Oil tanker company Hunter Group ASA says it’s owed $55 million by a counterparty that’s disputing its contractual obligations after a surge in the world’s benchmark freight rate.
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Iran is preparing to draw a line at sea that no shipowner has seen before not around a vessel’s flag, and not around a fee, but around a stretch of ocean it shares, uneasily, with the US Navy. The…
That could rejuvenate regional trade in the Middle East
Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian…
SAFEEN Drydocks has expanded its ship repair capacity with a new 230-metre floating dock at Zayed Port in Abu Dhabi. According to the company, the facility is the largest floating dock in the UAE.…
A proposal to sell the Suez Canal, in north-eastern Egypt, has sparked widespread concern among Egyptians, who are already deeply suspicious of the government’s accelerated sale of state assets,…
DP World Southampton will revise the incentive rates under its Modal Shift Programme (MSP) from 1 October 2026. The programme encourages import containers to move from Southampton by rail rather than…
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.
