Business | Shipping
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Tuesday May 8
Drydocks debt restructuring hit by legal snag in Singapore
Court challenge over rig-building contract delays proceedings
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Sunday Apr 15
Container traffic at Mina Zayed rises 47% in 2011
Figures indicate boom in Abu Dhabi economy
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Sunday Apr 15
Aramex founder to quit CEO's post by year-end
Regional head Hashem will succeed Gandour
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Friday Apr 6
Ferry to link Oman tourist attractions
Service to connect major spots as marina opens at Jebel Sifah to attract visitors and residents
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Friday Apr 6
Drydocks close to deal on debt
Hopes to complete restructure by July
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Thursday Apr 5
Drydocks World achieves great majority support to implement debt restructring
Drydocks World says majority of its lenders support its proposals to successfully implement the restructuring of its $2.2 billion debt
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Wednesday Apr 4
Drydocks hopes to get support from most creditors
Drydocks World hopes to secure the backing of creditors holding 94 per cent of its debt for a $2.2 billion
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Tuesday Apr 3
Piracy, regional issues plague shipping sector
Economy minister calls for concerted efforts
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Tuesday Apr 3
Drydocks seeks tribunal backing
Move to ensure firm can implement restructure plan after opposition by some lenders
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Monday Apr 2
Dubai's Drydocks goes to court to force creditors in line
Drydocks World wants creditors to sign $2.2 billion restructuring proposal
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Monday Apr 2
First phase of Khalifa Port will be completed this year
More than 25% of top 500 companies use UAE as regional hub
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Sunday Apr 1
A glimpse of times gone by
Dubai Creek remains lifeline of the emirate's trading heritage
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Sunday Apr 1
Sanctions impact: Stuck on the docks
Setback for traders sending dhows to Iran as UAE authorities apply international sanctions
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Friday Mar 30
DP World's 2011 profit climbs 23%
Company focuses on emerging market as global container volumes continue to improve
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Thursday Mar 29
DP World 2011 profit up 82% backed by sale of its Australian operations
Dubai-based ports operator, DP World, said Thursday its full year net profit for 2011 went up 82 per cent to $683 million compared to $375 million in 2010, backed by the sale of its Australian operations
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Thursday Mar 29
Drydocks World confident of loan deal by Monday
Shipbuilder restructuring $2.2b facility
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Wednesday Mar 28
Drydocks World confident on restructuring debts
Syndicated facility lenders will be asked to sign up to the lock-up agreement
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Tuesday Mar 27
DP World to repay $3b loan due in October six months early
It will use new 5-year revolving credit of $1b to manage cash flow
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Monday Mar 26
Aramex may tap debt market as it seeks funding
The Dubai-based company has been expanding into Asia and is seeking more acquisitions this year
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Monday Mar 26
DP World to raise $1b loan from bank consortium
It will pay a margin of 225bps over Libor
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Tuesday Mar 20
Drydocks World eyes deals worth $350m
Company earning $30m-$35m a month
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Monday Mar 19
More ships to be scrapped this year
New rules push owners to sideline old vessels
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Monday Mar 19
Mammoth cargo ship arrives at Long Beach
The Fabiola is almost as long as the height of Empire State Building
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Saturday Mar 17
Shaikh Mohammad visits Dubai International Boat Show
Shaikh Mohammad commended the expansion of the boat exhibit
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Thursday Mar 15
Hedge fund wins $45.5m claim against Dubai Drydocks World
London Court'S ruling likely to slow restructuring efforts
Business Editor's choice
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China breaks West's solar monopoly
Some countries in the world, especially Germany and the United States, have made considerable efforts to invest in developing solar energy cells
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Burberry store spree will cut profit
Trenchcoat maker forges ahead with investment strategy targeting emerging markets
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Laws needed to spur region bond markets
UAE Central Bank calls for creation of a centralised Sharia board to facilitate the sale of sukuk
