Bahri accepted the delivery of Khurais, a Very Large Crude-oil Carrier (VLCC) on April 10, 2018. The new addition brings the total number of the vessels in Bahris fleet to 92 and is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries (HSHI), the worlds largest shipbuilding company. Khurais was delivered at a ceremony held at HSHIs Mokpo shipyard in South Jeolla Province, South Korea. Capable of transporting two million barrels of crude oil, the 300,000-DWT carrier is the ninth of 10 VLCCs ordered from the South Korean shipbuilding company as part…
Author: Mehak Srivastava
RSA Global has acquired a majority stake in Meesan Logistics, whereby both companies will develop their joint expansion plans in the Indian market
The new passenger modules will be easily interchangeable with regular cargo containers during a typical turnaround if required
Gulftainer recently welcomed the CMA CGM Antoine De Saint Exupery on its maiden call at its flagship Khorfakkan Container Terminal
In its agenda Cargo Strategy 2018, IATA discusses air cargo trends and its impact on the global economy; with comments from DHL Express
UAE represents the largest export market for the EU in the GCC region, with exports amounting to EUR42bn in 2017 and accounting for 2.3% of total EU exports
Abdul Latif Jameel Motors, the authorised distributor of Toyota in Saudi Arabia, has announced the opening of a new state-of-the-art Toyota and Lexus facilities in Hufof. The site, developed by Abdul Latif Jameel Land, hosts a state-of-the-art, a customer-centric indoor showroom and an outdoor area that displays approved used Toyota and Lexus cars, and provides a full spectrum offering of sales, service and spare parts (3S), said a statement. The development comes as part of Abdul Latif Jameels previously announced planned domestic investment of SAR7.5bn ($1.99bn) in Saudi Arabia over the next five years. The 11,931sqm centre includes a 12-car…
Al-Futtaim Auto & Machinery Company (FAMCO) launched the Volvo FH460 Trucks, equipped with advanced safety features in the UAE
The eighth edition of the Annual Investment Meeting (AIM) will be held at the Dubai International Convention and Exhibition Centre from April 9-11, 2018, playing host to an investment conference with global experts, academics, and experienced consultants to update AIM audiences with contemporary investment trends in FDI. Free zones add $500bn worth of trade-related value globally while 66 million people are employed by companies registered within free zones, according to the report. A free trade zone is an area geographically within a countrys boundaries but designated outside of its customs area. In theory, a free port allows manufacturing and value-added processing…
Dubais Roads and Transport Authority (RTA) has awarded contracts worth AED465mn ($126.5mn) for the procurement of 316 multi-size buses compliant with the European Emission Standards featuring Euro 5 and Euro 6 buses. With this, the fleet of RTA buses will rise to 2085 buses by 2019. Mattar Al Tayer, director-general and chairman of RTA, commented: The procurement of the new buses is part of a master plan set out to upgrade mass transit systems in Dubai and keep them aligned with the highest global practices. The plan also calls for providing best-in-class services to mass transit users and keeping abreast…