Greek owner Velos Tankers has reportedly sold the 2008-built LR2 tanker Velos Emerald for $50m. Numerous brokers report a striking return on a ship acquired five years ago for about $17m from Mitsui…
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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…
The US Senate will vote Tuesday on Russian sanctions, days after Ukraine attacked an Iranian vessel in the Caspian Sea.
Oslo-listed seismic specialist TGS has won a new OBN contract from an undisclosed client in the Africa, Mediterranean, and Middle East (AMME) region. A deep-water crew is scheduled to mobilise in the…
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.…
Sociedad Portuaria Regional de Buenaventura (SPRBUN) has appointed HPC Hamburg Port Consulting (HPC) to develop a terminal optimization and business development strategy for its multipurpose terminal…
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.
