UK oil and gas player Serica Energy has struck a deal to acquire Pharos Energy, outbidding Ratio Petroleum Energy. The offer values Pharos’ issued and to be issued share capital at approximately…
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Regional Container Lines (RCL) has cancelled a scheduled China–Red Sea sailing, citing the continued escalation of security threats in the Red Sea region. The carrier said it has declared Force…
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The wars in Ukraine and the Middle East collided at sea over the weekend after a Ukrainian long-range drone strike hit an Iranian vessel in the Caspian Sea, prompting Tehran to warn that the attack…
The Strait of Hormuz experienced its quietest weekend in nearly two weeks after the US and Iran paused their attacks, but commercial shipping remained close to paralysis and tensions continued to…
A multinational rescue operation is underway in the South China Sea after the Vietnamese general cargo ship Khoi Nguyen 18 sank in severe weather near Fiery Cross Reef. Chinese maritime authorities…
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.
