Most Gulf bourses ended higher on Tuesday as diplomatic efforts to de-escalate the Middle East conflict gathered pace, a day after Saudi, Turkish and Pakistani officials held talks in Tehran. It was the first high-level contact between Iran and the three allies, who signed a mutual defence pact in August, since the US-Israeli strikes on Iran triggered a war that spread to Saudi Arabia and Yemen.
Advanced Polymer Coatings (APC) expanded its international maritime sales team with two appointments.James Kennedy has been appointed to lead sales across the Gulf Cooperation Council (GCC) countries, including Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman. Mark Isherwood will oversee sales in Northern Europe.
Logistics and materials management company ASCO has opened its first office in the Middle East, establishing a presence in Qatar as it looks to expand its regional operations and support growing demand for logistics and environmental services.The new office in Doha will support ASCO's clients across the Gulf Cooperation Council (GCC) countries as well as the wider Middle East and Asia-Pacific
The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct impact on seafarers and shipping in the Gulf.The meeting comes four weeks into the deadly conflict in which seafarers have been killed, ships have come under attack, and an estimated 20
Orca AI has signed a multi-year agreement with Gram Car Carriers (GCC), the world’s third-largest tonnage provider of Pure Car and Truck Carriers (PCTCs) and part of the MSC Group, to deploy its AI-powered navigational safety and fleet analytics platform across GCC's global fleet of 22 owned vessels.
Lloyd’s Register (LR) has signed a Memorandum of Understanding (MOU) with Jinan Shipyard, a Qatar Free-Zone-based shipbuilding company, to collaborate on the development, classification, inspection, and certification of marine vessels including yachts and tugs.This strategic partnership marks a step forward in enhancing shipbuilding capabilities across the Gulf Cooperation Council (GCC) region.
A combination of contract terminations, spiraling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East Gulf.In its latest HORIZON Monthly Offshore report, MSI notes that, whilst contract terminations for rigs have been few
Only a month into the Iran war, Qatar-based distributor Salam Studio & Stores had already gone weeks without its regular Red Bull shipments, prompting it to test a little-used route.The conflict and effective closure of the Strait of Hormuz, now in their fourth month, had scattered its products across ports in India and Sri Lanka