China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and placed Beijing's commercial interests along the Suez Canal at risk.The Iran-backed Houthi militia from Yemen…
Missile strikes by the US and UK against Houthi militia in Yemen has brought heightened tensions across the region with disruption to ocean freight shipping set to deteriorate further.At approximately 2.30am (Sanaa/Red Sea time) today, Friday…
Dollar revenues from Egypt's Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday, after attacks on ships by Yemen's Houthis caused major shippers to divert away from the route…
Israel's Transport Ministry on Tuesday said it was seeking to clarify Chinese shipper COSCO's reported decision to halt shipping to Israel.Israeli media this week reported that COSCO had suspended shipping to Israel. The company has declined to comment…
Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174…
Egypt has signed a deal with Abu Dhabi Ports Group for the company to develop, operate and maintain passenger and ship terminals at the Red Sea ports of Hurghada, Safaga and Sharm El Sheikh, its transport ministry said on Thursday.(Reporting by Moemen Said Atallah; Editing by Jan Harvey)
Shipping traffic through the Suez Canal fell 20% between Dec. 24 and Jan. 2 compared to a year earlier, according to the PortWatch platform, after shipping companies began re-routing vessels in response to attacks by Yemen's Houthis.From Dec…
DP World announced it has signed a memorandum of understanding (MOU) with Pacific International Lines (PIL) to jointly develop green solutions to decarbonize global supply chains. The agreement pairs DP World, which handles around 10% of the world’s container trade…
Global steel producer LIBERTY Steel has signed a memorandum of understanding (MOU) with AD Ports Group to develop solutions for importing high-quality magnetite ore to the UAE, from Australia.Under the MOU, the two companies will explore plans…
AD Ports Group has signed an agreement with national railway company Kazakhstan Temir Zholy JSC (Kazakhstan Railways) to form a joint venture to enhance rail connectivity, maritime shipping services, development of operations in Kazakhstan’s ports…
Yemen's Houthi movement said on Saturday they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies against dealing with Israeli ports.The Iran-aligned group is escalating…
A consortium of Saudi Archirodon and DEME has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest Saudi Arabia.Based in Oxagon, Port of NEOM is located along the coast of the Red Sea and is adjacent to the nearby Suez Canal…
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…
