HMM has decided it needs more ships to support its hub-and-spoke model for liner shipping. On Friday, the South Korean flagship carrier’s directors approved a $19.7bn budget to take its fleet to 166…
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By Timour Azhari RIYADH, July 27 (Reuters) - Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and hasbeen emboldened…
An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb Strait, as Houthi threats heighten…
Maersk will introduce a temporary Emergency Inland Fuel/Energy Surcharge for inland shipments across the Nordic region, citing higher fuel costs linked to the evolving situation in the Middle East.…
India’s embassy in Tehran said it is in close contact with authorities after a liquefied petroleum gas tanker, with 28 Indian crew members onboard, came under attack in Iranian territorial waters on…
Asyad Shipping has agreed to sell 20% stakes in the companies that own two of the Omani group’s latest LNG carriers. Oman LNG Development Foundation Investment Fund and Mars Development and…
From corridor to system The Iraq–Syria arrangement a corridor, not yet a system contingent on trucking converting into fixed infrastructure. The post Does the pipeline MoU make commercial shipping a…
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