Middle East News

Propeller Fuels has announced the opening of a new trading office in Dubai.

King Abdullah Port has reported a 3.25% year-on-year (y-o-y) increase in container throughput in 2022.

AD Ports Group has announced the inauguration of the first cruise terminal in Aqaba, Jordan.

International Marine & Energy (IME) has increased its bunker barge fleet to six vessels as it looks to further regional and global expansion.

Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) and Proman have signed a shareholders’ agreement to develop the United Arab Emirates’ first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi.

Montfort has reportedly emerged as the top bidder for Uniper Energy DMCC’s oil refinery in the United Arab Emirates, which is a source of fuel for the local bunkering industry.

ABS and the Suez Canal Authority (SCA) have signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and decarbonisation strategy for the canal.

ADNOC Gas brings together the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global, consolidated business. 

DP World and A.P. Moller-Maersk (Maersk) have entered into a long-term partnership which includes working on operational efficiencies and customer service as well as collaboration on decarbonisation.

Dubai-based shipbroker OceanEXL has established a new division which will trade refined oil products, including marine fuel, and also undertake physical supply operations.