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Panalpina Egypt relocates HQ to Cairo Cargo City The logistics giant has also moved all of its Cairo operations to the new national air freight hub.

Panalpina Egypt relocates HQ to Cairo Cargo City

Panalpina Egypt has moved its country head office to the newly developed Cairo Cargo City at Cairo International airport.

 •   Genavco completes 17,000-pallet Panalpina warehouse
 •   British Telecom to transform Panalpina communications
 •   Archer Daniels and Medsofts expand Egypt logistics ops


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Hapag-Lloyd merger reveals UASC’s huge net losses

Hapag-Lloyd merger reveals UASC’s huge net losses

The United Arab Shipping Company (UASC) suffered an operating loss of US $299-million and a net loss of US $384-million in 2015 off of a revenue of US $3.32-billion.
 
Ship repair yard to be built at Zayed Port in Abu Dhabi

Ship repair yard to be built at Zayed Port in Abu Dhabi

Abu Dhabi Ports and Abu Dhabi Ship Building (ADSB) have signed a contract for the construction of a fully-operational ship repair facility with a floating dock capability within Zayed Port.
 
Damen Shipyards Sharjah wins jack-up rig order

Damen Shipyards Sharjah wins jack-up rig order

UAE shipyard Damen Shipyards Sharjah (DSS) has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services.
 
$1.5bn Saudi fund to enable purchase of 15 VLCC tankers

$1.5bn Saudi fund to enable purchase of 15 VLCC tankers

A new Saudi shipping fund intends to capitalise on the unique opportunities presented by changes in the maritime oil logistics market in the Middle East.
 

 

Milaha revenues take a hit in first half of 2016

Milaha revenues take a hit in first half of 2016

Challenging offshore conditions and a downturn in the shipping sector hit the Milaha group hard in the first six months of the year.
 
Nakilat signs major fleet repair deal with Greek line

Nakilat signs major fleet repair deal with Greek line

Nakilat-Keppel Offshore Marine (N-KOM) and Greek tanker company Samos Steamship signs fleet repair and refit agreement.
 
UASC expands services to Indian subcontinent

UASC expands services to Indian subcontinent

The United Arab Shipping Company (UASC) has launched two new Indian Subcontinent – Europe services, known as IEC1 and IEC2.
 
Bahri reports near 50% profit growth despite downturn

Bahri reports near 50% profit growth despite downturn

Bahri said in a statement the growth in second quarter earnings is a result of its expanded VLCC fleet, higher spot rates and a recovery in the general cargo sector.
 
UASC, CMA CGM withdraw more tonnage from transpacific

UASC, CMA CGM withdraw more tonnage from transpacific

UASC and CMA CGM, part of an alliance with Hamburg Sud, have announced that they are withdrawing further tonnage from the transpacific market due to weak demand.
 
Turkey-Aqaba shipping service to be launched

Turkey-Aqaba shipping service to be launched

Officials say developing links between Turkish ports and Aqaba are a priority.
 
UASC merger plans fail to hold up Hapag-Lloyd stocks

UASC merger plans fail to hold up Hapag-Lloyd stocks

Hapag-Lloyd stocks have taken a hit since the confirmation of its intention to merger with Middle East shipping giant UASC.
 
Bahri plans to increase VLCC fleet to 46 by 2018

Bahri plans to increase VLCC fleet to 46 by 2018

The National Shipping Company of Saudi Arabia (Bahri) will increase its tanker fleet to around 46 ships by the end of 2018.
 
Al Sharqi Shipping awarded as top customer by CMA CGM

Al Sharqi Shipping awarded as top customer by CMA CGM

Al Sharqi Shipping has been awarded for the third time in row by CMA CGM as their top customer for 2015.
 
Hapag-Lloyd, UASC sign Business Combination Agreement

Hapag-Lloyd, UASC sign Business Combination Agreement

Combined company will open new Dubai office and rank among the world´s five largest liner shipping companies.
 
Hamad Port cuts waiting time for ships at Doha Port

Hamad Port cuts waiting time for ships at Doha Port

The newly developed Hamad Port has reduced the waiting time for ships at Doha Port, unburdening the customs clearance system, according to reports by the Peninsula.
 




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