Middle East – Page 20
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NewsDammam facing major congestion
Problems at Saudi Arabia”s Dammam port has prompted some shipping lines to threaten a boycott, transferring calls to other ports in the Gulf.
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DP World postpones London listing
Port operator DP World has clarified its position on its planned London listing to Port Strategy.
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Iskenderum to be privatised
Turkey''s Privatisation Administration has put back the bidding deadline for a 36 year-concession at the Mediterranean port of Iskenderun from August 4 to September 16. Initially, the port was offered to the private sector in 2005, although the tender was cancelled in December 2006 by the Council of State.
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IRSL to operate new Pars port complex
The operation of seven berths at Pars Port Complex in Iran has been transferred to the Islamic Republic of Iran Shipping Lines, which will also have responsibility for future investment.
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NewsVolume predictions ‘less science, more art’
Volume forecasts are becoming ‘less of a science and more of an art’, says Robert Hambleton, chief operating officer of the Suez Canal Container Terminal (SCCT) with the implication that local markets will play an increasingly important role.
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NewsSuez side channel coming soon
A new side channel leading directly to East Port Said, allowing box ships coming from the Mediterranean to enter the Suez Canal Container Terminal without having to join the Suez Canal convoy, could open ahead of plan.
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Muscat dry port
Oman International Container Terminal (OICT) has opened a new inland container depot (ICD) or “dry port” in Muscat. The Muscat Container Depot is Oman’s first ICD complete with customs facilities.
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Saudi Arabia takes first privatisation steps
Saudi Arabia''s eight state-owned ports will be managed by an independent company as part of a gradual privatisation process, Saudi Ports Authority has announced.
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DP World denies disagreements with Egyptian government
Media speculation that DP World is in dispute with the Egyptian government over Sokhna Port has been publicly denied by the Emirates-based operator.
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New Al-Faw port project
Iraqi Transport Minister, Amer Abdul-Jabbar, has announced that an Italian consortium is to construct a new port at Al-Faw.
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Go ahead for Israeli ports privatisation
Israel''s Minister of Finance has signed the ports user rates reform, which will eventually allow Haifa Port Company and Ashdod Port Company to be privatised.
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Salalah aims lower on CO2
Plans to further address the Port of Salalah’s carbon emissions have been unveiled.
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Dubai World rescheduling debt
A recent visit to Dubai by a UK trade minister resulted in him commenting that "some progress" has been made by Dubai World in renegotiating the terms of its debt. The company, which owns DP World, has around $22bn of debt on its books.
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Saudi Arabia biggest port security spender in Middle East
Saudi Arabia is planning to spend $26.3m on port security, making it the largest spender in this area in the Middle East.
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Doha to be dotted with box terminals
The proposed New Doha Port will have a five kilometre long access channel, alongside which will be located a number of large container terminals.
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NewsDP World linked to London IPO
DP World is being linked with the possible sale of shares on London''s stock exchange, with the company hoping to join the FTSE 100 index of shares.
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Eilat workers up the ante
Employees of Eilat Port Company Ltd are seeking to obtain 15% of the company''s equity when it is eventually privatised, despite a government offer of just 10%.
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NewsSuez terminal benefits from upgrades
Against a background of struggling volumes and a 20% drop in ship numbers transiting the Suez Canal, the Suez Canal Container Terminal (SCCT) showed an unexpected 11% rise to a record 2.7m teu in 2009.
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DP World mulls Australian IPO
Unconfirmed reports from Australia suggest that DP World is contemplating raising $884m through an initial public offering of some of its local assets.
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Iranian investors eye Iraqi ports
A group of Iranian investors has met officials of the Iraqi Ports Company with a view to making some limited investments in the Basra area.
