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Harry S Truman CSG Launches First OIR Missions
Strike aircraft from nuclear powered aircraft carrier USS Harry S. Truman (CVN 75) flew their first missions in support of Operation Inherent Resolve (OIR), the…
Heavy Iraq Crude Has Limited Appeal for US Gulf Coast Buyers
Sellers of a new grade of Iraqi oil are competing fiercely to win market share on the U.S. Gulf Coast, though high sulfur content has limited appeal for refiners of the crude, known as Basra Heavy.
Oil Skidding Toward 11-year Low
Oil prices extended their freefall on Friday, flirting with 11-year lows, after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year. Brent and U.S.
Russia Launches Syria Submarine Strikes
Russian media reports that a Russian diesel-electric submarine operating submerged in the Mediterranean Sea on Tuesday launched Kalibr cruise missiles at Islamic…
Terex Cranes for ICTSI
Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex shiptoshore cranes…
Fredriksen's Firms See Diverging Fortunes
Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig…
APM Terminals Opens Aqaba Logistics Village Expansion
APM Terminals, with local Jordanian partner Kawar Group, officially opened the expanded Aqaba Logistics Village (ALV) on November 12th, with a formal ceremony attended…
OPEC Sees Oil Supply Hole in 2016 as Low Prices Curb Rival Output
OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 as low prices prompt investment cuts…
Oil Price to Rise Gradually to $80 by 2020 -IEA
Oil is unlikely to return to $80 a barrel before the end of the decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day…
French Naval Group to Battle Islamic State
France to deploy aircraft carrier to help operations against Islamic State. France's Charles de Gaulle aircraft carrier will be deployed to support operations against Islamic State in Syria and Iraq…
Kizad Attracts Investment from Binghatti
Abu Dhabi Ports―the master developer, operator and manager of ports and industrial zones in the Emirate―has signed a standard Musataha agreement (SMA) with Binghatti Holding to set up a new food and beverage (F&B) production plant at Khalifa Industrial Zone Abu Dhabi (Kizad). Binghatti is an international investment holding company that focuses on high-growth potential projects within the real estate, construction and FMCG (fast-moving consumer goods) industries.
ICTSI 9M Profts Above Expectations
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues…
Bath Iron Works Christens Future USS Rafael Peralta
U.S. shipbuilder General Dynamics Bath Iron Works christened the U.S. Navy’s newest guided-missile destroyer Rafael Peralta (DDG 115) at a ceremony held on its Bath, Maine shipyard on Saturday, October 31. The ship is named for Sgt. Rafael Peralta, U.S. Marine Corps, who was deployed to Iraq in Operation Iraqi Freedom and was killed November 15, 2004, during the Second Battle of Fallujah in house-to-house urban combat. Sgt.
Five Migrants Drown off Greek Islands
Five people, including a baby and two children, drowned and one was missing in two separate incidents of migrants trying to reach Greece from nearby Turkey on Sunday, the Greek coastguard said.
Four Migrants Drown Off Greek Island
Four people, a woman and three children, drowned and one child was missing after their rubber boat capsized off a Greek island late on Friday, the Greek coast guard said.
Greece Recovers Bodies of Migrants off Lesbos
A baby, two children and a woman drowned on Thursday after their wooden boat and a coast guard vessel crashed during a migrant rescue operation off the island of Lesbos, the Greek coast guard said.
Greece: No Plan for Migrant Sea Patrols with Turkey
Greece said on Tuesday it had no plan to carry out joint sea patrols with neighbouring Turkey to stem an influx of migrants and refugees into Europe. A record 400…
Refugees Give Greek Tour Operators an Extended Season
Placards in hand, travel agent Iakovos Bouchoris and his team scout for customers at Greece's busy Piraeus port, near Athens, where some 5,000 people arrived on…
VLCC Tankers on the Upside on Stronger Demand
The VLCC market continued to strengthen this week with sentiment supported by both stronger demand and expectations for the October Middle East and West Africa programs…
Iraqi Kurds Reassert Right to Export Oil to US Despite Court Ruling
Kurdistan reasserted its right to export oil independently to the United States and other countries on Tuesday despite a court ruling in favour of the Iraqi federal government…