INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Ship with 750 tonnes of fuel sinks off Tunisia coast

The defence, interior, transport and customs ministries were working to avoid "a marine environmental disaster in the region and limit its impact", the environment ministry said.
  • The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters
  • It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off Tunisia’s southeast coast, a spokesman for a local court said.

“The ship sank this morning in Tunisian territorial waters. For the moment, there is no leak,” Mohamed Karray said, adding that a “disaster prevention committee will meet to decide on the measures to be taken”.

The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters on Friday evening due to bad weather.

It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed, according to a Tunisian environment ministry statement.

It said Tunisian authorities evacuated the seven-member crew.

Karray said the Georgian captain, four Turks and two Azerbaijanis were briefly hospitalized for checks and were now in a hotel.

The defense, interior, transport and customs ministries were working to avoid “a marine environmental disaster in the region and limit its impact”, the environment ministry said.