Oil supertankers in Gulf are renting for $500,000 per day: Report Supertanker owners are getting paid $510,000 per day to bring crude oil from the Gulf to Asia, in a sign of high demand for vessels…
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Traffic through Hormuz Strait shows no rise, data suggests Shipping traffic at the Strait of Hormuz did not rise, with a total of nine vessels transiting the strategic waterway on Wednesday -…
DP World has reached a significant milestone in its US$ 800 million investment programme at the Port of Tartous, completing the delivery of all three Mobile Harbour Cranes that are expected to…
French container line CMA CGM has partly eased its suspension on handling Upper Gulf transit cargo via Saudi Arabia’s Jeddah Port, which has been hit hard by terminal congestion and inland…
The US-Iran Memorandum of Understanding – signed sixty days ago and aimed at reopening the Strait of Hormuz and kickstarting negotiations to end the war – expired yesterday. As Iranian attacks…
The Forward Seamen's Union of India has raised concerns that some shipowners are pressuring seafarers to sail through the high-risk zone in the Strait...
Global supply chains are facing a “double whammy” of disruptions at critical choke points like the Red Sea and Strait of Hormuz. Oliver Sawbridge of Zero100 explains how these simultaneous crises are…
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.
