Commercial shipping remains on high alert despite the re-opening of the Bosphorus strait following Saturday’s failed coup attempt by a faction of the Turkish military.



A group of shipowners/charterers caught up in the complex OW Bunker bankruptcy saga have won a landmark court case in the UAE which could have far reaching ramifications for the sector.

The annual International Shipsuppliers & Services Association's (ISSA) Convention, along with its local National Association, UAE National Ship Suppliers Association (UNSSA), is staging its 61st Convention in Dubai, United Arab Emirates.

DP World recorded a 3.7% increase in global container volumes handled in Q1 2016, to 15.5m teu, however, it saw a 5.9% drop in its home base in the UAE.

UAE-based Admiral Feeders is launching a new service connecting Jebel Ali with Al Maqal Port in Basra.

UAE-based rig manufacturer Lamprell reported $66.5m net profit in 2015, a very healthy result although not matching the $93.2m that the company recorded in what it described as an ‘exceptional’ 2014. 

The UAE’s privately-owned Gulftainer Company said throughput at its global portfolio of terminals grew 4% last year.

A Greek salvage specialist is calling for improved protection of the marine ecosystem in the Arabian Gulf through the creation of the UAE Marine Environment Protection Agency (UAEMEPA).

The UAE's unrivalled land, sea and air connectivity put it in poll position to harness global strategic interconnectivity, echoing success in aviation, a top Dubai maritime official said this week.

DP World could be considering re-entry into the Yemeni ports sector following meetings with Yemini government officials last week.