• 2018 March 22 11:21

    Russian Trade and Economic Development Council sign MoU to further strengthen commercial ties with Abu Dhabi Ports

    Abu Dhabi Ports and the Russian Trade and Economic Development Council signed a Memorandum of Understanding (MoU) to strengthen trade links between the UAE and Russia and further stimulate economic cooperation between companies from both countries. The MOU will increase awareness amongst Russian companies about investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), Abu Dhabi Ports reports in its press release.

    Signing the agreement were Abdulla Al Hameli, Executive Vice President - Corporate Support at Abu Dhabi Ports and Dr. Igor Egorov, Honorary Chairman of the Russian Business Council and regional representative of the Russian Trade and Economic Development Council.

    The signing ceremony took place on the side-lines of the ‘KIZAD Business Week’, a series of exclusive business and networking events organised by KIZAD, a subsidiary of Abu Dhabi Ports. KIZAD Business Week offered a valuable opportunity for Russian businesses, investors and stakeholders to come together and discuss opportunities available in UAE free zones particularly KIZAD and KPFTZ.

    Al Hameli said: “The UAE’s wise leadership have long supported our efforts in contributing to a sustainable and diversified economy. UAE free zones have been identified as one of the main drivers to diversification, attracting significant amounts of foreign investment, creating thousands of jobs and facilitating technology transfer into the country.

    We are confident the MoU with the Russian Trade and Economic Development Council will further help Russian companies and investors to take full advantage of what KIZAD and Khalifa Port Free Trade Zone have to offer.”
     
    Dr. Igor Egorov stressed the role of the Council in successfully bringing Russian exporters into growing markets in Asia. He added: “Over the years, we have witnessed the UAE and Russian relationship grow. Since 2014 Russian foreign trade of non-oil products, in particular food and grains, have grown globally. The UAE plays a vital role as gateway for Russian products into the MENA markets.

    With trade still around 2 Billion USD, we see potential for Russian investors to build industrial facilities and innovation centers in the UAE.  We are delighted that through the signing of this MoU KIZAD can play a key role in this initiative.”

    The first event kicked off with a keynote speech by Dr. Saleh Al Aroud, President of the Russian Business Council, who highlighted how the UAE offers one of the highest level of logistics services capable to compete in the global economy.

    Fahad Al Ahbabi, Director at the newly launched Abu Dhabi Investment Office, provided a detailed overview of the Abu Dhabi Economic Vision 2030 and the economic policy priorities for the future. He commented: “Over the past years, the Abu Dhabi Government has made major investments in sectors such as petrochemicals, education, healthcare, infrastructure and construction to make the Emirate an attractive hub for investors. The Emirate is therefore fully dedicated to its diversification strategy and to creating the right infrastructure such as Khalifa Port to support business around the world.” 




2019 January 19

16:19 Ocean Yield acquires Suezmax tanker Milos for $56.0 million
15:16 Evac expansion continues with acquisition of UK service company Transvac Systems
14:02 Deltamarin contracted to continue with Titanic II project
12:51 SGRE launches 10 MW offshore wind turbine
11:44 Algoma increases its interest in the ocean self-unloader Pool

2019 January 18

18:06 North Carolina Ports sets new record in 2018
17:47 Freight turnover of Neva-Metal (Saint-Petersburg) in 2018 climbed by 3% Y-o-Y to about 3.2 million tonnes
17:25 Okskaya Sudoverf obtains patent for state-of-the-art pontoons
17:06 Hamburg prepares for ‘Hard Brexit’
16:44 Throughput of port Primorsk in 2018 fell by 7% Y-o-Y to 53.48 million tonnes
16:23 GTT receives a new order from SHI to design the tanks of two LNG carriers on behalf of Gaslog
16:20 NOVATEK elects new Board of Directors
15:56 Throughput of port Vyborg in 2018 grew by 25% Y-o-Y to 1.93 million tonnes
15:33 Stena Line’s first new generation ferry ‘floats’ in China
15:21 Bunker sales at the port of Singapore in 2018 fell by 1.7% Y-o-Y to 49.8 million tonnes
15:03 Panama Direct service CMA CGM to resume weekly rotations
14:47 Throughput of port Vysotsk in 2018 climbed by 7% Y-o-Y to 18.79 million tonnes
14:33 GranIHC appointed contractor for Equinor’s Peregrino Phase II Project
14:19 Port of Ust-Luga handled 98.72 million tonnes in 2018, down 4% Y-o-Y
14:03 Algoma Central Corporation increases its interest in ocean self-unloader Pool
13:50 18 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 17-18
13:35 Throughput of the Port of St. Petersburg in 2018 up 11% Y-o-Y to 59.32 million tonnes
13:18 CMA CGM unites its Containerships and MacAndrews brands
13:11 Vladimir Putin supports Government’s proposal on expanding Far East Ministry’s functions with Arctic issues
12:49 Throughput of port Kavkaz in 2018 grew by 11% Y-o-Y to 49.276 million tonnes
12:26 MV Werften purchases Neptun Ship Design
12:08 Sakaide shipyard holds naming ceremony for new LNG carrier jointly owned by NYK and JERA
11:38 PGNiG SA signs agreement for oil and gas exploration and production in UAE
11:14 Remote pilotage to be allowed in Finland
10:47 Free zone status is a crucial advantage for the future development of the Freeport of Riga
10:06 Ice restrictions at the port of Ust-Luga come into effect on January 31
09:42 Brent Crude futures price up 0.9% to $61.73, Light Sweet Crude – up 1.09% to $52.64
09:20 Baltic Dry Index is up to 1,077 points

2019 January 17

18:13 PORT OF KIEL presents annual results 2018
17:51 Ice restrictions at the port of Primorsk come into effect on January 25
17:28 Global Ports sets up a common service call centre
17:09 EFIP welcomes and supports the European Parliament position on the Connecting Europe Facility for 2021-2027
17:05 North Sea Port monitoring the Brexit closely
16:44 ABP invests £700K to boost storage at Port of Ipswich
16:27 Global fuel market: still many uncertainties in both demand and supply
16:22 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:05 OCEAN Alliance extends duration of OCEAN Alliance to ten years
15:42 COSCO SHIPPING Ports signs agreement with PSA to add two new berths at the terminal in Boao, Hainan
15:31 Liebherr supports the 6th International Forum of Dredging Companies as its Sponsor
15:02 Ocean Yield ASA agrees to acquire a modern Suezmax tanker for a consideration of USD 56.0 mln
14:02 SEACOR Marine enters agreement to acquire three additional platform supply vessels from affiliates of COSCO Shipping Group
13:49 Throughput of Chinese ports grew by 4.2% to 9.22 billion tonnes in 2018
13:32 Jensen Maritime provides design for Shaver Transportation’s new tugboat
13:14 OOCL rolls out third phase of Ocean Alliance product refinements
12:50 Baltic Ports Organization’s schedule for 2019 is set
12:38 Port of Los Angeles breaks all-time cargo record in 2018
12:26 Qatar accedes to load lines convention
12:01 Sunseeker International and Rolls-Royce to present first production yacht with MTU hybrid power in 2020
11:51 Bunker prices continue going down at the Far East ports of Russia (graph)
11:38 Port of Zeebrugge handled 40.1 million tonnes in 2018
11:25 Nor-Shipping reveals stellar line-up for Ocean Leadership Conference
10:52 10 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 16-17
10:28 NOVATEK’s hydrocarbon production totaled 548.4 million boe in 2018, up 6.9% Y-o-Y
10:03 Brent Crude futures price down 0.34% to $61.11, Light Sweet Crude – down 0.54% to $52.03
09:39 Tallink and Taltech to collaborate on developing smart ship solutions