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).

Nicklas Mikkelsen, Malik Supply. Malik Supply hires first trader for new Dubai office  

Nicklas Mikkelsen joins Danish bunker supplier ahead of January 2026 launch.
Tallink’s MyStar vessel. Tallink's MyStar joins Gasum's FuelEU Maritime compliance pool using bio-LNG  

Nordic energy company Gasum signs pooling agreement with Elenger to generate compliance surplus.
Methane Abatement in Maritime Innovation Initiative (MAMII) speakers. Maritime coalition gathers in Brussels to advance methane measurement and abatement technologies  

MAMII convenes shipowners, engine makers, and policymakers to accelerate methane reduction from LNG-fueled vessels.
Green oil bubbles. BIMCO delays biofuel clause for time charters to spring 2026  

Maritime organisation pushes back publication to address safety, technical requirements, and industry feedback.
Group photo of participants at the REMPEC expert meeting. Mediterranean moves closer to nitrogen oxide emission controls  

Expert meeting endorses feasibility study with 2032 target for Med NOx ECA implementation.
Seaboard Venture naming ceremony. Sanfu Shipbuilding delivers final 3,500 TEU dual-fuel container ship to US owner  

Taizhou-based shipyard completes first batch of LNG-powered vessels with "zero accidents, zero delays".
Aerial view of a container vessel. FuelEU Maritime regulation reshapes ship management contracts, DNV says  

DNV's Emissions Connect aims to provide neutral data for commercial negotiations under new rules.
Illustration of Scales of Justice with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.

↑  Back to Top


 Recommended