Dubai: DP World, one of the world’s largest port operators, reported on Monday a 4.4 per cent rise in gross container volumes in the first quarter. The port operator, whose operations stretch from Dubai to South America, handled 15 million twenty-foot equivalent units (TEU), a shipping container measurement, for the three months ending March 31, […]
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Dubai: Terminal operator DP World has signed a contract with Emirates Boats to build a new prototype pilot boat for its Marine Department at Jebel Ali Port. A new generation of 50 foot long inflatable pilot boats with a top speed of 38 knots able to carry nine people could follow after testing the prototype. […]
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Muscat: Amec Foster Wheeler has been handed a contract by the Oman Tank Terminal Company (OTTCO), for the front-end engineering design of the Ras Markaz Crude Oil Park Project in Oman. Located 70 km south of the Port of Duqm on the Wusta Coast, the Ras Markaz project involves the phased development of a terminal […]
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Dubai: The falling oil price and cost of marine bunker fuel will translate to higher profitability and economic growth, according to Sultan Ahmed bin Sulayem, chairman of DP World. The Dubai-based container terminal operator plans to double investment in its network in 2015, spending to up to $1.9bn this year in a bid increase its […]
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Dubai: DP World will nearly double its investments this year as the terminal operator looks to up capacity across its worldwide terminals by 14%. DP World will spend up to $1.9bn this year, up by $900m from the year before, according to chairman Sultan Ahmed bin Sulayem. Expansions at terminals in Jebel Ali, Turkey, Rotterdam […]
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An arbitration centre for the shipping industry has been established at Dubai on Tuesday. The Emirates Maritime Arbitration Centre (EMAC) will be covering disputes within the Middle East maritime industry, according to Gulf News. It will work together with Dubai Maritime City Authority, which will draft relevant marine laws and regulations on sea shipping, bunker fuel supply, and others that […]
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