Middle East – Page 8
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NewsMajor operator boasts of volumes growth
Port operator DP World handled 71.4m teu across its container terminals last year, with gross container volumes growing by 1.9% year-on-year on a reported basis and 2.9% on a like-for-like basis.
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NewsTime for a Middle East rethink
Despite their world-class reputation, the region’s ports may need to re-evaluate their offering. Stevie Knight reports
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NewsSecurity concerns prompt Haifa investigation
In a move that could have repercussions for China’s investment in overseas ports, Israel has launched a review into a Chinese deal to develop part of the port of Haifa, amid US security concerns.
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Middle East ports at critical turning point
Chronic port overcapacity hangs heavy over the Middle East region, with capacity growth more than double that of throughput growth.
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Iran to sue US over “cruel” sanctions
Iran will bring a lawsuit against the US at the International Maritime Organization (IMO) following “cruel” sanctions and restrictions on its vessels which could see them prevented from entering ports.
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US sanctions exceptions for Chabahar
US Secretary of State Mike Pompeo has granted an exception to US sanctions that will allow India to develop Iran’s Chabahar Port.
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NewsAPM Bahrain IPO is “chance for proceeds”
Khalifa Bin Salman Port (KBSP) operator APM Terminals Bahrain’s BHD 11.8m decision to make an initial public offering (IPO) of 18,000,000 of its shares is a timely money making and investment opportunity, says Drewry’s senior analyst - Ports & Terminals.
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Gulftainer ready to splash the cash
Gulftainer could invest $3bn over the next half a decade, chief executive Peter Richards has revealed.
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Khalifa upgrade contract awarded
The UAE-based National Marine Dredging Company (NMDC) has said it has been given a $268m contract to expand the country’s Khalifa Port.
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Chabahar fast-track to beat US sanctions
A deal to hand the operation of Iran’s Chabahar Port to India has been sped up after being hampered by a pay dispute and impending US sanctions on Iran.
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Saudi Navy stops attack on Jizan Port
The Royal Saudi Navy Forces have destroyed two explosive-laden Houthi boats targeting Jizan Port, according to a Saudi Press Agency report.
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NewsHodeidah fighting is choking port
Intensification of fighting around Hodeidah in Yemen is choking the port which the aid operation and the commercial markets depend on, a UN relief chief has stated.
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NewsFinTech platform to help test new ideas
Abu Dhabi Ports subsidiary Maqta Gateway and Abu Dhabi Global Market have partnered to launch a creative platform for FinTech innovator firms to develop and test new solutions.
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NewsEritrea considers new Red Sea port
Plans to construct a port on Eritrea’s Red Sea coastline indicate Eritrea’s re-emergence as a possible investor destination following the end of two decades of political tensions between the nation and Ethiopia.
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NewsIran’s PMO to launch 23 projects
Iran’s Ports & Maritime Organization (PMO) will inaugurate 23 development projects in the country’s ports during the Government Week (23–29 August), Islamic Republic News Agency has reported.
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NewsGulftainer CEO calls for collaboration
Greater collaboration in the maritime industry could turn challenges into opportunities, the group chief executive officer of Gulftainer has said.
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NewsHodeidah strikes could cut off port supplies
Airstrikes on the Houthi rebel-held port city of Hodeidah in Yemen are escalating the risk of food and humanitarian supplies from the port being cut off, a UN boss has warned.
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Mitsubishi to modernise Iraq port facilities
Mitsubishi Corporation (MC) has been awarded a circa US$110m port rehabilitation contract to modernise existing industrial port facilities around Basra.
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NewsHaifa and Ashdod workers end strike
Workers at Haifa and Ashdod ports have agreed to end a strike beginning 10 May which resulted in labour shortages and an ignored court order.
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NewsIran’s ports face return to harder times
The US withdrawal from the JCPOA (nuclear) agreement will mean the re-entry of direct sanctions against Iran’s port operators alongside those aimed at South Shipping and IRISL lines, according to UK P&I Club-Thomas Miller.
