India’s Adani Shipping has started pruning its capesize fleet, selling the 2012-built Aashna to Chinese buyers for approximately $37.5m. Brokers had initially circulated the 179,500-dwt Aashna and…
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Houthi attacks for now are shaping who moves Saudi crude, not whether it moves, analysts say, even as oil prices soar.
CMA CGM will introduce new Freight All Kinds (FAK) rates and a Peak Season Surcharge (PSS) on shipments from the Mediterranean and North Africa to the Middle East Gulf and Red Sea, effective 1 August…
Singapore offshore vessel operator PACC Offshore Services Holdings has secured a long-term subsea diving services contract in the Arabian Gulf. The Kuok Maritime Group company will deploy the POSH…
The shipping crisis straddling the Strait of Hormuz and Red Sea entered a more dangerous phase on Friday as Washington weighed a major escalation against Iran, oil slicks spread towards two Gulf…
A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024 [Tayfun Coşkun/Anadolu Agency] "…
Shipping’s exposure to geopolitics intensified this week, with the industry confronting simultaneous threats in Hormuz and the Red Sea, renewed attacks on Black Sea trade and a tariff reset. The…
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.
