Singapore: The Asian Shipowners’ Forum (ASF) is the latest shipping organisation to hit out a planned hike in Suez Canal tolls from 1 May.

Kuala Lumpur: Malaysia-based shipowner and shipbuilder Shin Yang Shipping Corporation is betting on stability of Malaysia's coastal shipping and its Middle East operations to support its business as it plunged into a second quarter net loss.

Dubai: Dubai-based Grandweld has landed a $50m contract to design and build four crane/workboat vessels for Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Corporation. The deal, the first new construction contract since...

Fujiarah: Phase one of Gulf Petrochem’s Fujairah Oil Terminal, located in the port, is now operational with a storage capacity of 412,000 cu m. The first phase of the Fujairah Oil Terminal is able to handle Class III petroleum products such as...

Dubai: Etihad Rail, developer and operator of the UAE’s national railway network - has secured financing of $1.28bn (AED 4.7bn) for stage one of its railway project that could see freight shipments to ports by year end

Stavanger: Norwegian gas carrier Solvang ASA today announced improved earnings in the fourth quarter and full year 2012.

Naples: The extensive repair work necessary to rectify damage related to the flooding of Emma Maersk's engine room will be undertaken at Fincantieri's repair yard in Palermo, Sicily.

Abu Dhabi: Fred Olsen has taken delivery of a second prototype wind turbine installation vessel, Bold Tern built by UAE-based engineers and contractors, Lamprell.

Istanbul: APM Terminals and Turkey-based Petkim have entered into an agreement to build and operate Aegean Gateway Terminal under a 28-year concession deal with operations expected to start in 2015.

Abu Dhabi: Waha Capital PJSC, an Abu Dhabi-based investment company, has sold three Anchor Handling Tugs (AHT) owned by Waha Offshore Marine Services (WOMS) to Stanford Marine Group.