AD Ports Group reported record second-quarter results for 2026, with strong growth in its Maritime & Shipping business and higher freight rates helping offset significant disruption to UAE port volumes stemming from conflict in and around the Strait of Hormuz.The Abu Dhabi-based ports, shipping and logistics group reported Q2 revenue of AED 7.08 billion ($1.93 billion), up 47% year-on-year, while EBITDA increased 49% to AED 1…
Euronext wheat rose on Friday to post a weekly gain as a Ukrainian attack on a Russian Baltic port and Moscow's rejection of a possible Black Sea truce intensified concern over reduced exports from Russia and Ukraine.December wheat, the most-active position on Euronext…
Euronext wheat pared gains in choppy trading on Thursday to come off a two-week high as a Reuters report that Kyiv had proposed a truce in attacks on civilian targets in the Black Sea tempered concerns about disruption to massive Russian and Ukrainian wheat exports…
OpenTug announced a strategic collaboration with Blessey Marine Services, Inc., a provider of inland marine transportation solutions, to modernize voyage invoicing through BargeOS. By implementing BargeOS Invoice Intelligence, Blessey will connect…
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy supplies amid disruptions in global gas markets caused by the U.S.-Israeli conflict with Iran.The government on Wednesday approved the purchase of 117 LNG cargoes from U…
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP)…
Euronext wheat prices extended losses on Tuesday to the lowest level since mid-July as market rumours of talks to halt attacks on vessels in the Black Sea eased concerns about a squeeze on Russian and Ukrainian exports.Sluggish demand for Western European wheat…
Euronext wheat fell on Thursday as hefty global supplies cooled concerns over war disruption to Black Sea export flows, traders said.December wheat on Euronext was down 1.7% at €227.75 ($262.23) a metric ton by 1623 GMT, giving up gains from Wednesday when it had rebounded from a three-week low…
HD Hyundai has signed a contract with Washington United Terminals Inc. (WUT) to supply four port cranes to the Port of Tacoma.The contract was signed as part of a terminal modernization project to replace aging cranes at WUT, the U.S. subsidiary of HMM…
Euronext wheat futures fell more than 6% on reports that Ukraine was discussing possible mechanisms to keep vessels moving through its Big Odesa ports, raising hopes that Black Sea exports may avoid a major disruption.Front-month September milling…
Saudi Aramco has offered additional crude cargoes for loading from Egypt's Mediterranean port of Sidi Kerir, according to five trading sources, as Houthi threats to Saudi shipping raise risks for southbound Red Sea exports through the Bab el-Mandeb strait…
