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  • Saudi considers selling shares in oil giant Aramco

    Saudi Arabia's government is considering whether to sell shares in state oil giant Saudi Aramco as part of a privatisation drive to raise money in an era of cheap oil, deputy crown prince Mohammed bin Salman told The Economist magazine.
     

  • Egypt arrears to oil firms rises to $3bn

    Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters on Sunday.

  • Engineer Yasser Zaghloul, CEO of National Marine...

    National Marine Dredging Company is considered a leading public shareholding in marine dredging projects with a history extending to nearly 4 decades of accumulated expertise through the completion of several leading projects, thanks to its capacity, expertise and team it has become one of the world’s most important companies in marine dredging, digging canals, ports and deepening them; in addition to different marine construction works.

  • Al-Jarwan: Our Plans to Develop Oil Fields that...

    Abu Dhabi Marine Operating Company is considered one of the major companies in the production, processing and exporting of oil and gas in the region that has been working for more than half a century in this field under the umbrella of “ADNOC” in offshore areas in Abu Dhabi. 

  • LNG global capex set to reach $241bn

    Capital expenditure on LNG facilities has risen substantially in recent years, a report said, noting that this trend is set to continue with total expenditure expected to reach $241 billion between 2016 and 2020.

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TASNEEF showcases key achievements for the first quarter of 2017

Emirates Classification Society “TASNEEF” recently showcased its key 2017 first quarter achievements at the Naval Defence Exhibition and Conference 2017 “NAVDEX” in Abu Dhabi. The event also provided the opportunity for TASNEEF to establish strategic partnerships with similar organisations exhibit its projects and connect with customers.

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Drydocks World celebrates 3 decades of maritime excellence

Drydocks World the international service provider to the shipping, offshore, oil, gas and energy sectors commemorated the yard’s 34th anniversary with a celebration to mark the yard’s achievements and recognize employees for over 30 years of service.

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Meyer's Group orders two Damen ASD 2913 Tugs for new Panama Canal locks

The Meyer's Group has ordered two, powerful Damen ASD 2913 Tugs to operate in the newly expanded Panama Canal. At an official signing ceremony at the Panama Maritime XIII World Conference, Michel Mittelmeyer, Chief Executive Officer said the Meyer’s Group was awarded a contract last year to offer towage support in the new Panama Canal locks. These new tugs fulfil the requirements of the Panama Canal Authority as more powerful vessels, of at least 80 tonnes bollard pull, are needed given the ever-increasing size of vessels, adds Mr Mittelmeyer. 

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Dubai Maritime City Authority issuing licenses for boats visiting and participating in Dubai International Boat Show 2017

As part of its role as the government entity supporting Dubai International Boat Show 2017, the Dubai Maritime City Authority (DMCA) is taking all the necessary measures to ensure the issuance of marine licenses to boats visiting and participating in the 25th edition of the Middle East’s biggest maritime event taking place at the Dubai International Marine Club, Mina Seyahi from February 28 to March 4, 2017.

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Emirates Maritime Arbitration Centre enhances UAE’s global position in the legal sector

By Effat Mostafa

The establishment of the Emirates Maritime Arbitration Centre (EMAC) is an important milestone in consolidating the foundations of maritime arbitration, an essential component of the global maritime industry. The first of its kind in the Middle East, EMAC addresses and resolves maritime disputes via deliberations based on legal frameworks and independent regulatory guidelines and standards. This supports the UAE’s goal to be one of the most competitive maritime centres in the world.

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