Rates on intra-Asia trades have ended six weeks of decline, helped by port congestion in China and a rebound in bunker prices, with average prices up 1% week on week on 6 August, to $970 per 40ft.…
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Turkey backs Saudi-led maritime defence coalition in Red Sea Turkey confirmed on Thursday for the first time that it had joined efforts to establish a multinational maritime defence coalition…
Taiwanese shipping line Yang Ming reported a very profitable Q2 26, amid the US/Israel-Iran war, benefiting from an early peak season. The carrier reported $1.45bn of revenue, up 20% on Q2 25, but…
HMM maintained solid profitability in the first half of 2026 despite higher fuel costs and disruption linked to the Middle East conflicts. The South Korean container carrier reported revenue of KRW…
Maersk CEO says conditions right to increase transit through Suez Maersk, a Danish shipping company that accounts for 15 percent of maritime transport worldwide, reported a second-quarter operating…
Analysis: Saudi Arabia’s new maritime coalition put to the test Arab News
Danish shipping group Maersk MAERSKb.CO on Thursday smashed profit forecasts and raised its full-year earnings guidance for a second time this year as the Middle East conflict, port congestion and…
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.
