Monday 26 January 2015

Oman Drydock completes vessel conversion

Oman Drydock Company (ODC) has successfully completed the conversion of 'Olympic Luck,' an oil bulk ore carrier into a very large crude carrier for its Greek vessel owners Springfield Shipping Company. A special ceremony was held at the shipyard in Duqm to celebrate its 3


Abu Dhabi Ports installs new terminal operating system

The Abu Dhabi Ports is implementing a brand new terminal operating system (TOS) which will enhance the general cargo operations at the emirate’s ports, significantly improving processing times and the full range of customer service offerings.   The state-of-the-art por


UASC orders 2,000 new reefer containers

United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has ordered 2,000 reefer containers from Daikin. The order marks the first milestone in the expansion of UASC’s reefer services and underpins the company’s ongoing inve


Grown diamonds key to bridging demand gap

Grown diamonds can help overcome the widening supply demand gap in the long run to compensate for falling mined diamonds supply, a report said. The breakthrough in technology has made it possible to grow rare quality colourless IIa quality diamonds by creating diamond-growing con


Emirates Steel expands wire rod range

UAE steelmaker Emirates Steel is expanding the range of its wire rod brands to create more opportunities for local downstream manufacturers. “Our innovation and continuous improvement will play a major role in creating clean and consistent quality wire rod products,”


Global aluminium demand to grow at 7.6pc

Global primary aluminium demand is expected to grow at a compound annual growth rate (CAGR) of 7.6 per cent from 2014 to 2017 with Asia and the Americas generating the greatest share of demand, said a top official. UAE-based Emirates Global Aluminium (EGA) exported 56 per cent of


GPIC in push to bolster China ties

Bahrain-based Gulf Petrochemical Industries Company (GPIC) president Dr Abdulrahman Jawahery received a high-level Chinese oil delegation and discussed co-operation to promote investment opportunities and training programmes, a report said. He briefed them on GPIC production and


Bahrain Zain partners with Polytechnic

Leading telecom provider Zain Bahrain has entered into a strategic partnership with Bahrain Polytechnic in a move to develop the ICT sector in the kingdom. Under its key initiative, the Future University Network (FUN), which provides young Bahrainis with skills for the workforce,


Honeywell income rises to $956m

Honeywell International reported a slightly better-than-expected quarterly profit, as an improving US economy helped boost sales at the company's division that makes sensors, safety systems and air conditioning equipment. Sales in the company's automation and control busi


GE industrial profit surges on turbines sales

General Electric (GE) has reported a nine per cent rise in quarterly industrial profit as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. Investors have been concerned that plunging oil prices will hurt GE's

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