Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

ZPMC clinches $700m port machinery order from DP World

Shanghai Zhenhua Heavy Industries (ZPMC) has won a USD700 million order from DP World to supply port machineries for the company’s automated container terminal in Dubai.

The order mainly covers quay cranes and rail cranes, which are scheduled to be delivered in phases within three years, a statement of ZPMC said.

The order is the […]

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Iran seizure of Maersk container ship tied to old cargo dispute

Maersk Tigris seized in Iran. BBC graphic.

Iran’s seizure of a container ship this week stems from a decade-long dispute over 10 shipping containers, officials at Maersk, the Danish shipping giant, said on Thursday.

The United States sent a destroyer to the Persian Gulf on Tuesday in response to the seizure. On Thursday, Col. […]

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Dubai piers abuzz as Iranian deal fuels hopes of new trade boom

From Bloomberg News:

[S]hips’ crews were upbeat as last week’s accord over the Islamic Republic’s nuclear program brought the lifting of sanctions and the return to unfettered commerce one step closer. Few places are better located to benefit than the United Arab Emirates, Iran’s second-biggest trading partner after China since 2009, data compiled by […]

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DP World to invest up to $1.9 billion this year

Dubai-based DP World plans to nearly double its investments this year as the world’s fourth-largest port operator increases its capacity by more than 14 per cent.

Chairman Sultan Ahmed bin Sulayem said there are plans to spend between $1.4bn and $1.9bn in 2015, compared with $1bn last year. The operator will invest between $500mn and […]

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Focus on automation, says DP World chief

‘Technology is the solution’, says DP World director

The conference TOC Container Supply Chain: Middle East 2013 opened at the Dubai World Trade Centre (DWTC) earlier this month with a clear emphasis on the key role that automation has to play in providing a sustainable future for the maritime industry.

As part of his keynote […]

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Hyundai Heavy obtains US$1.4 billion order for 10 container ships in the Middle East

On August 30, Hyundai signed a US$1.4 billion contract (including construction of 5 Hyundai Samho Heavy Industries ships) for a total of 10 container ships – five 18,000 TEU container ships and five 14,000 TEU container ships – with the United Arab Shipping Company (UASC) in Dubai, United Arab Emirates.

In this contract, an option […]

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DP World pledges to appeal after exposure of £14m tax relief scheme

Global ports group controlled by Dubai’s Sheikh Mohammed accused of tax avoidance following rate booster scheme

DP World, the global ports group controlled by the Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, has pledged to pursue a court appeal after a scheme to artificially generate £14m of tax relief was thrown out by a tribunal […]

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