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Red Sea

Red Sea crisis results in more container ship usage, adding to emission woes

The Red Sea crisis has put plans of some operators to replace aging fleets with newer more fuel-efficient ships on the backburner.

RED SEA - YEMEN COAST

Red Sea tensions: UK security firm says vessel targeted near Yemen’s Hodeidah

Yemen’s Houthis have staged attacks on shipping in the Red Sea region for months in solidarity with Palestinians in Gaza

AD Ports group, Iraq sign deal too develop free zone Pic for illustrative purposes

AD Ports Group, Iraq to develop Al Faw Grand Port and Economic Zone

The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq

Global aviation to recover to pre-Covid levels in 2024, says Kuwaiti-linked Menzies

One of Agility’s subsidiaries is Menzies Aviation, which is the world’s largest aviation services company, reported substantial revenue and EBITDA growth

Kuwait’s Agility plans to list operations and assets unit on ADX

Kuwait’s Agility Global plans to list on Abu Dhabi’s ADX

The logistics major will remain the majority shareholder in its subsidiary following the listing, with a 51 per cent stake

Etihad Rail, BEEAH Group ink waste management deal

Etihad Rail signs waste management deal with BEEAH Group

The rail developer said BEEAH Tandeef will apply circularity principles when recycling certain waste, converting it into fertiliser for local agricultural use

GCAA introduces CARDS system to help cargo sector GettyImages-692496282

UAE’s new cargo data reporting system is primed to support providers

The platform will furnish an analytical overview of air cargo movements within, to and from the UAE

AD Ports acquires 60 per cent stake in Tbilisi Dry Port Image

AD Ports Group acquires majority stake in Tbilisi Dry Port

The port offers direct rail links to Turkey, Georgian ports, and ultimately Black Sea ports in Bulgaria and Romania. Additionally, it has eastward connections to Caspian Sea ports via Azerbaijan

Red Sea

Hapag-Lloyd to seek cost cuts in 2024 as Red Sea crisis hits profit margins

Habben Jansen said the Red Sea crisis had rather enforced route changes

women chauffer blacklane

Driving change: Blacklane powers gender equality one car at a time

Blacklane’s chauffeur service achieves gender equality with an impressive 50 per cent female chauffeurs within one year of service

RED SEA - YEMEN COAST

Tesla to Qatar Energy: How companies are responding to Red Sea tensions

From impacting the cost of freight to the cost of energy, tensions in the Red Sea are having a direct impact on global trade

shipping

Risk is the new normal in ocean shipping as Red Sea tensions reign: Experts

The Red Sea tensions have spurred cargo delivery disruptions and soaked up excess vessel capacity, raising global shipping costs

Red Sea

Ship sunk after Houthi attack could lead to environmental disaster in Red Sea

The Rubymar went down in the southern Red Sea late on Friday or early on Saturday

dp world - a leader in breakbulk

DP World: Pioneering breakbulk logistics globally

In 2023, DP World’s Jebel Ali Port handled over 4.35 million tonnes of breakbulk cargo, adding to the 40 million tonnes handled over the last decade for local and international clients

Abu Dhabi, Einride join forces to electrify road freight transport image supplied

Electrifying road freight: Abu Dhabi, Einride join forces

The initiative aims to decarbonise Abu Dhabi’s entire road freight transport by 30 per cent by 2030

Agri terminals facility groundbreaking ‌ in dubai by DP World

Dubai breaks ground on mega $150m Agri Terminals facility

Agri Terminals will be Dubai’s largest multi-tenant facility for integrated agricultural processing and silo storage

FedEx invests $350m in air, ground regional hub at DWC

Here’s why FedEx has invested $350m in Dubai logistics hub

The 57,000-square-metre facility incorporates advanced technologies that include automated sort systems to enhance the efficiency

Red Sea

Red Sea tensions: Cargo ship abandoned after Houthi Attack

The crew abandoned the ship early on Monday after seeking assistance from Djibouti authorities

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

AD Ports Group sees profits soar to Dhs1.36bn in 2023

Revenue growth was driven by the Maritime & Shipping (M&S), Ports, Logistics, and Digital Clusters, with M&S contributing the most

DP World Marine Services opens new columbia-panama route Image DP World

DP World Marine Services launches new Colombia-Panama route

The new service marks the 19th shipping route launched globally by the company since October 2022

aramex

Aramex reports strong financial performance with 2x growth in Q4 2023 net income

While Aramex’s international express unit witnessed remarkable growth in shipment volumes and revenue, other business segments experienced softer performance

Aldar to invest $$111m in Europe logistics and storage assets

Aldar, Carlyle to co-invest $111m in Europe logistics and storage assets

The developer will take a majority stake in a co-investment platform, which includes a portfolio of 14 warehouses in the UK

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

The solution is expected to be a great addition to Maqta Gateway’s in-house single window offering for ports’ digitalisation

Ghitha Holding acquires 44 per cent stake in MNG Airlines Image Supplied

IHC’s Ghitha Holding acquires $211.2m stake in MNG Airlines

The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector

AD Ports, Karachi Port Trust expand operations in Pakistan

UAE’s AD Ports signs 25-year concession deal with Karachi Port Trust

Karachi Gateway Terminal Multipurpose, a joint venture between AD Ports and Kaheel Terminal, will take over East Wharf’s existing operations as part of the deal

Red Sea shipping

Red Sea tensions to drive ocean freight shipping rates up by 243%

While the situation remains volatile and subject to change, the newly-released data is best indication of where the market is headed

7x - emirates post

7X: Emirates Post reveals new corporate identity

The nomenclature ‘7X’ represents seamless connectivity of the seven emirates to the seven continents and across the seven seas

UK Foreign Secretary David Cameron

UK Foreign Secretary David Cameron in Oman as Red Sea tensions escalate

His visit to Muscat follows regional travel last week where he met with leaders in Israel, Qatar and Turkey

Abu Dhabi: KEZAD's Dhs621m injection to supercharge warehousing sector image Kezad

Abu Dhabi: KEZAD’s Dhs621m injection to supercharge warehousing sector

 KEZAD Group has commenced construction of the new phases in light of strong demand for warehousing and other prebuilt facilities across Abu Dhabi, in both free zone and domestic industrial areas

AD Ports Group to digitalise Aqaba port operations

AD Ports Group’s Maqta Gateway to digitalise Aqaba port operations

The implementation of port community system marks the first ever export of Abu Dhabi’s key port digitalisation solution