The reported $57m sale of the 23-year-old VLCC Hellstugutinden provides the latest evidence of just how hot the market for vintage tanker tonnage has become. The 2003-built, 300,000 dwt vessel is…
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There seems to be no letup in capacity pressures plaguing alternative Middle East hubs, after container lines extend the levy of congestion surcharges to more gateways. After Saudi Arabia’s Jeddah,…
Hapag-Lloyd has announced new requirements for transit shipments moving via Jeddah, Saudi Arabia, to Upper Gulf destinations. Following an update from the Saudi Ports Authority (Mawani), transit…
Aug 24 (Reuters) - Iran has issued a warning that vessels violating its arrangements for transiting the Strait of Hormuz could face restrictions, including fines, detention, or confiscation, the…
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on…
Less than 20 ships transit Strait of Hormuz over weekend Fewer than 20 vessels have travelled through the Strait of Hormuz during the weekend, data from Kpler showed. Four vessels crossed…
The honorary chairman of Kuehne + Nagel and largest single shareholder in Hapag-Lloyd has died, leaving an empire that straddles both sides of the logistics counter and an open question about what…
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.
