Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has signed a contract with the sea shipping company Maersk to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam and Riyadh Dry Port. SAR CEO Bashar Khalid Al-Malik and Maersk Saudi Arabia CEO Mohammad Shihab...
Shipping giant Maersk’s profit sinks
The company warned of "uncertainty" due to Houthi attacks.Maersk and Hapag-Lloyd ink deal
The cooperation deal between the two will begin February 2025.
US military shoots down another drone over Red Sea
The Houthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in Gaza. The attacks are endangering a transit route that carries up to 12% of global trade, prompting the US to set up a multinational naval task force to protect Red Sea...Global maritime trade sails into geopolitical storm
Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which 12 percent of world trade usually passes. The Houthis say the strikes are in solidarity with Palestinians in war-ravaged Gaza, which Israel has bombarded relentlessly for three months, in what...Maersk halts ships’ transit via Red Sea strait for 48 hours
COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea strait for 48 hours, after Yemeni rebels attacked one of its merchant ships. The Maersk Hangzhou, a Singapore-flagged, Denmark-owned and operated container vessel en route from Singapore to Port Suez...Taiwan shipping giant Evergreen suspends Israel cargo services
Due to "escalation of war situation in recent days, Evergreen will temporary suspend Israel import and export service due to rising risk and safety considerations with immediate effect until further notice," Evergreen said in a brief notice to its customers.Maersk introduces world’s first bio-methanol container ship
Copenhagen, Denmark - Danish shipping giant Maersk on Thursday launched the world's first container ship running on bio-methanol, a key step in its effort to lower its huge carbon footprint. Maersk, which sold its oil division to TotalEnergies in 2017, has set out a target to become carbon neutral by 2040....Maersk Q1 profit dips
Its turnover fell by 36.6 percent to $9.9 in the Ocean division.
DP World, Maersk sign partnership
They will collaborate on decarbonizing solutions, customer service.
Maersk lands Saudi deal
Maersk will set up a Logistics Park at Jeddah Islamic Port.
Maersk to build petrochemicals hub at King Abdullah Port
The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space in the first two years of operations In an attempt at boosting the competitiveness of Saudi Arabia’s logistics sector, Maersk Saudi Arabia has entered into a petrochemicals partnership with King...
