Dubai: Shiprepair, conversion and newbuild group Drydocks World has announced the launch of a Global Offshore Services arm, coinciding with the opening of a new workshop in Fujairah to complement its existing facilities in Dubai.
Dubai: Shares in Gulf Navigation, a Dubai-based oil and chemical tanker shipping company, plummeted after it reported a doubling of annual losses. Company auditors warned its future depends upon the willingness of its lenders to keep it afloat.
Fujairah: LR Fobas forecasts 4.2% of newbuildings delivered between now and 2025 as being fuelled by LNG.
Fujairah: The world's biggest oil companies are setting their sights on crude storage in Fujairah, UAE, to maintain swift access to Asian markets.