Abu Dhabi-based shipping outfit, Al Seer Marine, has bought two VLCCs to add to its growing tanker fleet.

Kotug Training & Consultancy, the training and consultancy division of towage provider Kotug International, has signed an MoU with Abu Dhabi Maritime Academy (ADMA), and the Faculty of Maritime Studies (FMS) at King Abdulaziz University (KAU)...

DP World and the Saudi Ports Authority (Mawani) have announced the signing of a 30-year agreement valued at over $133 million to build a logistics park at Jeddah Islamic Port.

Sohar Port and Freezone has signed an agreement with bulk handler C. Steinweg Oman to expand the storage area of the port’s general cargo terminal by 27 hectares (270,000 square metres), in order to anticipate future growth, especially in the...

The Dubai office of law firm Stephenson Harwood advised the National Bank of Fujairah and Arab Petroleum Investments Corporation (Apicorp) on the $160m leveraged buyout (LBO) financing facility provided to UAE-based investment bank Shuaa Capital...

A surge in demand is being seen for scrubber retrofits as the price spread between high and very low sulphur fuel oil exceeds $400 per tonne.

Greece appears to have backed down over the seizure of a tanker off its shores bearing Iranian crude on US instructions earlier this year, after a local court ordered the release of the detained vessel, Iranian news reports said.

A Chinese construction and engineering company has won a contract to build an engine manufacturing plant at the King Salman International Complex for Maritime Industries at Saudi Arabia’s Ras Al-Khair port.

AD Ports Group has signed an agreement with Enter Engineering Group to launch new businesses providing logistics and freight forwarding services in the Central Asian nation of Uzbekistan.

Global ship services provider Zener Maritime Solutions has warned shipping companies in the Middle East that they need to prepare to address the implications of IMO industry targets related to the Energy Efficiency Existing Ship Index (EEXI), the...