ADNOC L&S Exercises Options for Two More LNG Carriers at Jiangnan
ADNOC Logistics and Services has exercised options for two further LNG carriers at Jiangnan Shipyard in a $444m order, lifting its LNG fleet to 24 vessels.
Khorfakkan Terminal Expansion Targets 5m TEU on the Route Around Hormuz
Gulf Terminals Group is expanding Khorfakkan Commercial Container Terminal from 3.5m to 5m teu of annual capacity, targeting more than 10m teu long term at a port outside the Strait of Hormuz.
DP World Spends $100m a Month Keeping Jebel Ali Ready as Ships Divert
DP World is spending about $100m a month to keep Jebel Ali in a state of readiness while vessels avoid the crisis-hit UAE gateway, with the port running at around 10% of normal capacity.
Iran Turns Back Chinese Tanker While Still Holding UAE Product Carrier
The IRGC says it warned off a Chinese oil tanker rather than attacking it, while continuing to detain the UAE-linked product tanker Amara near Larak Island.
UAE Suspends All Trade With Iran After Antiship Missile Strike
The United Arab Emirates has suspended all trade and financial transactions with Iran after two ballistic missiles targeting maritime navigation fell in and near its territorial waters.
AD Ports Profit Jumps As Fleet Doubles And Hormuz Reshapes Its Cargo
AD Ports Group almost doubled second-quarter net profit as its shipping arm expanded sharply and disruption in the Gulf pushed cargo onto alternative routes.
DP World signs 50-year deal for two new Fujairah terminals
DP World has reached a formal agreement in principle to build two new terminals on the UAE's east coast, expanding its gateway network well beyond the Strait of Hormuz.
DP World plans two east-coast UAE terminals beyond Hormuz
DP World has confirmed plans for two terminals on the UAE's east coast, creating cargo capacity outside the Strait of Hormuz.
ADNOC sanctions a $6.2bn offshore gas expansion
A Gulf national oil company has taken a $6.2bn final decision to develop an offshore gas field with international partners.
Vitol sails stranded aluminium cargo out of Strait of Hormuz
Vitol has shipped a stranded cargo of about 35,000 tonnes of aluminium out of the Strait of Hormuz, an early sign of normalising trade flows after months of disruption.
Liner networks shift away from Asia's mega hubs
Container carriers are permanently restructuring their networks away from Asia's largest transhipment hubs towards secondary regional ports, according to Sea-Intelligence analysis of UNCTAD connectivity data.
New dry bulk outfit emerges in Dubai
A new Dubai-based dry bulk venture, Mayborne Bulk, has launched under industry veterans Jesper Lollesgaard and Parikshit Sial, with an asset-light model focused on the handy, supramax and ultramax sectors.
Safeen Subsea lands offshore installation contract
AD Ports Group's Safeen Subsea has won a contract to install sleepers, riser clamps and risers for an undisclosed but 'major' offshore project in the region.
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