Shipping

Bahri and Aramco to merge fleets in US$1.3 billion deal

Shipping_Aramco_pactSaudi Aramco and the National Shipping Company of Saudi Arabia (Bahri) have signed a non-binding MoU to merge the fleets and operations of Bahri and Aramco subsidiary Vela International Marine Limited

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Omani port to double handling capacity

Maersk_container_ship_in_the_Port_of_SalalahOman’s largest port is set to double its general cargo handling capacity following a government decision to award a commercial bid worth OMR 55 million (US$143 million) to Netherlands-based marine contractor Archirodon Construction (Overseas) Company

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Jeddah officially opens Red Sea Gateway Terminal

RSGTThe new Red Sea Gateway Terminal (RSGT) at Jeddah Islamic Port has been officially opened, and is the first privately funded build operate and transfer (BOT) port development in Saudi Arabia

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Dubai Maritime inks land lease deal with Dubai Shipbuilding

Dubai_MaritimeDubai Maritime City has signed a land lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding.

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Hyundai Mipo to build tankers for Kuwait

hyundi-portHyundai Mipo Dockyard has received an order worth US$250mn to build four chemical tankers for Kuwait.

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