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 
Bermuda Container Line (BCL) logo. Bermuda Container Line imposes emergency bunker surcharge citing Iran war fuel price spike  

Shipping operator to add $150 per TEU charge from 1 May amid geopolitical fuel cost pressures.
China flag. Zhejiang’s first methanol-powered container ship launches in Jiaxing  

Vessel uses methanol propulsion technology to reduce carbon dioxide emissions by 90%.
TES flag with a model vessel in the background. TES joins SEA-LNG coalition to advance e-methane as marine fuel  

Green energy company targets 1m tonnes annual e-methane production by 2030 for shipping decarbonisation.
Ethanol and methanol workshop graphic. IBIA to host workshop on ethanol and methanol marine fuels during Singapore Maritime Week  

Half-day event will examine alcohol-based fuel pathways and integration into shipping’s multi-fuel landscape.
Steel-cutting ceremony for 13,000-dwt vessel. ROC begins construction of second chemical tanker for Essberger  

Chinese shipbuilder holds steel-cutting ceremony for 13,000-dwt methanol-ready vessel with ice class capability.
Norsepower and CHIC sign agreement. Norsepower and Cosco Shipping Heavy Industry Equipment sign wind propulsion cooperation agreement  

Wind propulsion technology provider partners with Chinese shipyard to scale rotor sail production.
Wärtsilä logo. Shipping firms struggle to prioritise decarbonisation investments amid regulatory uncertainty, Wärtsilä survey finds  

Survey of 225 maritime executives reveals 70% say uncertainty hinders investment decisions despite regulatory pressure.
IMT Isca G-Flex vessel render. Longitude Engineering unveils IMT Isca G-Flex PSV design with alternative fuel capability  

Naval architecture firm launches adaptable platform support vessel design based on the IMT-984 G-Class hull.
Philippos Ioulianou, EmissionLink. Shore power infrastructure is key to cutting ferry emissions in European cities, says EmissionLink  

Port electrification is needed to enable vessels to switch off engines at berth, reducing urban pollution.
Maritime and Port Authority of Singapore logo. Singapore prioritises maritime resilience amid geopolitical uncertainty, eyes digitalisation and green fuels  

MPA chief outlines the sector’s adaptation to supply chain disruptions while advancing automation and alternative fuels.

↑  Back to Top


 Recommended