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    The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu Dhabi. Organized by Biz Events Management, the one-day exclusive summit contemplated the technological advancements in the industry. The AIMTEK International Conference and Awards created an apt innovative platform to exchange knowledge, create ideas, and celebrate the notable achievements made by the industry leaders in Oil & Gas, Petrochemical and Renewal Energy.


  • Canadian Pension Will Invest $2.5B in DP World...

    One of Canada’s largest private pension fund investment managers, Caisse de dépôt et placement du Québec (CDPQ) announced the formation of a joint venture that will make an investment of up to $5 billion in Dubai’s DP World’s Jebel Ali Port and related operations in the UAE. The deal marks the first direct foreign investment into Dubai’s ports and logistics assets as part of the UAE’s efforts at privatization attracting foreign investment and reducing the debt of the state-owned company. It is an expansion of the pension fund’s existing investments with DP World and in keeping with the Canadian investor's interest in global infrastructure.

  • Posidonia 2022 Shipping Expo to Feature Greece’s...

    Coming up tomorrow the Posidonia 2022 expo will reveal the unbreakable connection between Greek culture and the sea. Set to open June 6th – June 10th at the Athens Metropolitan Expo, the exhibition will feature more than 1,900 exhibitors from 88 countries. 


DACA awards MOEI as a leader in decarbonisation, clean energy and sustainability in shipping

●      H.E. Yousef Al Ali: The UAE has planned to continue achieving net-zero emissions by 2050, and the onus is on us to ensure that we take the right steps to achieve this target as per the sustainability goals

●      H.E. Eng. Hessa Al Malek: Our initiatives for sustainable development have gone far beyond steps to ensure the progress of the maritime sector, and this award is a testament to our efforts


The Ministry of Energy and Infrastructure launches "Salmeen" initiative to reinforce the wellbeing of seafarers around the world

      Al Mazrouei: The launch of the Salmeen” initiative in conjunction with the Day of the Seafarer is in honor of seafarers who are the heroes of the global trade. They actively contribute to the continuity of global maritime operations amid the current challenges

      The UAE is a logistics hub linking international shipping lines. It receives the largest share of ships that reach the regions ports with more than 21,000 ships annually


DP World and PCFC to modernise Romania’s Constanta Port with a new RO-RO terminal

In a move that will further boost UAE-Romania bilateral relations and expand cooperation in trade and investment between the two countries, the Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and DP World to develop new infrastructure at the Port of Constanta. The agreement with the Dubai entities will help modernise and turn the Port of Constanta into one of the Black Sea’s most important cargo and vehicle hubs. 


UAE to partner with DAL Group to build new port

Speaking to Reuters, Abdellatif says the agreement was originally reached in July 2021, under the civilian-led transitional government. However, following the October coup, many international donors suspended billions in aid and investments to Sudan, worsening an already fragile economy and depriving the government of necessary foreign currency.


Al Seer Marine acquires VLCC’s valued at AED 404mln

  • Acquisition on target with Al Seer Marine’s strategic expansion plans to become major global player, acquiring up to 15 ships in 2022
  • New vessels have a combined carrying capacity of 640,000 DWT
  • Tankers expected to provide IRR of greater than 20%