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Middle East

Libya Oil Output Slashed by Port Attacks

On Monday the National Oil Corporation confirmed the loss of storage tanks 2 and 12 at the Ras Lanuf port terminal (Photo: NOC)

Libya has lost some 400,000 barrels per day (bpd) of oil production in recent days because of militant attacks at the Ras Lanuf and Es Sider ports, the head of the National Oil Corporation, Mustafa Sanalla, said on Tuesday.Sanalla said there were still militants present in the area of the terminals,

APM Terminals' New Gateway to Iraq

Photo: APM Terminals

 New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo.    Containers imported into Iraq will no

AMPTC Inks Deal with ASRY for BWTS Installs

Sea Jewel, the first AMPTC vessel to receive BWTS retrofit from ASRY (Photo: ASRY)

Egypt-based Arab Maritime Petroleum Transport Company (AMPTC) has signed a deal with Bahrain-based maritime repair and fabrication facility ASRY to install ballast water treatment systems (BWTS) on part of its fleetThe agreement has already seen one system installed the very large crude carrier (VLCC) Sea Jewel,

Hapag-Lloyd Scaling Back Iran Business

(File photo: Hapag-Lloyd)

German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran.Hamburg-based Hapag-Lloyd, the world's fifth largest container company, said it had initiated

Container Handling Up 45% at King Abdullah Port

Rayan Qutub, Chief Executive Officer. Photo: King Abdullah Port

Rayan Qutub, CEO of King Abdullah Port, has announced that the port has achieved new heights in container handling this year, already showing a 45% increase during the first four months of 2018 compared to the same period in 2017.   Qutub confirmed that the substantial increase will play an important

Polarcus Names Oestergaard COO

(Photo: Polarcus)

Seismic vessel owner Polarcus Limited has appointed Lars Oestergaard as chief operating officer effective immediately. He will lead the company’s geophysical, operations and sales teams as well as the EHSQ department.Oestergaard joins Polarcus from Maersk Drillingm, where he held a number of operational and commercial roles,

Suez Canal Revenue on the Rise

© Andriy Kovach / Adobe Stock

Egypt's Suez Canal revenue for the first 10 months of the 2017-18 fiscal year ending in June rose to around $5.1 billion, state news agency MENA quoted Finance Minister Amr El Garhy as saying on Sunday.Garhy did not provide a comparative figure but said he expected revenue for the entire 2017-18 fiscal year to reach about $5.

Damen ASD 2913 Tug Launched in Saqr Port UAE

RAK PORT & Albwardy Damen new build team in front of the new ASD Tug 2913 for Saqr Port. Photo provided by Damen

 The new ASD Tug 2913 for Saqr Port, part of Ras Al Khaimah (RAK) Ports, has been launched at the Albwardy Damen shipyard in Sharjah, UAE.    Ordered twelve months ago, the tug will join the RAK Ports tug fleet and operate in the new and impressive deep-water bulk terminal currently nearing completion at the port.

Aqualis Offshore Completes Jacket Installation in Bahrain

Ballast tanks to lower jacket. Photo: Aqualis Offshore Ltd

 Aqualis Offshore has completed the jacket installation engineering of an 1800T steel jacket structure offshore Bahrain as part of the Bahrain LNG Import Terminal.   Aqualis Offshore, part of Oslo-listed Aqualis ASA, delivered the project in cooperation with APMC, who were in charge of the transportation

Torm Stops Taking Orders in Iran Due to US Sanctions

(Photo: Torm)

Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran."We follow the situation closely and always follow the rules. Therefore, we have also stopped taking new orders in Iran," a spokeswoman told Reuters.

Total to Set Up LNG Bunkering Hub in Oman

French energy group Total said it had signed a memorandum of understanding with the government of Oman to develop natural gas resources in the country."Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25 percent and 75 percent,

China's Crude Oil Futures Boom Amid Looming Iran Sanctions

© Igor Groshev / Adobe Stock

A U.S. decision to reimpose sanctions on Iran is supporting China's newly established crude oil futures, and may spur efforts to start trading oil in yuan rather than dollars, traders and analysts said.Since launching in March, Shanghai crude oil futures have seen a steady pick-up in daily trading,

Shell, Total to Develop Gas Project in Oman

Photo: Total

 Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses.   Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%,

Explosion Damages Bulker en Route to Yemen

© Tayfun Nuhlar / MarineTraffic.com

An explosion has damaged a Turkish vessel carrying wheat to Yemen's Houthi-controlled port of Saleef, with varying accounts attributing the incident on Thursday to an unexplained blast aboard the ship or a possible missile strike.A naval ship of a Saudi-led military coalition received a call from the captain of the vessel,

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