Maersk has issued a further update on the impact of the East Asia typhoon season on regional supply chains. The carrier said recurring severe weather is causing congestion at several of the region’s…
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Yemen’s Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed by Houthi and Yemeni…
Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15.
Maersk has introduced new emergency freight rates for container cargo affected by disruption around the Strait of Hormuz. The charges apply to cargo loading from or destined for ports in Iraq,…
The tanker sale that has dominated market chatter this month has finally taken shape, with Dubai-based trading house Onex DMCC linked to an extraordinary $200m purchase of a near-new VLCC from George…
Hormuz vessel transits fall to single digits The number of vessel transiting the Strait of Hormuz fell to seven on Thursday from 11 the previous day, well below the 10-day average of 15, according to…
Strategic partners DP World and Asian Terminals have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry cranes at Manila South Harbour, manufactured by ZPMC. The new cranes bring the…
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