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.
Alternative investment firm Investcorp has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman.Investcorp Aberdeen Infrastructure Partners (AIIP) – a joint venture with Aberdeen plc, will be the shareholder in the project, alongside the Port of Duqm Company
Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.Based on VesselsValue data, the fleet consists of 36 live LNG and LPG vessels with a further 30 on order.