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).

United Arab Emirates 
Suezmax crude oil tanker render. Guangzhou Shipyard secures Suezmax order, delivers vessels ahead of schedule  

China State Shipbuilding subsidiary reports nine vessel deliveries in the first quarter of 2026.
Clean ammonia project pipeline chart as of March 2026. Renewable ammonia pipeline grows despite Norway project freeze  

GENA Solutions tracks 325 projects totalling 146 MMT of capacity by 2034 despite execution challenges.
Antwerpen and Arlon naming ceremony. Exmar names world’s first ocean-going ammonia dual-fuel gas carriers in South Korea  

Two 46,000-cbm vessels can reduce CO₂ emissions by up to 90% during navigation.
Fujian province map with highlighted locations. Gulf Marine expands bonded lubricant supply network in China’s Fujian province  

Company adds supply points in Putian, Ningde and Fuqing, covering 20 terminals across the region.
Excelerate Acadia naming ceremony. Bureau Veritas classifies Excelerate Energy’s new 170,000-cbm FSRU Excelerate Acadia  

Vessel built by HD Hyundai Heavy Industries features dual-fuel engines and proprietary regasification system.
Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.
EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.
RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.
Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.
Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.

↑  Back to Top


 Recommended