Container spot freight rates on the main east-west trades all declined over the past week, the surest sign yet that this year’s peak season is past its apex – at least in terms of pricing. Drewry’s…
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A Greek tanker carrying Saudi crude exited the Red Sea with its transponder off, while another Chinese vessel and Russian cargoes headed toward the Bab el-Mandeb strait, after Houthi attacks…
The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as…
CMA CGM will introduce new Freight All Kinds (FAK) rates and a Peak Season Surcharge (PSS) on shipments from the Mediterranean and North Africa to the Middle East Gulf and Red Sea, effective 1 August…
Singapore offshore vessel operator PACC Offshore Services Holdings has secured a long-term subsea diving services contract in the Arabian Gulf. The Kuok Maritime Group company will deploy the POSH…
The shipping crisis straddling the Strait of Hormuz and Red Sea entered a more dangerous phase on Friday as Washington weighed a major escalation against Iran, oil slicks spread towards two Gulf…
A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024 [Tayfun Coşkun/Anadolu Agency] "…
The Morning Manifest
One briefing, every morning at 07:00 Riyadh time — the cargo and freight stories that matter across the Kingdom and the region.
