patrol boats opened fire on a Singapore-flagged oil tanker as it moved through the Strait of Hormuz in a confrontation, reports Reuters.The Alpine Eternity, a ship flagged to Singapore, fled toward the shore of the United Arab Emirates…
UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit)…
Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses. Currently Milaha operates…
Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.Power cuts have become…
The 6 Maritime Authorities of the Riyadh Memorandum of Understanding (RMoU) on Port State Control will launch a Concentrated Inspection Campaign (CIC) with the purpose of ensuring compliance with SOLAS Chapter II-2 and the International Code for Fire Safety Systems on board ships…
Global freight management company, Geodis Wilson, said it plans to continue growing its Middle East network and has announced the appointment of Sascha Geiken as new Cluster Managing Director for the Middle East region.Sascha Geiken joined…
Fincantieri Muggiano (La Spezia) shipyard in Italy has delivered the patrol boat 'Salahah' to the United Arab Emirates' Navy.The new ship's sister the Ghantut was delivered last January together with an 'Abu Dhabi Class' corvette. The two…
As a special to Piracy Daily, Andrew Moulder discusses the international importance of the United Arab Emirates as a vital gateway for emerging markets and the importance of sophisticated counter-piracy efforts. The role of the United Arab…
MTU distributor Al Masaood and Arabian yacht builder Gulf Craft sign preferred partner agreement.Under the agreement, the Arabian shipyard Gulf Craft will soon offer MTU Series 2000 and 4000 engines in its Majesty Yachts as its primary engine option…
Offshore & onshore drilling specialists Momentum awarded Environmental, Health & Safety management certifications.In a statement Momentum's Managing Directore Mr. James C. Larsen said: 'We are honored to receive both [ISO 14001: 2004 and…
'Abu Dhabi' ASW corvette and 'Ghantut' FALAJ2 patrol vessel deliverd to United Arab Emirates Navy by Fincantieri's Muggiano Shipyard.Abu Dhabi-class CorvetteThe 'Abu Dhabi class' project has evolved from the 'Cigala Fulgosi' one, which…
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