Abu Dhabi-listed ADNOC Logistics & Services has put $1.3bn to work on an 11-ship buying spree, picking up six VLCCs and five VLGCs through secondhand and newbuild resale deals. Nine ships – all six…
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Crude oil tanker, Amjad, which was one of two Saudi tankers on May 13, 2019 [KARIM SAHIB/AFP via Getty Images " data-large-file="https://i0.wp.com/www.middleeastmonitor.com/wp-content/uploads/2024/09/…
On Thursday, Iranian-backed Houthi forces launched attacks on the Saudi border city of Najran and the Yemeni government stronghold at Marib, part of a...
Iran is considering banning US- and Israeli-linked vessels from transiting the Strait of Hormuz as Tehran and Oman move closer to agreeing a new system for managing traffic through the waterway. A…
SINGAPORE, Aug 7 (Reuters) - Shipping traffic through the Strait of Hormuz has dwindled to 33 vessels from Monday to Thursday this week, data showed, versus 50 in the week-ago period, as markets…
Tehran and Muscat are drafting a Hormuz arrangement this week that reads, on close inspection, less like shared governance and more like Iran buying a co-signature for permanent control with the…
DP World and Balco Australia have signed a new multi-year logistics agreement, strengthening a long-standing partnership to enhance the efficiency and resilience of the export supply chain for…
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