RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in Dammam, connecting the Kingdom to Southeast Asia and India, Saudi Ports Authority (Mawani) announced. This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime...

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for foods monthly reflected in the FAO Food Price Index, Monika Tothova, the economist at the Food and Agriculture Organization of the United Nations (FAO) said. “Following on its 2023 and...

The US military command said that its forces shot down one anti-ship ballistic missile and three one-way attack unmanned aerial systems launched from Houthi controlled areas of Yemen toward USS Carney in the Red Sea. Houthis have been attacking shipping in the Red Sea for months over Israel's war on...

The US special envoy for Yemen, Tim Lenderking, told a Senate subcommittee that Iran was "equipping and facilitating" the Huthi attacks, which have triggered retaliatory US and British strikes on Yemen. He said many Iranian and Hizbollah operatives support Houthi attacks from inside Yemen.

The downing of the drone came the same day that the Houthi rebels targeted two US-owned merchant vessels as they continue their multi-month campaign of attacks on shipping in the area. It is the second time an MQ-9 used for both surveillance and strikes was lost near Yemen in recent...

Scaling up attacks in the Middle East, US and UK carried out joint air raids in Yemen after a separate wave of US strikes on targets in Iraq and Syria carried out in response to the killing of three US soldiers in Jordan. It is the third time the western...

Maritime security firm Ambrey said that a merchant ship had been targeted with a missile in southwest of Aden, Yemen. The vessel has reported an explosion on board, Ambrey said. The security firm said it was aware that a missile was fired from Taiz. It comes after Houthis claimed an...

The Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iranian-backed groups, have been harassing Red Sea shipping for months, triggering US and British reprisal attacks. The attacks have prompted some shipping companies to detour around southern Africa to avoid the Red Sea, a vital route that normally carries...

US and Britain have carried out two rounds of joint strikes aimed at reducing the Houthis' ability to target shipping, while the US has also launched unilateral air raids on the Iran-backed rebels' missiles. Washington is seeking to put diplomatic and financial pressure on the Houthis, redesignating them as a...

Beijing, China--China called for an end to "harassment" of civilian vessels in the Red Sea on Friday after attacks on ships by Houthi rebels in solidarity with Palestinians in Gaza. Houthi aggression against vessels in and around the Red Sea has led to retaliatory strikes in Yemen by US and British forces....

A Houthi military official told the rebels's Al-Masirah TV that fighters will continue to target Israeli ships heading to "the ports of occupied Palestine, no matter how the American-British aggression tries to prevent us from doing so." US media quoted US officials as saying another round of strikes had been...

Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and United Kingdom on Houthi rebel targets. Heavy US and British air strikes pounded targets in rebel-held Yemen early on Friday after weeks of disruptive attacks on Red Sea shipping by...

US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and said he "will not hesitate" to order further military action if needed. The strikes involved fighter jets and Tomahawk missiles, several US media outlets said. US officials did not immediately...

According to the navy, it "responded swiftly to a maritime incident in Arabian Sea involving a hijacking attempt" of a Liberian-flagged bulk carrier ship. The incident comes at a time when many vessels have been rerouted from the Red Sea, where Yemen's Houthi rebels have carried out drone and missile...

The US Central Command said the missiles were fired from the area controlled by the Iran-backed Houthi rebels, describing it as the "23rd illegal attack by the Houthis on international shipping" since November 19. The Houthis have repeatedly targeted vessels in the Red Sea with strikes they say are in...

It was the first time the Pentagon has accused Iran of directly targeting ships since the start of Israel's war on the fighters group Hamas. The attack came amid a flurry of new drone and missile attacks by Yemen's Houthi rebels on the vital Red Sea shipping lane since the...

UN special envoy Hans Grundberg's announcement marks the latest step to end the nine-year war that has killed hundreds of thousands of people and triggered one of the world's worst humanitarian crises. It follows recent meetings by Grundberg with head of Yemen's Saudi-backed presidential council and the chief negotiator of...

The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain. The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel...

Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels. US stocks sought to continue last week's rally on expectations the Federal Reserve will cut interest rates next year, though it appears to have lost steam...

Abu Dhabi, UAE--ADNOC and Santos have signed a strategic collaboration agreement (SCA) to build a joint global-carbon-management platform that could support the decarbonisation journey of customers throughout Asia-Pacific. The SCA also provides companies with the opportunity to work together to advance critical carbon capture and storage (CCS) technologies necessary to...

Dubai, UAE -- Dubai has maintained its ranking among the top five global maritime centres on the 2023 International Shipping Centre Development (ISCD) Index for the fourth consecutive year. The city also earned the top rank for sea freight and logistics services in the Arab world, as per the latest...

Cairo, Egypt--Shipping traffic was flowing normally on Egypt's Suez Canal on Wednesday, two shipping sources based in the country said, after two tankers that collided earlier were separated. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided...

The shipping sector is under fresh pressure to reduce its reliance on fossil fuels as the International Maritime Organization sealed a deal on Friday that raises its emissions-reduction targets. In Arcachon Bay in southwest France, the startup Beyond The Sea tested a blue inflatable kite sail to pull a specially-designed...

Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports. According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China,...

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, announced on Thursday the deployment of five new-build Very Large Gas Carriers (VLGC). The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW...

Abu Dhabi, UAE-- In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched a new direct shipping service dedicated to Ro-Ro between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port. Commenting on the launch of the new shipping service, Captain Ammar Mubarak Al Shaiba,...

To establish connectivity in the Indian Ocean, the two countries need to look at various other aspects, such as setting up a shipping chamber, holding conferences, and appointing transportation attachés at their diplomatic missions to facilitate shipping ventures between Indian and Indonesian firms, he adds.

Riyadh, Saudi Arabia--The Saudi Ports Authority, also known as Mawani, has sanctioned five new shipping services that will link up the Kingdom with 43 international ports.  The five new services are projected to support commercial traffic, strengthen the national imports and exports system, as well as provide alternatives for importers, exporters, and shipping agents. In...

Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) and Saudi shipping giant Bahri have jointly announced the addition of a new freight service connecting Europe and Asia via Jeddah Islamic Port. Besides increasing Bahri’s shipping network coverage and bolstering international supply chains, the new route is set to expand...

They will collaborate in shipping, logistics and ports services.

They will launch a joint venture to provide services for energy companies.

LONDON, UK - The UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) of the Kingdom of Saudi Arabia signed a Memorandum of Understanding (MoU) for mutual recognition of maritime certificates issued in the two countries. The move is in line with their shared vision to...

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) won an award at the ninth edition of the Maritime Standard Awards. The awards is an annual industry event that felicitates top performers in the shipping, ports, and related sectors spanning the Middle East and the Indian Subcontinent. The award crowns...

Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at 15.33 percent from last year’s total of 602,210 TEUs.

The firm's total VLCC fleet value is now $245 million.

The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".

The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil price cap and ban on Russian exports worth $7 billion. It also plans to expand its travel blacklist and asset freezes to include high-ranking Russian officials and organizers of the...

They will launch a new international dry bulk shipping service.

The financial details of the transaction were not disclosed.

French oil group TotalEnergies and shipping giant CMA CGM announced price cuts on Friday as demanded by the government amid growing calls for windfall taxes on their profits

They will work on projects to decarbonize bulk cargo shipping.

The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power Sector' award during the recently held Decarbonization and Climate Action Awards

Tehran and Moscow are seeking to expand cooperation in energy and trade, officials said Wednesday, as Russian Deputy Prime Minister Alexander Novak visited Iran. Both countries have huge oil and gas reserves but are constrained by sanctions imposed by the West that limit their ability to export their resources. Novak...

Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and slow new projects, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.

The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume of 18,020 TEUs on a single vessel. The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services. Additionally, the landmark milestone was reached...

Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, Bangladesh AK Abdul Momen foreign minister has said. Momen is on a four-day official visit to the UAE. He...

The gross container volumes rose by 9.4% year-on-year.

Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the situation in the air freight market "continues to remain challenging," according to DHL Global Forwarding Middle East & Africa CEO Amadou Diallo.

It will add warehouses in Ecuador and the Dominican Republic.

Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...