Iraq expects exports of Basrah Medium to rise over the remainder of this year, with operations at the Basrah terminal being reconfigured to dedicate more capacity to the recently created crude grade, the State Oil Marketing Organization’s deputy director general, Ali al-Shatari, said Sept. 1.
Libyan Ports Company discusses with German-Swiss Liebherr provision of equipment, spare parts and training
A meeting was held at the headquarters of the Libyan Ports Company (LPC) on Monday with the German-Swiss Liebherr company specialised in ports equipment.
DP World, UAE Region adopts “ZODIAC” training program, developed by UAE calibers to improve the global supply chain efficiency
DP World, UAE Region, the leading smart trade enabler introduced the ZODIAC training programme, led by in-house Emirati calibres in The Ports and Terminals Training Center (P&TTC). The programme accredited by City & Guilds is now a recognised benchmark for effective training programmes to improve supply chain utilisation globally.
In the recent past, blockchain has experienced a media-driven surge in popularity, capturing the interest of the shipping sector. With companies like Maersk and IBM announcing the creation of an industry-wide blockchain solution for the shipping sector, and Hyundai Merchant Marine declaring the completion of its maiden journey with the help of blockchain, the industry is all set for a blockchain-driven transformation.
Juma Khalifah Abushibs: The future of the shipping industry is bright and a lot of business is coming towards UAE’s direction
As the COVID-19 pandemic took over the world and halted all business activities, most companies suffered a backlash in terms of revenue and had to either downsize their workforce, or were forced to continue operating without employees being paid salaries regularly. Along with travel restrictions imposed by governments getting tighter, and transport of goods becoming an increasingly difficult task, most shipping companies faced the heat of the challenges that came with the pandemic. During this time period, it was no longer the survival of the fittest, but the survival of the ones that were the fastest to adapt to change.
Energy intelligence firm Wood Mackenzie has shared that Ithaca Energy has made an oil discovery at Fotla prospect in the UK North Sea, labeling it "a ray of light" in what’s been a tough year for UK exploration activity, with 2021 on track for the fewest number of completed wells since the 1960s.