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CAVOTEC, the Switzerland-based engineering company, has won three orders from ZPMC and TGPC for motorised cable reel technologies for installation on ship-to-shore (STS) cranes and rail-mounted gantry (RMG) cranes at DP World’s new container terminal at Jebel Ali Port in the United Arab Emirates.

OMAN Oil Company (OOC) and Korean chemicals and plastics company, LG International (LGI) have agreed to form an $850m joint venture (jv) to develop an industrial projects at Middle Easten  port of Soha, in Oman.

Published in Finance Deals

MIDDLE EAST Dredging Company (MEDCO) has placed an order at UK-based Weir Minerals to supply pumps to be used in the dredging of the New Doha Sea Port in Qatar.

ABU DHABI TERMINALS (ADT) has ordered a further 12 automated stacking cranes (ASCs) from Konecranes for the new port of Khalifa, in the UAE.

VOPAK and Saudi Basic Industries Corporation (SABIC) have formed a joint venture to build and operate a major new petrochemicals storage terminal at King Fahd Industrial Port at Jubail in Saudi Arabia.

Published in Finance Deals

“Economic volatility in developed markets is causing a shift in traditional trade patterns from east-west trade in the northern hemisphere markets to east-west trade in southern, emerging markets,” Vice Chairman of DP World, HE Jamal Majid bin Thaniah has warned.

Published in Regulation and Policy

GULFTAINER has won a 25 year concession to develop and operate a new container terminal at the Port of Tripoli in northern Lebanon, Peter Richards, Managing Director of Gulftainer, told Port Finance International on Wednesday.

Published in Finance Deals

DP WORLD’s divestments in container terminals has allowed the company to channel cash into the pipelines of new projects such as Jebel Ali, in the UAE and London Gateway in the UK, DP World Chairman Sultan Ahmed Bin Sulayem said on Tuesday.

Published in Finance Deals

MOROCCO is holding talks with Saudi Arabia over the funding of two new major energy ports on the country's Atlantic and Mediterranean coastlines.

Published in Energy Ports

ISRAEL PORTS Company (IPC) has opened the pre-qualification stage of an international tender for the building of infrastructure for new container terminals at the ports of Haifa and Ashdod.

Published in Regulation and Policy


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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