Saudi Arabia will invest billions in giant shipyard

A giant shipyard in Saudi Arabia will supply supply the country's oil industry with tanker vessels and rigs while also helping to create more than 10,000 jobs. Saudi Aramco and Hyundai Heavy Industries are part of the joint venture behind the yard. Investments will total billions of dollars.

Amin Nasser er CEO for Saudi Aramco, som står bag det nye kæmpeværft, som Saudi-Arabein vil bygge. Photo: Jacques Brinon/AP/Polfoto/Arkiv

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Tough 2017 cost 835 jobs at DNV GL

The world's largest classification bureau for shipping, DNV GL, had another challenging year in 2017. The coming year will also be tough for the maritime business, and the slimming down of the company is likely not done, CFO Thomas Vogth-Eriksen tells ShippingWatch.

Maersk Honam will be moved to Dubai's Jebel Ali port

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