In 2015, a Macquarie Asset Management (MAM)-managed fund, Macquarie Infrastructure Partners III (MIP III), acquired a significant minority stake in Ceres Terminals, a stevedoring provider that owned and operated marine container terminals serving cargo vessel...

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Refined oil products inventories at the UAE’s Port of Fujairah rose 4.7% in the week ended Dec. 23, heading for an annual gain with one week left, according to Fujairah Oil Industry Zone data published Dec. 25. Total stockpiles increased to 18.649 million barrels, the...

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The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia’s efforts to raise global LNG market share despite U.S. sanctions. The tanker, named Alexey Kosygin after a Soviet statesman,...

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Transpetro finalized the commercial negotiation phase with a consortium constituted by the Ecovix, in Rio Grande (RS), and McLaren, in Niterói (RJ) shipyards for acquisition of four 15 to 18 thousand DWT Handy Class ships, according to the company’s release. The...

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Owners plowed more than $188 billion into newbuilds in the first 11 months of the year, on course for the strongest pace in terms of both value and capacity since 2007, according to Clarkson Research Services Ltd, a unit of the world’s largest shipbroker, ET Infra...

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According to the General Authority for Statistics, chemical products led the non-oil export categories, accounting for 26.8 percent of the total, while plastics and rubber products followed, contributing 23.7 percent, Arab News reports. The rise in non-oil exports is...

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