Prerak Gulati is looking forward to making a splash in Geneva this April. On hearing rave reviews of its debut event, Gulati, the founder of Dubai’s LEEWAY Brokers, decided it was time to engage, signing up as a Gold Sponsor for the 2025 edition of Geneva Dry. “I’m looking forward to meet various...
United Arab Emirates
CMA CGM and AD Ports establish Congo terminal venture
French liner giant CMA CGM has reached an agreement with AD Ports Group to jointly develop, manage and operate the new multipurpose terminal at the Port of Pointe Noire in the Republic of the Congo. The deal will see the formation of a joint venture majority-owned by the Abu Dhabi-based ports and...
https://splash247.com/cma-cgm-and-ad-ports-establish-congo-terminal-venture/
Gulf Marine Services secures vessel contract extension
London-listed liftboat operator Gulf Marine Services (GMS) has won a contract extension for one of its vessels operating in the Gulf Cooperation Council region. According to the company, the extension is for one of its large-class vessels and will last a total of 171 days. Financial details of the...
https://splash247.com/gulf-marine-services-secures-vessel-contract-extension/
Shuaa Capital lines up $300m for OSV business
UAE-based asset management and investment banking firm Shuaa Capital has secured a financial boost for its marine offshore support vessel (OSV) segment. The Shuaa-managed fund has clinched a seven-year finance facility of up to $300m from National Bank of Fujairah (NBF) and The Arab Energy Fund...
https://splash247.com/shuaa-capital-lines-up-300m-for-osv-business/
NMDC Energy bags $1bn deal for subsea gas pipeline off Taiwan
UAE’s NMDC Energy has won an engineering, procurement, and construction (EPC) contract worth over $1.1bn for a 111 km subsea gas pipeline offshore Taiwan. The Taiwan Power Company awarded the contract to NMDC for the second stage of the Tung-Hsiao renewable power plant. The project involves...
https://splash247.com/nmdc-energy-bags-1bn-deal-for-subsea-gas-pipeline-off-taiwan/
Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai
Danish marine fuels supplier Monjasa is strengthening its LNG bunkering business in the United Arab Emirates by chartering a dedicated floating storage unit. The company, which recently completed UAE’s first LNG bunkering via NYK’s chartered-in 5,000 cu m Green Zeebrugge is now bringing in an LNG...
https://splash247.com/monjasa-brings-in-adnoc-ls-lng-carrier-as-fsu-in-dubai/
Drydocks World opens expanded yard in Dubai
Drydocks World, part of the DP World Group, has officially opened its 75,000 sq m South Yard expansion, enhancing fabrication capabilities for complex global marine and offshore wind energy projects. The expansion increases fabrication capacity by 40% and yard capacity by 25%, enabling Drydocks...
https://splash247.com/drydocks-world-opens-expanded-yard-in-dubai/
Monjasa makes LNG bunkering move in the UAE
Denmark-based bunker supplier Monjasa has brought in an LNG bunkering vessel on charter for deployment in the UAE. The company’s move into the LNG bunkering space has seen NYK’s 5,000 cu m Green Zeebrugge fixed for an undisclosed period in what Monjasa says was a response to a growing demand for...
https://splash247.com/monjasa-makes-lng-bunkering-move-in-the-uae/
Drydocks World to construct 2GW offshore grid connection in German Baltic Sea
Dubai-based Drydocks World, in partnership with GE Vernova, has secured a contract to build and install Ostwind 4, a 2GW offshore wind grid connection that will power nearly 2m German households. The contract was awarded by 50Hertz, the transmission system operator for eastern Germany. Ostwind 4...
https://splash247.com/drydocks-world-to-construct-2gw-offshore-grid-connection-in-german-baltic-sea/
Babylon Navigation swoops for vintage Great Eastern suezmax
Babylon Navigation is one of many fast-growing vintage tanker players located in the United Arab Emirates. The owner has emerged as the taker of a ship sold by Great Eastern, tabling $33m for the 2005-built suezmax Jag Lalit. The vessel has now been named Liliana and is the largest ship in the...
https://splash247.com/babylon-navigation-swoops-for-vintage-great-eastern-suezmax/