UAE-based port operator DP World and Malaysia’s Sabah Ports have established a partnership to manage the Sapangar Bay Container Port (SBCP) in eastern Malaysia. Through the partnership, DP World will support efforts currently underway to increase SBCP’s container handling capacity from 500,000 TEUs...
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/
European Union Naval Force (EUNAVFOR) Somalia, the European Union maritime counter-piracy task force deployed in the waters of the Indian Ocean off Somalia, has confirmed the release of a commercial cargo vessel and its crew 32 days after it was seized. The Bangladeshi-flagged bulk carrier Abdullah...
Iranian forces seized a containership operated by Switzerland-based MSC in the Strait of Hormuz on Saturday, April 13. The Portuguese-flagged MSC Aries was some 80 kilometres off the coast of the UAE when it was boarded by Iranian heliborne troops, who subsequently ordered the crew to bring the...
UAE-based port operator the AD Ports Group has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI) wherein the two parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. The signing of the...
Harold Macmillan was supposedly once asked what the most troubling problem of his time as British Prime Minister was. “Events, my dear boy, events,” was his reply. I thought I had this week’s column nailed well in advance, but offshore is an industry especially susceptible to unexpected and hard to predict “events”. So, we must […]
The post COLUMN | Correcting course: Aramco and jackups; Siem Offshore and Kristian Siem; Ferguson Marine; MMA Offshore; Maersk/Svitzer [Offshore Accounts] appeared...
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking additional action against Iranian military revenue generation, targeting shipping company Oceanlink Maritime DMCC for facilitating the shipment of Iranian commodities on behalf of Iran’s Armed Forces General Staff (AFGS) and Ministry of Defence and Armed Forces Logistics (MODAFL). OFAC is also […]
The post Tanker operator faces US treasury sanctions for illicit transfers of oil to Iran appeared first on Baird...
Dubai-based terminal operator DP World has partnered up with Brazilian railway operator Rumo to build a grain and fertilizer terminal at the Port of Santos in Brazil. The new terminal, estimated to cost about $500m, will handle 9m tonnes of grains and 3.5m tonnes of fertilizers a year. Construction...
AD Ports Group’s shipping arm Safeen Feeders has joined the Stena Sonangol suezmax pool, a joint venture between Swedish shipowner Stena Bulk, and Angola’s state-run oil company Sonangol. The 2011 Hyundai Heavy-built 158,600 dwt Safeen Elizabeth, picked up from Ridgebury Tankers about a year ago,...
https://splash247.com/safeen-feeders-vessel-joins-stena-sonangol-suezmax-pool/
Oslo-listed jackup rig pure-play Shelf Drilling has received a notice of suspension of operations from an undisclosed Middle Eastern customer for four of its rigs. The company is in active discussions with the customer to determine which rigs will be suspended and the exact timing of the...
https://splash247.com/contracts-for-shelf-drilling-jackup-quartet-suspended/