Shipping

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Investment and Risk in Shipping: Finding your “Sea Legs”

Despite the turbulent and challenging conditions currently experienced by many in the sector, shipping continue s to attract keen attention from investors new to the industry. Some inherent investment risks are common to all sectors, but many are peculiar to shipping.

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Wave of digitisation heading for Dubai shipping

As a nation with a strong seafaring heritage and global shipping reputation, the UAE is naturally focusing on the maritime sector. It is one of the six priority sectors within the Dubai Industrial Strategy 2030, based on its importance, future growth prospects, export potential and mid to long-term economic impact.

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Kuwait Oil Company awards major contract to Grandweld Shipyards

Grandweld Shipyards has secured a contract to design, construct and deliver four crew boats and six pilot boats for Kuwait Oil Company. The contract was signed on May, 2017 by Mr. Ismail Abdulla, Deputy Chief Executive Officer of Kuwait Oil Company, and Mr. Jamal Abki, General Manager of Grandweld Shipyards.

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Asia Develops a Taste for U.S. Oil Exports

For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.

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Saudi shipper Bahri sees VLCC market improving by Q4

Saudi Arabia’s Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said.

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