Liquid natural gas producers have been avoiding the Red Sea for much of 2024 amid continuous attacks by Houthi militants. This may now be changing as the first LNG carrier…
Oman
Oman’s recent actions suggest major developments in shipping sector
Oman is strategically advancing its maritime sector through significant investments and international cooperation, positioning itself as a burgeoning maritime hub in the region.
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https://container-news.com/omans-recent-actions-suggest-major-developments-in-shipping-sector/
Russian ‘Shadow Fleet’ LNG Carrier Calls In Oman Signaling Possible Easing of Sanctions Concerns
After more than six months at sea sanctioned LNG carrier La Perouse has entered the Omani port of Duqm. It is the first time that a Russian LNG carrier, part of the so-called ‘shadow-fleet’, has entered a foreign port.
Sohar celebrates strong 2024 performance
Sohar Port and Freezone recently celebrated a generally positive 2024 performance during its annual business reception event. While overall cargo volumes dropped 2.6% compared to 2023, at 74.5 million tonnes, container throughput jumped 15% to 943,000 TEU, from 818,0000 TEU the year before; and ro-ro traffic surged 25% to 87,000 units, up from 70,000 units in 2023. The biggest growth, however, was achieved in the breakbulk segment, with Sohar handling 1.57 million tonnes, compared with 880,000...
https://www.themaritimestandard.com/sohar-celebrates-strong-2024-performance/
Asyad Shipping charts Oman IPO course
Oman’s state-controlled logistics giant Asyad Group has moved to sell shares in Asyad Shipping through an initial public offering. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners for the group, which plans to sell a stake of at least 20%...
https://splash247.com/asyad-shipping-charts-oman-ipo-course/
TFG Marine forms bunkering joint venture in Oman
TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Golden Ocean Group has established a joint venture with Oman Oil Marketing Company (OOMCO). The TFG-OOMCO jv will supply bunkers to vessels visiting Oman’s ports of Duqm, Muscat and Sohar. The deal follows the...
https://splash247.com/tfg-marine-forms-bunkering-joint-venture-in-oman/
Marasi port management system introduced by Sohar
As part of its ongoing digitalisation programme Sohar Port and Freezone has implemented the Marasi port management information system. This fully web-based system, which is already operational in over 50 ports around the world, aims to optimise maritime operations, foster stakeholder collaboration and streamline data exchange, Sohar Port states.
Marasi features an intuitive, user-friendly interface that simplifies interactions between the port and its stakeholders, including marine and port...
https://www.themaritimestandard.com/marasi-port-management-system-introduced-by-sohar/
New container depot facility opens in Sohar Port
Sohar Port and Freezone has announced the official inauguration of the new Allied Ondock Container Services facility in the port, as well as the signing of an expansion agreement worth around US$ 2.6 million. The new container depot will initially cover an area of three hectares, based on a contract for the development which was signed back in June 2023. The latest contract provides for an expansion of an additional two hectares, to meet the rising demand for container depot capacity in the...
https://www.themaritimestandard.com/new-container-depot-facility-opens-in-sohar-port/
Sohar port progressing positively on multiple fronts
Oman’s Sohar Port and Freezone has announced positive results for the first nine months of the year to the end of September, reflecting its expanding role in supporting the Sultanate’s economy. This includes a strong increase in Foreign Direct Investment (FDI), surpassing $4 billion of total new investments. This surge has been fueled by the signing of 12 new agreements In the year to date, including the Marsa LNG bunkering initiative, United Solar Holdings’ polysilicon factory, and a new iron...
https://www.themaritimestandard.com/sohar-port-progressing-positively-on-multiple-fronts/
Dentons advises on rail network financing
Law firm Dentons has advised on the project financing and development of the Hafeet Rail project, an initiative that marks the GCC’s first cross-border rail project, including a future connection between Abu Dhabi and Sohar Port in Oman.
The US$3 billion Hafeet Rail project, which is sponsored jointly by Etihad Rail and Oman Rail and is supported by Mubadala Investment Company, has secured US$1.5 billion in project finance debt. This achievement reflects strong confidence from a diverse...
https://www.themaritimestandard.com/dentons-advises-on-rail-network-financing/