Middle East – Page 24
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NewsIsraeli courts order strikers back to work
Striking Israeli port unions are the subject of legal action being taken by the Manufacturers'' Association and the Chambers of Commerce, who claim that strike action is in contempt of court.
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NewsICTSI bags Brunei concession
Philippine port darling International Container Terminal Services Inc (ICTSI) has won its tender to build and operate a container terminal in Brunei, according to local reports.
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NewsBeirut News Story
The Port of Beirut is actively pursuing an expansion of its container facilities in order to accommodate surging new traffic volumes from CMA-CGM and Mediterranean Shipping Company (MSC), two major container lines that use Beirut as a transhipment hub.
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Kuwait draught is a concern
Kuwait Ports Authority has advised the government that access channels to existing port facilities be extensively dredged, since currently these offer a draft of no more than 8.5 metres. Neither Shuwaikh nor Shuaiba ports can accommodate very large containerships.
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Basra port reopens
Basra''s Al-Maaqal port has re-entered service following four months of renovation work. All equipment has been upgraded and quays renovated.
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NewsIsraelis dockers strike over legal changes
Israeli port unions are in a bitter dispute with the government over its plans to privatise port infrastructure.
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Oman doubles Duqm funds
The government of Oman has doubled investment for the Duqm Port and Dry Dock project to $1.81bn to boost the overall capacity and size, therefore making it suitable for very large bulk tankers to be accommodated.
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NewsMiddle East projects boom
According to research company Proleads, there are around 50 port development projects in the Middle East valued at in excess of $33bn, with budgets ranging from $10m to $5.5bn.
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Iraqi imports thriving
The port of Umm Qasr, which is the entry point for 80% of Iraqi imports, is said to have doubled traffic following a government crackdown on militia activity in Basra province earlier this year.
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Israel workers' share
Trade union representatives of Israeli port workers have suggested that the government could put together a sweetheart stock deal for its members as part of the planned privatisation of Haifa and Ashdod, which is slated for completion by 2020.
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DP World reaches into Aden
DP World and Aden Port Corporation (ACT) have signed a joint venture agreement allowing the former to operate container handling facilities at both Aden Container Terminal and Ma''alla Container Terminal.
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APM further cements Tanger commitment
APM Terminals in partnership with Morocco''s Akwa Group has been awarded the concession to operate Terminal 3 at Tanger-Med II, which has a capacity of 3m teu.
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Damascus terminal 'ready for brisk business'
Prime Minister Mohammad Naji Ottari of Syria has officially inaugurated the Tartous International Container Terminal (TICT), Syria''s newest international trading gateway nearest to the country''s capital Damascus. The terminal is "ready for brisk business", according to Budhadev Majumdar, TICT general manager.
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Transas presence in Khalifa
Transas Middle East is to install and commission a Vessel Traffic Management Information System at the new Bahrain port of Khalifa, which is slated to become a regional transhipment hub. The software solution is due to be in place by mid-autumn.
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CVRD to invest in Oman
CVRD is to invest $1bn in Oman in the construction of an iron ore pelletisation plant and distribution centre at the Port of Sohar, which is also collaborating financially on the project. Annual throughput will be 7.5m tonnes of pellets.
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NewsGiant dredgers for Dubai
A joint venture between Boskalis Westminster Middle East and Dredging International will see both companies mobilise some of the biggest trailing suction hopper dredgers in the world for the construction and expansion of Port Rashid, Dubai.
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Salalah splashes out on equipment
Oman''s Port of Salalah is to invest $112m on supplying new handling equipment for recently commissioned berths, which will boost capacity from 4.5m teu to 6m teu.
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Saudi traffic up
Overall, in the first quarter, ports in Saudi Arabia handled a combined 36.1m tonnes, 9.94% up on the previous year.
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Israeli port reform
A tariff reform being considered for Israeli ports could save up to $290m over the next 10 years. In addition, port users willing to undertake operations outside normal daytime shifts will receive fixed discounts as an incentive.
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DP World buy-back
DP World is to ask its shareholders for approval to buy back 581m of its shares. At the same time, it is considering issuing securities totalling $553m, equivalent to one third of its existing share capital.
