Middle East News

UAE-based BioD Technology says the target markets for its waste-to-energy-based biodiesel include the maritime sector.

A total of 776,182 cubic metres (cbm) of marine fuel was sold at the Port of Fujairah last month – 140,135 cbm (22%) more than the 636,047 cbm recorded in September.

Bahri’s first gas-ready very large crude carrier (VLCC), the 319,000 DWT double-hull oil carrier Rayah, has been delivered.

As part of its ongoing shipbuilding programme to meet its LNG carrier requirements, QatarEnergy has ordered four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two from Samsung Heavy Industries (SHI).

The Arab Petroleum Investments Corporation (APICORP) and the National Bank of Fujairah (NBF) have signed a 5-year $108 million debt finance facility with Hartree Maritime Partners, LLC (HMP) intended to boost maritime sustainability.

Saudi Arabia’s Aramco has reported a Q3 net income of $30.4 billion, which was up 158% on the same period last year.

The 174,000 cubic metre-capacity Global Sea Spirit is the first vessel with X-DF propulsion to join the Nakilat fleet.

Dan-Bunkering (Middle East) DMCC has appointed two senior bunker traders to its Dubai office.

Some 636,047 cubic metres (cbm) of marine fuel were sold at the Port of Fujairah in September – 67,171 cbm (9.6%) down on the 703,218 cbm sold in August.

Iranian Navy Commander Rear Admiral Shahram Irani has said that the special forces of the Iranian Army's Navy fended off an attack by pirates on Iranian ships  on Saturday (16 October) in the Gulf of Aden.