Brazilian offshore vessel owner OceanPact has acquired Dock Brasil, a ship repair and docking yard located near Rio de Janeiro, for R$119m ($23.1m). Dock Brasil said the goal of this acquisition was…
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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.
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