COSCO Shipping Development has approved orders for 15 newcastlemax bulk carriers in a RMB7.92bn ($1.1bn) expansion of its ship-leasing portfolio. Ten of the 210,000 dwt vessels will be built by…
Read the full story at Splash247 →RiyadhCargo.com is a news monitoring service — the full article is published by Splash247 and opens in a new tab.
Riyadh seeks partners to safeguard shipping in Red Sea as strikes on energy tankers expand, pushing oil prices higher.
RIYADH, July 29 (Reuters) - Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, two people familiar with the deliberations said on…
ALBAWABA - A drone strike hit a U.S. ship at Damietta port city in Egypt, causing two ships for the processing and storage of gas to catch fire...
Yemen's Houthi rebels have launched attacks on Saudi shipping in a show of solidarity with Iran, disrupting tanker traffic in and out of Yanbu. But ev...
Oman’s Gulf-backed plan asks ships to pay for Hormuz passage voluntarily. The paradox: voluntariness makes the fee harder to refuse and harder to defend. The post Omani Plan: Hormuz stops being…
Around 50 countries have been invited to join the Saudi-led initiative aimed at countering Houthi threats to Red Sea shipping and preventing a repeat of recent disruptions in the Strait of Hormuz.
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.
