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.
Lagos: Nigeria Liquefied Natural Gas Company (NLNG) agreed with two banks to secure $1.6bn in funding for six LNG carriers.
Nigeria: UK-based Eos Risk Management has announced the launch of a new West-African maritime security service, in response to growing pirate activity in the region.