Thursday 30 July 2015
 
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shipping

Egypt to speed up shipping with new Suez waterway

Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area.

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New UAE fuel price policy to benefit industries

The UAE's vital sectors like industry, shipping and cargo are likely to benefit from the deregulation of fuel prices announced by the government. Effective from August 1 the country will adopt a new pricing policy linked to global p

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Greek crisis ‘could hit global industries sector'

Besides the financial sector, the Greek crisis could affect industries, such as shipping, automotive and textile, a report said. The Greek economy accounts for only two per cent of the EU’s GDP, but any news on the country i

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Kurdistan stops oil transfers to Iraq's Somo

Iraq's semi-autonomous region of Kurdistan is shipping oil to the Turkish port of Ceyhan but has stopped transferring crude to Iraqi state oil firm Somo, two shipping sources told Reuters.   The susp

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Dubai among world's leading global maritime hubs

Dubai is poised to become one of the top seven leading maritime centres in the world over the next five years, according to a recent international survey conducted by Menon Business Economics Group. Menon Business Economics Group,

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Shipping industry leaders set for Dubai show

Top decision makers of the shipping and maritime industries from across the Middle East and Indian subcontinent will be in Dubai, UAE, to attend The Maritime Standard Awards (TMS Awards) 2015, a high-profile annual awards gala dinner, which reco

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Bahri hopes to issue $1bn sukuk this quarter

National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to SR3.9 billion ($1.04 billion) this quarter, the company's vice chief executive officer for finance Mohammad Alotaibi said. "H

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New Oman-Iran shipping route to be set up

The chambers of commerce of Iran and Oman along with an Iranian private sector shipping company have signed a deal to form a new shipping route next month between the Sultanate’s Sohar Port and Iran’s souther port of Shahid Rajae, ac

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Qatar's Nakilat Q1 profit rises 7.7 pc

Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.7 per cent rise in first-quarter net profit on Sunday. The company made a net profit of QR222.4 million ($61.1 mil

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Qatar's Nakilat Q1 profit rises 7.7 pc

Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.7 per cent rise in first-quarter net profit on Sunday. The company made a net profit of QR222.4 million ($61.1 mil

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