DP World has announced the construction plans of a 400-meter quay extension at its flagship Jebel Ali Port, increasing the capacity at the facility by one million TEU to 15mn TEU.
The UAE's Gulftainer has signed an agreement to co- develop and operate Ust-Luga Port near St Petersburg in Russia for a total cost of US$275mn.
Maersk Line, the world?s biggest container shipping line, will resume its cargo service to Libya on Sept. 8 in its first shipment since February, a spokesman said.
DP World posted strong results for the first six months of 2011 of $741mn, up from US$219mn in the same period last year, which was boosted by the one-time gain for the Australia business.
Topaz Energy and Marine recently signed long-term vessel support contracts with various clients totaling US$160mn.
Alain Charles Middle East FZ-LLC
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