Tuesday 2 September 2014
 
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shipping

Nakilat Q2 profit rises on higher rates

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a rise in second-quarter net profit on Wednesday, citing higher charter rates for gas transportation. It made a net profit

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Saudi ports, shipping sector opportunities in focus

The opportunities in Saudi Arabia’s ports and shipping sector will be highlighted by the government heads of transport and of economy and planning at a summit in Damman in November.   Dr Jubarah Bin Eid Al-

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Ship repair capacity in focus at Seatrade summit

International and regional shipping operators, ports, financiers and maritime professionals are set to meet in Dubai at the upcoming Seatrade Middle East Maritime (SMEM) summit and exhibition.   The three-day eve

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$30bn port projects coming up in Saudi

Saudi Arabia is experiencing exponential growth in its ports and shipping sectors with a number of mega infrastructural land and sea projects worth $30 billion within the government’s current five-year plan. There are curren

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Qatar's Nakilat Q1 profit rises 17pc

Qatar Gas Transport Co (Nakilat), the Middle East's largest shipper of liquefied natural gas, reported a 16.6 percent rise in first-quarter profit on Sunday. The firm made a profit of 206.3 million riyals ($56.66 million) in t

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Bricks for paper: Dubai traders duped

Some traders in Dubai have received containers full of bricks and stones from China instead of what they had originally ordered, a Gulf News report said. Dozens of containers have landed in Jebel Ali port containing bricks instead

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ADPC extends anti-piracy tie-up with UKMTO

Abu Dhabi Ports Company (ADPC) has extended its collaboration with the UK Maritime Trade Operations (UKMTO) to continue its efforts to fight maritime piracy within the region. ADPC and the UKMTO, which is made up of serving UK Roy

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DP World profit up 10.9pc to $604m

Dubai-owned port operator DP World posted a 10.9 percent rise in annual profit on Thursday. The world's fourth-largest port operator clocked $604 million in profit attributable to shareholders for 2013, compared with $545 mill

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Syria to miss chemical arms shipping deadline

Syria has given up less than 5 percent of its chemical weapons arsenal and will miss next week's deadline to send all toxic agents abroad for destruction, sources familiar with the matter said. The deliveries, in two shipments

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Suez Canal master plan to be ready in 9 months

Egypt has invited 14 consortia to bid for a chance to say how they would develop the Suez Canal area, officials said, aiming to attract more ships and revenue to shore up the country's finances. The Suez Canal is the fastest s

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