News:Middle East & Africa
Middle East & Africa
UAE-headquartered OSV owner Topaz Energy & Marine reported a $3.3m loss in the first quarter as constant challenges in the Middle East and Africa regions remain.
CMA CGM aiming to reduce the number of late booking cancellations on the Europe to Indian sub-continent, Gulf and Red Sea trades with a cancellation fee.
Singapore OSV owner Vallianz Holdings has scored contracts worth up to $115m for four vessels in the Middle East and Central Asia.
Yinson Holdings said its FPSO unit has produced first oil in record time-to-market for its client in Ghana.
CMA CGM has launched a second service linking the Middle East, India and southern and western Africa.
Though the rate of growth of the world fleet has slowed over the past seven years it is still considerable, and is often the case when something to do with…
Singapore-based OSV owner Pacific Radiance has formed a joint venture with Allianz Offshore Middle East (AOME).
Singapore-listed OSV owner Vallianz reported a loss of $208.1m in the fourth quarter ended by 31 March 2017 hit by hefty writedowns.