Subsea 7 has snapped up a number of businesses from bankrupt EMAS Chiyoda Subsea (ECS) for less than $100m, significantly increasing its presence in the Middle East.

Saudi Aramco, Bahri, Hyundai Heavy Industries (HHI) and Lamprell are set to move ahead with the a $5.2bn joint venture mega-yard in Saudi Arabia with partial operation in 2019.

Hapag-Lloyd and United Arab Shipping Co (UASC) have completed their merger and will now focus on the integration of the two companies.

The National Shipping Company of Saudi Arabia (Bahri) saw its first quarter net profit fall by 38% in the first quarter of 2017 hit by lower spot rates.

Bahri has revealed that it plans to register all of its 37 VLCCs under the flag of Saudi Arabia by the end of 2017. 

Red Sea Gateway Terminal has completed the first stage of its large-scale expansion project at its flagship container terminal at Jeddah Islamic Port. 

McDermott International has won a contract from Saudi Aramco to build a fabrication and marine complex in Saudi Arabia, which will serve as its main operations hub in the Middle East. 

Saudi logistics firm Bahri has signed a contract with Saudi Rail Company (SAR) to provide transportation and shipping services from around the world as well as customs clearance support. 

McDermott International has been awarded a contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya and Zuluf fields offshore Saudi Arabia.

Qatar Navigation (Milaha) has signed an agreement with the Kandla International Container Terminal (KICT) in India, to start the first direct common carrier feeder service between Saudi Arabia and India.