Friday 6 March 2015
 
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shipping

Saudi shipper Bahri plans $1bn sukuk

National Shipping Company of Saudi Arabia (Bahri) plans to sell 10-year sukuk worth SR3.9 billion ($1.04 billion) by the end of March, a company executive said. The firm has chosen HSBC, JP Morgan and Samba Capital, the investment

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Major Mideast shipping routes secure despite turmoil: US

Shipping corridors used by Gulf energy exporters are not at risk from violence and political volatility in Yemen and the seizure of swathes of territory in the region by Islamic State militants, a senior US naval officer said. Vic

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Major Mideast shipping routes secure despite turmoil: US

Shipping corridors used by Gulf energy exporters are not at risk from violence and political volatility in Yemen and the seizure of swathes of territory in the region by Islamic State militants, a senior US naval officer said. Vic

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Nakilat Q4 profit rises 14pc

Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas, reported a 14 per cent rise in fourth-quarter net profit on Thursday. Nakilat made a profit of QR201.6 million ($55.4 million

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Nakilat Q4 profit rises 14pc

Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas, reported a 14 per cent rise in fourth-quarter net profit on Thursday. Nakilat made a profit of QR201.6 million ($55.4 million

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Hundreds trapped as ferry burns in seas off Greece

Hundreds of passengers were trapped on a burning car ferry off Greece on Sunday, pleading to be rescued by a flotilla of nearby ships that battled storm conditions in open water to try to reach them. The Greek coastguard said 150

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Amazon’s prime service draws 10m members

Amazon.com said on Friday it drew more than 10 million new members to its Prime shipping and digital content service over the holidays and intends to offer one-hour shipping to more cities in 2015. Amazon considers its $99-a-year

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TUI plans German shipping unit stake sale

Europe's leading travel group TUI is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from the German shipping company, TUI's chairman told a newspaper. "We a

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Saudi Arabia sees major growth in shipping; $30bn projects under way

Saudi Arabia is experiencing exponential growth in its ports and shipping sectors with projects planned and currently in progress totalling more than $30 billion. Experts presented a series of papers to more than 200 delegates at the in

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Debut Saudi Maritime Congress opens in Dammam

The inaugural Saudi Maritime Congress, which focuses on the implications of global maritime trade growth for the kingdom including the new seaport infrastructure projects, opened yesterday (November 25) in Dammam. The two-day even

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