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.

Dubai: A consortium of shipping companies is to start direct service between Abu Dhabi’s Khalifa Port and the ports of Mundra and Mumbai's, Nhava Sheva on the west coast of India beginning end-February.

Dubai: Gulf Energy Maritime (GEM) has taken delivery of its second aframax product tanker, Gulf Valour, two months after receiving its first, Gulf Vision. The 114,700 dwt vessels, each capable of carrying clean petroleum products and dirty...

Port Said: Maersk Line's largest container ship, Emma Maersk, is on her way to Europe after water ingress to her engine room left her at berth in Port Said for two weeks.

Copenhagen: The global economy continues to expand in 2013 which is good news for dry bulk shipping as newbuild deliveries fall significantly from 2012 levels, Bimco announced in its market overview today.

Paris: The booming oil and gas market has yielded strong results for Bourbon, which has seen a 17.7% increase in revenues, with an annual turnover of $1.6bn in 2012.