A K Line vessel serving its long term contract with Emirates Global Aluminium (EGA) recently became the first fully laden capesize bulker to call a GCC port.
GAC will open a warehouse and open yard in Khalifa Industrial Zone Abu Dhabi (KIZAD) in January 2019 to expand its presence in Abu Dhabi and serve a wide range of sectors.
Abu Dhabi Ports and China Cosco Shipping subsidiary, Cosco Shipping Ports, have inaugurated the $300m CSP Abu Dhabi Terminal at Khalifa Port in the UAE, an investment that ties the emirate into Beijing’s Belt and Road Initiative (BRI).
Chinese companies have signed agreements to invest $1bn in Khalifa Port Free Trade Zone (KPFTZ), Abu Dhabi in the UAE.
Abu Dhabi Ship Building PJSC (ADSB) has reported net profit up by 70% to AED104.8m ($28.5m) for the 2017 financial year ending in December, representing its second-best performance ever. Gross profit for the year rose from AED256.1m ($69.7m) in 2016 to AED 277.1m ($75.4m).
Abu Dhabi Ports announced it would acquiring three tugboats from Sanmar and Damen last week at Seatrade Offshore Marine & Workboats Middle East 2017.
Seatrade Offshore Marine Workboats Middle East opens its doors on Monday morning against a backdrop of firmer oil prices and positive sentiment.
Seatrade Offshore Marine & Workboats Middle East kicks off on Monday with not just networking and business opportunities but also plenty to keep visitors both informed and entertained.
The decline in traditional ship finance and a lack of provision from regional banks have posed serious challenges to the shipping industry as a whole, but at the same time triggering the rise of alternative funding.