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  • Abu Dhabi's NPCC posts 57pc jump in 2017...

    National Petroleum Construction Company (NPCC), a subsidiary of the Senaat Abu Dhabi, has registered a net profit of Dh700 million ($191 million) in 2017, up 57 per cent compared to the previous year, despite the impact of low oil prices.

  • DP World UAE generates trade worth $83bn

    UAE Region, including Jebel Ali Free Zone (Jafza), has reaffirmed its position as the region’s top trade and logistics hub by generating 29.4 million metric tonnes (mt) of trade, valued at $83.1 billion in 2017.

  • Mubadala unit, Siemens expand MRO deal

    Mubadala-owned Turbine Services & Solutions (TS&S), a leading maintenance, repair and overhaul (MRO) provider for gas turbines and Siemens, have reinforced their relationship with an expanded supplier agreement contract.
     

  • Corpetrolsa Group of Ecuador to take delivery of...

    Damen Shipyards Group has signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs; one Stan Tug 1205 and two Stan Tugs 1606. The tugs will be operated by Corpetrolsa subsidiary DLEN S.A. to support its bunkering operation.        

  • Adnoc, Ravago discuss chemical project...

    The Abu Dhabi National Oil Company (Adnoc) said it has signed a Memorandum of Understanding (MoU) with Ravago Group (Ravago), a leading service solutions provider in the global polymers and chemicals market, to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.

  • Dana Gas gets $23m Pearl Petroleum dividends

    Dana Gas, the Middle East’s largest regional natural gas company, said it has received a dividend payment of Dh83.5 million ($22.75 million) from Pearl Petroleum Company, a leading producer and developer of natural gas assets in the Kurdistan region of Iraq in proportion to its shareholding in the company.

  • GAC Abu Dhabi achieves Adnoc ICV certification

    GAC Abu Dhabi has been certified under the Abu Dhabi National Oil Company’s (Adnoc) in-country value (ICV) programme to support local businesses and their role in driving economic diversification and gross domestic product (GDP) growth in the UAE.

  • Drettmann International Sells Majesty 100...

    Drettmann International, representing the Majesty Yachts product line of the Emirates based shipyard Gulf Craft, for the European market, Russia and Ukraine, is pleased to announce the sale of the next Majesty 100 superyacht to an experienced Russian yacht owner.  The project will be built for the owner’s private use together with his family. She will be soon joining her sister-ships in the Mediterranean.

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A Tanker Investigation: What Does the Future Hold?

By: Dushane Solomon - Aya Hassan

Two separate attacks in two consecutive months have caused maritime upheaval, and with uncertainty shrouding the industry’s future, regional experts weigh in to assess the ramifications

English

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