Wednesday 18 January 2017
 
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Terex sells material handling business for $595m

Terex Corporation said it has completed the sale of its material handling and port solutions business (MHPS) to Finnish group Konecranes for $595 million and €200 million ($222 million) in cash and 19.6 million newly issued class B shares r

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Terex sells material handling business for $595m

Terex Corporation said it has completed the sale of its material handling and port solutions business (MHPS) to Finnish group Konecranes for $595 million and €200 million ($222 million) in cash and 19.6 million newly issued class B shares r

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Oman developing eight new fishing harbours, ports

Oman is developing eight more fishing harbours and ports of varying sizes as part of a comprehensive plan to bolster the fisheries sector , a report said. By 2020, as many as 30 fishing harbours or ports are expected to be operati

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Oman developing eight new fishing harbours, ports

Oman is developing eight more fishing harbours and ports of varying sizes as part of a comprehensive plan to bolster the fisheries sector , a report said. By 2020, as many as 30 fishing harbours or ports are expected to be operati

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Maritime sector contributes $7.32bn to Dubai GDP

The maritime sector significantly improved its contributions to Dubai’s GDP in 2015, accounting for Dh26.9 billion ($7.32 billion) or seven per cent of the total, according to latest figures. Shipping had the largest share,

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Adnoc to merge shipping, marine and services firms

Abu Dhabi National Oil Company (Adnoc) announced today its intention to consolidate the operations of three of its shipping, marine and services companies to create a single world-class entity. The Abu Dhabi National Tanker Compan

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Adnoc to merge shipping, marine and services firms

Abu Dhabi National Oil Company (Adnoc) announced today its intention to consolidate the operations of three of its shipping, marine and services companies to create a single world-class entity. The Abu Dhabi National Tanker Compan

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Iranian ports handle 13pc increase in freight in August

Iranian ports recorded a 13 per cent increase in the amount of goods loaded/unloaded during August compared to the figure for the same month in 2015, said a report. A total of 23.83 million tonnes of oil and non-oil products were

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Libya's government says in talks to reopen two major oil ports

Libya's UN-backed government in Tripoli is in negotiations with an armed brigade controlling two main oil ports to reopen the terminals and lift a force majeure to restart exports, a member of its ruling council said.  

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Singapore plans to develop ports in Iran

Singapore plans to participate in projects to construct and develop ports in Iran, according to a high-ranking Singaporean official, said a report. Head of Singapore Port Development Sector Vun Chi Fung, in a meeting with Iran'

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