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Middle East & Africa

Abu Dhabi: Two additional terminals planned at Africa's largest port, Tangier-Med, are expected to be completed in 2017, increasing capacity at the facility from 3m teu to 8.5m teu, according…
Abu Dhabi: Experts at the World Ports and Trade Summit in Abu Dhabi recently said Gulf Cooperation Council (GCC) ports were likely to reap dividends from Africa’s lack of preparedness…
Abidjan: A consortium consisting of APM Terminals, Bolloré Africa Logistics and Boygues has been announced as the preferred bidder for management of a second container terminal at the port of…
Abu Dhabi: Seatrade's World Ports and Trade Summit firmly fixed the spotlight on the eastwards shift of global trade, and the increasing role of emerging markets in the global economy.
Tel Aviv: Zim today announced an annual loss of $433m for 2012 as fourth quarter losses hit $239m. The loss includes a $133m one time charge related to the recent…
Dubai: Offshore ship and rig yard group Lamprell today announced a full year net loss of $110.5m for 2012 as earnings fell 8.9% to $1bn.
Dubai: Global port operator DP World today announced an 8% rise in annual profits to $749m for 2012 as consolidated throughput fell from 27.5m teu in 2011 to 27.1m teu…
Tel Aviv: ZIM has become the latest line to cancel newbuildings, with five contracts annulled and possibly more to come.
Abu Dhabi: At today’s opening of the World Ports and Trade Summit 2013, Abu Dhabi Ports Company (ADPC) announced the launch of a new subsidiary company, ADPC Marine Services.
Riyadh: National Shipping Company of Saudi Arabia (Bahri) is planning to launch a debut Islamic bond issue to help refinance a debt of $1.3bn taken to acquire Saudi Aramco's Vela…
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