China has inked the cooperation agreements with eighteen Middle Eastern and North African countries to jointly develop the Belt and Road Initiative, including Saudi Arabia, Yemen, Jordan, United Arab Emirates, Oman, Kuwait, Qatar, Egypt, Algeria, Sudan, Morocco, Libya, Somali and Tunisia and others.
Hapag-Lloyd is joining CMA CGM and APL in charging a war risk surcharge for cargo to and from ports in the Middle East Gulf.
UAE-based Brooge Petroleum and Gas Investment Co (BPGIC) has unveiled a plan to build a 250,000-barrels per day (bpd) capacity refinery to produce IMO 2020-compliant bunker fuel in Fujairah.
The state-owned China Shipbuilding Industry Corporation (CSIC) set-up a Middle East Gulf area representative office in Dubai. It is the first overseas representative office the Group has established.
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.
Oman-based Port of Duqm Company (PDC) and Shell Oman Marketing Company have inked an agreement to develop bunkering facilities at the port.
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).
Albwardy Damen has opened a new ship repair facility at Dubai Maritime City (DMC) in conjunction with the celebration of its 40th anniversary.