Shipping

Dubai Maritime City and Gulf Craft to develop US$100mn shipyard

dmc-MiroslavPetrasko-flickrDubai Maritime City (DMC) has signed an agreement with Gulf Craft to invest US$100mn for the construction of a shipyard in Dubai

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ADPC to open ship repair facility in the UAE

ADPCAbu Dhabi Ports Company (ADPC) has leased land to Topaz Marine Engineering Division (TMED) to establish a ship repair facility at Free Port, UAE

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Egypt’s financial bodies to fund expansion of Suez Canal

nationalbank-intldevlaworg-flickrThe governor of the Central Bank of Egypt (CBE) has announced that the country has raised US$8.5bn for the expansion of the Suez Canal

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Chinese vessel inaugurates new Asia-Europe shipping route

csclmercury-gulftainerThe CSCL Mercury has completed its maiden journey of the new joint service between China Shipping Container Lines (CSCL) and United Arab Shipping Line (UASL) after docking at the Khorfakkan Container Terminal (KCT) in eastern UAE

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Egypt to build new US$4 billion canal parallel to Suez Canal

SuezCanal-DanielCsorfoly-wikimediaEgypt plans to construct a new canal parallel to the Suez Canal costing US$4bn, in a bid to expand trade along the shipping route between Europe and Asia

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