Container terminal operator DP World and Malaysia’s Sabah Ports have entered a partnership to manage the Sapangar Bay Container Port and significantly increase its handling capacity. The Sapangar Bay port is one of the main regional trade hubs for the Brunei...
https://splash247.com/malaysian-container-terminal-to-get-handling-capacity-boost/
Containerships travelling between Asia and the Mediterranean emitted 63% more emissions in the first quarter than in Q4 last year thanks to the ongoing Red Sea shipping crisis, according to new data from Xeneta, a freight rate platform. Splash has been reporting regularly on the increased emissions...
Abu Dhabi-based ports and logistics giant AD Ports Group has secured a 20-year concession agreement for Angola’s Luanda multipurpose port terminal. The agreement, extendable for another 10 years, will see AD Ports invest $251m towards modernising the terminal and developing the logistics business...
https://splash247.com/ad-ports-earmarks-up-to-379m-for-angolan-port/
The world’s leading shipping associations have highlighted the inequality seafarers face as hostages. “The world would be outraged if four airliners were seized and held hostage with innocent souls onboard. Regrettably, there does not seem to be the same response or concern for the four commercial...
https://splash247.com/shipping-hits-out-at-scant-coverage-of-hijacked-crews/
French-based engineering company Technip Energies has been awarded a contract by TotalEnergies and OQ for the Marsa LNG bunkering project in Sohar, Oman. The contract covers the engineering, procurement, and construction of a natural gas liquefaction train with an LNG production capacity of 1 mtpa....
https://splash247.com/technip-energies-scores-work-on-marsa-lng-bunkering-project-in-oman/
DUBAI, April 18 (Reuters) – The International Monetary Fund said on Thursday Middle East economies would grow at a slower pace this year than it previously projected as the war in Gaza,…
https://gcaptain.com/imf-revises-down-mideast-growth-outlook-on-war-trade-disruptions/
Israel launched an attack on Iran on Friday, sparking concerns about the conflict escalating further across the seas of the Middle East. Iranian state media reported that air defence batteries had been activated against unmanned aerial vehicles (UAVs) after reports of explosions near a major...
https://splash247.com/shipping-on-alert-as-israel-retaliates-against-iran/
Shipping has to contend with new danger zones following Iran’s attack on Israel over the weekend and the hijacking of the 15,000 teu MSC Aries. United Nations secretary-general Antonio Guterres urged warring parties to “step back from the brink” yesterday in what Ian Bremmer, a well-known political...
https://splash247.com/shipping-braces-for-israels-response-to-iranian-attacks/
A Liberian-flagged gas carrier ran aground offshore Egypt, prompting a state of emergency over the weekend in anticipation of any leakage or pollution. The incident involving the 14,800 cu m LPG tanker Claudia Gas took place in the Gulf of Aqaba during the Eid holiday. Shipping databases show the...
Saudi oil and gas driller Advanced Energy Services (ADES) has secured a jackup rig contract in Qatar worth up to about $93.3m with French energy major TotalEnergies. The deal covers a firm one-year term in addition to three optional six-month extensions, the company said in a stock exchange filing....
https://splash247.com/ades-scores-jackup-rig-contract-in-qatar/