Dubai’s DP World to partner with Israeli firm in bid for Haifa Portwww.reuters.com/article/us-israel-emirates-shipping/israel-shipyards-dubais-dp-world-to-partner-in-shipping-port-activities-idUSKBN2670XR
UAE approves urgent use of China-developed COVID-19 vaccine after test on 31,000 volunteers.
Global oil refining faces shake-up from Asian plastics boomwww.livemint.com/industry/energy/global-oil-refining-faces-shake-up-from-asian-plastics-boom-11598411803929.html
In China, the biggest of these is Rongsheng Petrochemical Co.’s plant on Zhoushan island, near Ningbo. The 800,000 barrel-a-day operation opened in 2019 and will reach full capacity before year-end. An Indian Oil Corp.-led group is planning a gigantic 1.2 million barrels a day oil-to-chemicals complex on the country’s west coast. Saudi Aramco, as part of its strategy to invest downstream in Asia, has or plans to take a stake in both projects.
US$4.5BN TO EXPAND PORTS INVESTMENT PLATFORM
DP World, Canadian fund to invest further $4.5 billion in port terminals
Kyaukpyu port to become model project in China-Myanmar BRI cooperation.
Tesla eyes big manufacturing expansion in China market.
Leading container port JNPT’s traffic declines over 16% in August.
Watch “61 Ports Investments – CMA CGM sale of 10 Ports terminals for USD968m to Terminal Link.
CMA CGM move to sell stake in Mundra terminal under security lens