The Suez Canal, is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years
The departure means state-owned Deutsche Bahn needs to lower its sights on proceeds because Bahri’s offer was the highest
Red Sea shipping disruptions having a ‘cascading impact’ said the shipping giant
The planned logistics hub aligns with the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy to $8.7tn, by 2033
The partnership aims to attract shipping companies to establish additional maritime routes and encourage cooperation through slot exchanges and vessel space purchases
The vice president of FedEx MEA Operations discusses the company’s strategic initiatives, including the new FedEx hub at Dubai World Central
The longer route around the Cape of Good Hope, to avoid attacks by Yemen’s Houthis in the Red Sea, has pushed up shipping costs as well as emissions
Asya Energy is the first LNG tanker to sail through the Strait since January, when LNG voyages through the Red Sea were first suspended
International naval forces have been deployed to provide defensive support for ships sailing through the Red Sea, but the attacks have increased significantly
Banks should invest in robust SCF solutions that offer comprehensive features for automating end-to-end factoring processes from uploading of invoices to settlement
The Red Sea crisis has disrupted global shipping by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa
The container terminal has an annual container capacity of 1 million TEUs
An agreement with the final buyer should be in place this year, with the sale scheduled to be completed in 2025
Maalexi’s digital platform allows thousands of UAE-based SMEs to procure food and agricultural products more safely, quickly and cost-effectively
The chemical compound is a promising alternative to fossil fuels in industries where decarbonisation is challenging
The groundbreaking follows on the heels of DP World opening freight forwarding offices in Dammam, Jeddah and Riyadh
The new entity will serve as a port and liner agency, offering a comprehensive suite of maritime services tailored to meet the diverse needs of clients
The partnership between AD Ports Group and the Chittagong Port Authority is poised to further strengthen economic cooperation
The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers
The CEO for Europe Middle East & Africa (EMEA) tells us that the company is fostering its operations and logistics networks throughout the GCC region while leveraging its strategic partnerships
Maersk’s fuel costs on the affected routes between Asia and Europe are now 40 per cent higher per journey
The tensions in the region have led to a sharp drop in commercial vessel voyages through the Red Sea and Gulf of Aden
The Red Sea crisis has put plans of some operators to replace aging fleets with newer more fuel-efficient ships on the backburner.
Yemen’s Houthis have staged attacks on shipping in the Red Sea region for months in solidarity with Palestinians in Gaza
The agreement aims to stimulate trade connectivity and strengthen economic partnership between the UAE and Iraq
One of Agility’s subsidiaries is Menzies Aviation, which is the world’s largest aviation services company, reported substantial revenue and EBITDA growth
The logistics major will remain the majority shareholder in its subsidiary following the listing, with a 51 per cent stake
The rail developer said BEEAH Tandeef will apply circularity principles when recycling certain waste, converting it into fertiliser for local agricultural use
The platform will furnish an analytical overview of air cargo movements within, to and from the UAE
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