Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming.Israel has vowed to annihilate Islamist group Hamas after its fighters stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more than 220 hostages.Israeli forces have hit back with deadly air strikes and now a ground offensive on the narrow coastal strip…
Danish shipping company Maersk will from Dec. 1 no longer offer shipments to or from Syria, it said on Tuesday.Maersk said in a statement its operations in Syria are already limited as a result of international sanctions.'This has recently become even more challenging logistically…
Bolloré Logistics announced Jean-Baptiste Rambaud has been appointed as CEO of Bolloré Logistics Middle East.Based in Dubai, he will work toward the development of the region. He also aims to launch new projects to drive the company’s growth in several key sectors such as aerospace…
The president of Cyprus outlined a proposal on Thursday to open a maritime corridor to help deliver more aid to Gaza, a plan which he said could be operational quickly but which diplomats said faced challenges.Under the plan presented by President…
The Israel-Hamas war has raised the spectre of a wider regional conflict which could embroil Iran and other regional factions.Analysts and market observers say the conflict could prompt the United States to tighten sanctions on Iran, which may…
Activity at Israel's ports is slowing after Saturday's attacks by Islamist group Hamas on towns close to Gaza, with the cost of insurance premiums for Israeli shipments soaring amid tightening supplies of food stocks, according to sources and data…
Operations and services to Israeli ports are continuing without interruption although service interruptions may occur at short notice, Israeli container line Zim said on Wednesday.While around 90% of its operations are outside Israel, the company…
A new and deadly chapter of the decades-old Israel-Palestinian conflict is a reality check for an ambitious trade route. The India-Middle East-Europe Economic Corridor (IMEC), championed by Washington last month on the sidelines of the G20 summit…
Middle East Navigation Service (MENAS), provider of aids to navigation (AtoN) in the Middle East Gulf region, said its is increasing rates and widening the group of ships that will be asked to pay for the service.The group has been providing…
AD Ports Group and Saab UAE have entered into a Memorandum of Understanding (MoU) to establish a strategic cooperative relationship, which will see both entities collaborate on the development of maritime surveillance solutions and sensors.Under the agreement…
Kazakhstan is in talks with Abu Dhabi Ports to set up a joint venture that would help ship Kazakh agricultural exports via Iran and then Gulf ports, the Central Asian nation's government said on Monday.Kazakhstan, a significant exporter of agricultural commodities such as grains and oilseeds…
Thousands of mourners and protesters marched in the Lebanese capital on Friday to remember those killed in a huge port blast three years ago, as religious leaders and rights groups decried the lack of accountability amid a stalled investigation…
RINA and Consultant AFRY have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen. The results indicate a transformative opportunity to unlock the Gulf's immense…
The Saudi Ports Authority (Mawani) announced the addition of AE12 and AE7 shipping services to Jeddah Islamic Port by logistics giant Maersk.With a capacity of 18,000 TEUs and 12 vessels, the AE7 route includes 15 port calls at Ningbo-Zhoushan…
Abu Dhabi-based AD Ports Group has signed a 25 years agreement with Singapore-based Crystal Offshore a logistics solution provider to the marine & offshore Industry to build an offshore rig and vessel repair base in Abu Dhabi's Khalifa Port…
