Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Mon 14 Apr 2008, 07:17 GMT

DME is named Exchange Newcomer of the Year


Leading exchange in the Middle East is congratulated for becoming 2008 Exchange Newcomer of the Year.

The New York Mercantile Exchange, Inc. has congratulated the Dubai Mercantile Exchange (DME) on being named 2008 “Exchange Newcomer of the Year”, by FOW, a leading global derivatives magazine. DME Chairman Ahmad Sharaf accepted the award in London last week.

The DME was honored by industry participants and the exchange community. Since its launch in June 2007, the DME has emerged as the premier international energy futures and commodities exchange in the Middle East, providing price transparency and market liquidity for crude oil from the world’s foremost oil producing and exporting region. The Dubai Mercantile Exchange lists the Oman crude oil futures contract, addressing the growing market need for price discovery of Middle East sour crude oil while simultaneously bridging the time-zone gap between Europe, Asia and North America.

The Dubai Mercantile Exchange Limited (DME) is a joint venture between NYMEX; Tatweer, a member of Dubai Holding; and the Oman Investment Fund (OIF).

Wilhelmshaven Express, Hapag-Lloyd. Hapag-Lloyd to acquire ZIM for $4.2bn in cash deal  

German container line signs agreement to buy Israeli rival, subject to regulatory approvals.
VPS Maress 2.0 digital dashboard interface displayed on a monitor. VPS outlines key features of Maress 2.0 with enhanced analytics for offshore vessel efficiency  

Updated platform adds data validation, energy flow diagrams and fleet comparison tools for decarbonisation monitoring.
Two vessels at sea. IMO committee agrees NOx certification rules for ammonia and hydrogen engines  

DNV reports PPR 13 also advanced a biofouling framework and crude oil tanker emission controls.
Chart showing TTM and T3M bunker sales in Singapore, Jan 2024-Jan 2026. Singapore bunker sales set new record as TTM volumes surpass 57.5 tonnes  

Rolling 12-month bunker sales at the Port of Singapore have reached a fresh all-time high, breaking above 57.5 million tonnes for the first time, alongside a record surge in short-term demand.
Kota Odyssey vessel. PIL’s LNG-powered Kota Odyssey makes maiden call at Saudi Arabian port  

Container vessel marks first entry into the Red Sea with call at Red Sea Gateway Terminal.
Everllence logo. Everllence to host webinars on ammonia-fuelled two-stroke engine development  

Company will present B&W ME-LGIA engine technology and development journey in February sessions.
BBG LNG storage at the Port of Bilbao. Bilbao LNG terminal secures sustainability certification for bio-LNG services  

Bahía de Bizkaia Gas facility gains ISCC certification, enabling renewable fuel traceability for marine bunkers.
Maersk 5,900-teu dual-fuel methanol-powered container vessel. Tsuneishi Shipbuilding delivers methanol dual-fuel container vessel from China yard  

Japanese shipbuilder says delivery marks expansion of alternative-fuel vessel production beyond Japan.
Zhoushan waterfront at night. Zhoushan becomes world's third-largest bunker port  

Chinese refuelling hub overtakes Antwerp-Bruges and Fujairah to take third place in 2025.
Meyer Turku's net-zero vessel concept render. Meyer Turku completes net-zero cruise ship concept with 90% emissions cut  

Finnish shipbuilder’s AVATAR project vessel design exceeds IMO targets using technologies expected by 2030.

↑  Back to Top


 Recommended