15/04/2014at 08:56

Newbuildings for USD 5.5 billion to the Middle East

The Middle Eastern carriers have newbuildings for USD 5.5 billion in the pipeline, corresponding to 87 ships.

BY LOUISE VOGDRUP-SCHMIDT

Carriers in the Middle East have bet big on newbuilding investments, and at this time the pipeline holds orders for a total USD 5.5 billion. This figure correspond to a total of 87 ships ordered by the Middle Eastern shipowners, according to media Arabian Supply Chain.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Analysis: Saudi Arabia ensures stable oil in 2014
For subscribers
Broker: Product tank is getting out of hand
For subscribers
UASC orders additional six 14.000 teu vessels
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Weco Shipping is active within dry bulk through Weco Bulk and within oil freight through Weco Tankers. | Foto: Weco Bulk

Carriers

Weco Shipping doubles its profit and sets new company record

”It has been a great year,” says owner Johan Wedell-Wedellsborg after the group has managed to double its bottom line in the course of one year.

For subscribers

Logistics

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

For subscribers

Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Divestment of DB Schenker unlikely to finish before 2024

For subscribers

Archival image. Does not show the ships in question. | Foto: Euronav

Tanker

Euronav vessel accused of loading Iranian oil

For subscribers

Tanker

Major stakeholder sells off Torm shares after share rally

A new political intervention against low pay on ferries on the English Channel could inspire other countries to instate their own demands to carriers, says Danish Shipping. | Foto: John Sibley/Reuters/Ritzau Scanpix

Regulation

Shipowners fear wide-ranging consequences of law against low wages

For subscribers

Major shareholder got his new Maersk board in place despite criticism

Former CEO of Adidas Kasper Rørsted was elected for Maersk’s board despite criticism of an ”error” on his resumé. Chair Robert Mærsk Uggla is certain of the decision.

For subscribers

Regulation

Shipowners fear wide-ranging consequences of law against low wages

Danish Shipping and ECSA both worry about the tendency of local demands to carriers. DFDS agrees cautiously but is happy to see British intervention.

For subscribers

Vincent Clerc (left), CEO of Maersk, and Chairman Robert Mærsk Uggla during Maersk's digital general assembly. | Foto: Pr-foto

Offshore

Clerc considered other solutions than selling Maersk Supply Service to main shareholder

Maersk Chair Robert Mærsk Uggla confirms that he was not involved in Maersk’s divestment of Maersk Supply Service to the Maersk family’s holding company, A.P. Moller Holding.

For subscribers