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DP World launches US $1.2bn Sukuk on Nasdaq Dubai The listing by DP World reinforces Dubai’s status as the global leader for Islamic bond listings, with a total nominal value of 44.56 billion US dollars.

DP World launches US $1.2bn Sukuk on Nasdaq Dubai

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, rang the market-opening Monday to celebrate the listing on Nasdaq Dubai of a 1.2 billion US dollar Sukuk.

 •   DP World raises US $1.2-billion in sukuk financing
 •   Bahri will issue 10-year sukuk to cover Vela costs
 •   Jafza issues US$650 million Sukuk due in 2019


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Panama Canal expansion may hurt MidEast gas exporters

Panama Canal expansion may hurt MidEast gas exporters

The expansion of the Panama Canal will allow US gas exporters to better-compete with the Middle East’s easy access to Asian markets.
 
UASC's new freight rate system transforming shipping

UASC's new freight rate system transforming shipping

UASC giving customers freight rates in real-time through select 3PLs, resulting in faster quoting for shippers and more business wins.
 
More PPPs needed to enhance Dubai maritime sector

More PPPs needed to enhance Dubai maritime sector

Marine Advisory Council calls for dynamic public-private partnerships to make Dubai’s maritime sector world’s most competitive.
 
Hydrogen fuel cell device to be available by 2017

Hydrogen fuel cell device to be available by 2017

A device to cut fuel use by 10 to 15 per cent and reduce exhaust emissions of internal combustion engines will be targeted at trucks, ships and trains.
 

 

Neptune Lines launches new GCC auto transport service

Neptune Lines launches new GCC auto transport service

Neptune Lines has launched a short sea vehicle transportation service in the Arabian Gulf, linking all six GCC states as well as Iran.
 
SEC and Bahri aim to localise Saudi electricity sector

SEC and Bahri aim to localise Saudi electricity sector

Saudi Electric Company (SEC) and Bahri have signed an agreement aimed at localising the generation, transmission and distribution of electrical power.
 
Abu Dhabi Marine Services takes delivery of Shoalbuster

Abu Dhabi Marine Services takes delivery of Shoalbuster

Abu Dhabi Ports’ subsidiary Safeen (Abu Dhabi Marine Services) has taken delivery of a Damen Shoalbuster 2609 named Maqtaa to join its existing fleet.
 
Qatar's Tokyo Freight doubles fleet with truck order

Qatar's Tokyo Freight doubles fleet with truck order

Tokyo Freight Services, a well-known freight forwarding and shipping company took delivery of a large number of Volvo FM 400 4X2 Tractor Heads.
 
UASC owners approve Hapag-Lloyd merger 'in theory'

UASC owners approve Hapag-Lloyd merger 'in theory'

The majority owners of UASC have approved an amendment to the company’s rules, paving the way for a merger with German shipping line Hapag-Lloyd.
 
HullWiper set to launch in Europe’s biggest port

HullWiper set to launch in Europe’s biggest port

Unlike other cleaning solutions, HullWiper uses seawater under high pressure as a cleaning medium, instead of brushes or abrasives, minimising damage to the antifouling surface
 
Fuel savings prompt K Line to select ClassNK CMAX LC-A

Fuel savings prompt K Line to select ClassNK CMAX LC-A

ClassNK CMAXS LC-A was selected following a successful trial installation in 2014, which delivered proven fuel and lubricating oil savings of 200 tonnes/year
 
Price top concern in choosing containership carriers

Price top concern in choosing containership carriers

Xeneta has over 600 major international businesses providing the latest ‘crowd-sourced’ data on their shipping costs, providing over 12 million contracted rates, covering more than 60,000 port-to-port pairings, on all main global trade corridors
 
Drydocks World wins second “Best Repair Yard” Award

Drydocks World wins second “Best Repair Yard” Award

The yard is spread over 200 hectares, 4 drydocks with the largest dock capable of handling the world’s largest ship and over 3,700m of berth space
 
Damen Shipyards Sharjah wins  Best New Build Yard Award

Damen Shipyards Sharjah wins Best New Build Yard Award

Award made at 7th International Maritime Awards held at Shiptek 2016
 
ABB Turbocharging debuts marine auxiliary product

ABB Turbocharging debuts marine auxiliary product

Designed for ease of operation and service the turbocharger supports a condition-based maintenance concept
 




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