Unions protest over Alexandria Containers and DP World alliance

Unions protest over Alexandria Containers and DP World alliance

Cairo: DP World has received approvals to form an alliance with Alexandria Containers & Cargo Handling to bid in a tender to build, operate and deliver the new CT3 berth 100 container terminal at Dekheila Port, Egypt. Alexandria Containers’ Board of Directors and Egypt’s Ministry of Transport granted the approvals, but the...

Al Qaeda targeting oil chokepoints

Al Qaeda targeting oil chokepoints Cairo: Al Qaeda has called for attacks on chokepoints of oil shipments to the West in an English language propaganda magazine posted online. The terrorist group has highlighted the Straits of Gibraltar, the Straits of Hormuz, the Sue...

Egypt tries to position itself as grain hub

Egypt tries to position itself as grain hubCairo: The government has begun taking steps to convert Egypt into a global logistics centre for the handling and storage of grain and food commodities, according to Prime Minister Ibrahim Mehleb. Damietta has been identified as the ...

Contracts roll in for Aqualis

Contracts roll in for AqualisDubai: Aqualis Offshore, part of Oslo-listed Aqualis ASA, has bagged three new contract awards for the company’s Middle East offices. The company’s Dubai office has entered into an agreement with ONGC to provide the oil company ...

New national rail project in Oman will boost ports

New national rail project in Oman will boost portsMuscat: Oman’s new national rail project will boost the country’s ports sector with more cargoes, the Port of Duqm Company (PDC) says. A proposed rail network passing through Duqm will take a more interior route through oil an...

Summit discusses Somalia challenge

Summit discusses Somalia challengeDubai: Piracy, terrorism and criminal activities originating in Somalia can only be addressed by creating a climate of security, engagement and empowerment that will encourage home grown businesses, international investment and alter...

Dredging contracts handed out for new Suez Canal

Dredging contracts handed out for new Suez CanalCairo: Egypt has signed two contracts with a consortium of six international firms for the dredging work of the new Suez Canal alongside the original one. "It is a very challenging project if you look at the timeline. We are looki...

More direct calls expected at Sohar

More direct calls expected at SoharSingapore: The switch of cargoes from Muscat to the port of Sohar in Oman should bring solid growth in shipping volumes to the country plus more direct calls, according to Edwin Lammers, the executive commercial manager at the port o...

Falling oil price threatens Iranian infrastructure plans

Falling oil price threatens Iranian infrastructure plansDubai: Falling oil prices could put a stop on infrastructural development in Iran, an analyst said today. Dr Mehrdad Emadi, senior economic advisor to the EU, said in an interview that infrastructure projects such as road, port, a...

Gulf Navigation gets go-ahead for bond conversion

Gulf Navigation gets go-ahead for bond conversionDubai: Gulf Navigation Holding has received regulatory approval to convert $60m (220m AED) of bonds into shares to settle its debt. The company has been working on a turnaround and restructuring plan since last year.

Dubai Petroleum finds gas in offshore Dubai well

Dubai Petroleum finds gas in offshore Dubai wellDubai: Dubai Petroleum Establishment (DPE) has identified significant volumes of gas in its T-02 deep gas exploration well, located in the offshore Fateh field in the Arabian Gulf, around 100km off the coast from Dubai. The high-p...

Canal debate divides industry

Singapore: The latest quarterly online poll for our sister title, Maritime CEO, has garnered more than 300 votes with just under a month to go before voting ends. Around 58% of respondents said there was no need for the Nicaragua Canal, one of six to...

Hodeidah port falls to Huthi militants

Dubai: Yemeni rebels have seized a major port city. The Huthi Shiite rebels met little resistance as they overran Hodeidah late on Monday, taking control of Yemen's second most important seaport. Huthi militants are now in control of both the port...

Sohar to offer LNG bunkering services

Muscat: Sohar Port and Freezone is to offer ship-to-ship LNG services to vessels, following an announcement at the 2014 Singapore International Bunkering Conference that it has put measures in place to begin issuing licenses to LNG service providers.

Israel Corp to spin off Zim

Cairo: Israel Corp will list a company comprising some of its less profitable assets in Tel Aviv and New York and inject about $100m into the business. The spin-off - Singapore-incorporated Kenon Holdings – will include five units: boxline Zim, chi...

Another big win for Drydocks World

Dubai: Drydocks World has signed an agreement with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform in the North Sea, named BorWin gamma. Drydocks World has successfully secured the contract for the fabrication, c...

Transworld and NAWAH co-operate at Iraq's Port of Basra

Dubai: Dubai-based companies Transworld Group and NAWAH have entered into a formal agreement to jointly handle import cargo at the Port of Basra, Iraq. NAWAH Port Management (NPM), NAWAH’s port operations business unit, operates the first modern...

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In Focus

Laying tracks in the sand

Edwin Lammers from Sohar Port and Freezone on dramatic rail construction in the region

Laying tracks in the sand

The Middle East is currently embarking on its most ambitious rail network ever. Some US$250 billion has been allocated for the construction of 67,000 kilometres of railway lines that threaten to create a new economic powerhouse to rival some of the world’s most robust economic blocs. These plans include an eagerly anticipated network of predominantly freight lines known collectively as the Gulf Railway that will connect Bahrain, Kuwait, Qatar, UAE, Saudi Arabia, and Oman over the next three years, according to Abdullah Al Shibli, Assistant Secretary-General for Economic Affairs at the General Secretariat of the GCC. The 2,117km line will provide vital transport links between the regions logistically starved inland cities and its burgeoning port infrastructures, as well as opening up new trade and investment flows that promise to drive growth beyond 2020 – creating a wave of employment opportunities along the way.

Already home to a multi-billion dollar trade surplus and one of the world’s largest nominal GDP, in Saudi Arabia, GCC nations have seen a resurgence in their economic outlooks following the financial crisis in 2008, and the addition of new rail transportation looks set to consolidate this progress. With economies outgrowing inland infrastructures on almost all fronts, and the desire to increase cargo volumes in order to compensate for rising commercial warehousing costs in places like Dubai, the new rail network will be central to any growth ambitions in the Gulf. As in days past, the importance of rail has been highlighted  ...   More>>