Dubai offshore survey specialist Polarcus has announced that an XArray marine seismic acquisition project the company secured in December last year in the Asia Pacific region was cancelled. The survey was scheduled to commence in the second quarter, and has now been terminated as the client has...
Middle East
UAE Bans MSC-Operated Boxship for Violating Carriage Ban
FTA has banned the Panama-flagged containership MSC Joanna from operating in UAE waters and ports.
Strategic Acquisitions Spur DP World’s Revenue Growth
DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019.
https://worldmaritimenews.com/archives/292465/strategic-acquisitions-spur-dp-worlds-revenue-growth/
Tanker Rates Surge after Bahri’s Surprising Charters
Daily freight rates for Very Large Crude Carriers skyrocketing.
https://worldmaritimenews.com/archives/292495/tanker-rates-surge-after-bahris-surprising-charters/
NAT: Decreasing Oil Prices Good News for Tankers
Lower oil prices could mean more work for tankers.
https://worldmaritimenews.com/archives/292290/nat-decreasing-oil-prices-good-news-for-tankers/
Oman Shipping Company Buys Ultramax Pair
Oman Shipping Company has signed a deal to acquire two Ultramax vessels.
https://worldmaritimenews.com/archives/292245/oman-shipping-company-buys-ultramax-pair/
Oman Shipping confirms ultramax pair acquisition
Oman Shipping has confirmed the acquisition of two ultramax bulk carriers, the 2015-built 63,700 dwt SBI Taurus and the 2014-built 63,600 dwt TR Omaha. The two vessels were acquired from Greek owner Scorpio Bulkers and UK owner Tufton Oceanic respectively and they are set to join Oman Shipping’s...
https://splash247.com/oman-shipping-confirms-ultramax-pair-acquisition/
UAE suspends all cruise ship operations
The Federal Transport Authority of United Arab Emirates has decided to suspend all cruise operations at the country’s ports as part of precautionary measures to prevent the spreading of coronavirus. The number of coronavirus cases in the United Arab Emirates has risen to 45 from 30, and the...
https://splash247.com/uae-suspends-all-cruise-ship-operations/
Milaha buys new floating dry dock
Qatari shipping conglomerate Milaha has bought a new floating dock. The dock is set to arrive at the Mesaieed Shipyard in the coming months and will be fully operational in the second half of this year. Milaha president and CEO Abdulrahman Essa Al-Mannai said: “As per our plan announced in December...
20 Capesize Bulkers Scrapped Already in 2020
Poor bulker markets have pushed owners to scrap 20 Capesize bulkers so far this year.
https://worldmaritimenews.com/archives/292065/20-capesize-bulkers-scrapped-already-in-2020/