Anti-ship ballistic missiles were fired into the Red Sea on January 2, demonstrating the continued threat to merchant shipping despite an international naval presence.
Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.
The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the world’s largest container line MSC, have signed an agreement to develop the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi...
As the EU Emissions Trading System (EU ETS) became enforceable from 1 January conflict in the Red Sea has seen many vessels divert to the much longer route around the Cape of Good Hope, both impacting container freight rates.
Maersk announced it will extend a 48 hour pause to transits through the Red Sea and Gulf of Aden until further notice following the attack on one of its ships over the weekend.
The Port of Baku on the Caspian Sea sees itself as an alternative for moving cargoes between Europe and China and part of the backbone of a transport corridor between the two.
Singapore shipyard group Seatrium has secured a contract from Shell Offshore Inc to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible Floating Production Unit (FPU).