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Monthly Archives: June 2016

Dubai passenger traffic surges 7.2pc in May

Passenger numbers at Dubai International Airport (DXB) continued an upward trend in May with the airport welcoming 6.7 million passengers, thus registering a 7.2 per cent growth over the same period in 2015. According to the monthly traffic report issued by operator Dubai Airports on Wednesday (June 30), the passenger numbers at DXB for May last year stood at 6.26 ...

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Saudi Arabia launches $1.2bn residential project

Saudi Arabian government has embarked on a major plan to build 7,000 new villas at an investment of SR4.48 billion ($1.19 billion) on a 6.5 million sq m area in the eastern part of Riyadh, said a report. The project, called “East Gate” is the first being implemented by the Ministry of Housing in collaboration with the private sector, to ...

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Navies Move Forward With Unmanned Systems

The navies of the U.S. and UK are making strides towards a future that is less manned and more automated, with drone devices on the surface, underwater and in the air to provide a wide variety of capabilities – from mine countermeasures to air strikes. Early this week, Rear Admiral Paul Bennett of the Royal Navy opened a “foyer day” ...

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Royal Caribbean to Build New Terminal at PortMiami

On Tuesday, Royal Caribbean announced that it has reached an agreement for the construction and operation of a new cruise terminal at PortMiami on land leased from Miami-Dade County. The terminal will be the home port to a 5,400 passenger Oasis-class cruise ship, the world’s largest. “This new terminal is a symbol of our commitment to Miami, the city where ...

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Court to Rule on S. China Sea Claims in Mid-July

In a statement Wednesday, the Permanent Court of Arbitration said that on the morning of July 12, it will issue its ruling (“Award”) on a case brought by the Philippines against China over territorial claims in the South China Sea. The ruling is widely expected to go in favor of the Philippines, and China is not expected to abide by ...

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Petrobras Cancels Seven Tankers at EAS

On Wednesday, Petrobras’ shipping arm Transpetro confirmed that it had canceled orders for seven tankers from the shipyard Estaleiro Atlantico Sul (EAS). Transpetro has already taken delivery of seven and will retain orders for a further eight ships, comprised of three Suezmax and five Aframax tankers. Delivery will be complete by the end of 2019. The orders were originally placed ...

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El Faro VDR Recovery Mission Delayed

  The U.S. National Transportation Safety Board has delayed its mission to recover the El Faro voyage data recorder (VDR) until the first week of August.The mission had been scheduled for early July, but the Board is still organizing resources for the expedition which is expected to last about two weeks. The El Faro, a U.S. flagged cargo ship, sank ...

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COSCO Argues Piraeus Port Sale Terms

On Wednesday, COSCO Greece objected to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those previously agreed with the Greek privatization agency. Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation in April, a major step for the bailed-out country in meeting the demands of ...

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Stena Line May Reflag UK Vessels Following Brexit

The UK-based mariners’ union Nautilus International has issued a statement calling on British shipowners to remain calm and move slowly following the recent national referendum on exiting the EU (the “Brexit” vote). The union said that Sweden-based ferry operator Stena Line has already warned members that it may flag out its roughly 30 UK-registered vessels as a result of the ...

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Wheat Piles Up at Indonesian Ports

Indonesia is “controlling” wheat imports to encourage animal-feed mills to use domestic corn supply, an agriculture ministry official said on Wednesday, the latest in a string of trade measures Indonesia has imposed to improve food self-sufficiency. Indonesia’s wheat imports have jumped after corn imports were capped this year. Nasrullah, director of animal feed at the agriculture ministry said the government ...

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