#shipping

Adnoc L&S signs &250m contract for VLACs Image DNOC L&S for illustrative purposes

ADNOC L&S JV inks deal worth $250m for mega ammonia carriers

The partnership reflects ADNOC L&S’s ongoing role in supporting the energy transition, while also fostering robust industrial collaborations between the UAE and China

Red Sea insurance costs soar as Houthi shipping threats loom

Red Sea insurance costs soar as Houthi shipping threats loom

The Sounion, which was struck on August 21 and laden with about one million barrels of crude oil, was towed without an oil spill

Dubai ranks among top 5 in global shipping index for 5th consecutive year

Dubai ranks among top 5 in global shipping index for fifth year

Dubai is the only Arab city among the top 20 listed in the 2024 International Shipping Centre Development Index

Red Sea - shipping - logistics

How have global shipping firms reacted to Red Sea tensions?

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

Red Sea

Shipping industry urges Red Sea action as Houthis sink second vessel

International naval forces have been deployed to provide defensive support for ships sailing through the Red Sea, but the attacks have increased significantly

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 - MAERSK

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

Maritime sector GHG emissions could rise 44% by 2050, reveals report Image Getty Images for illustrative purposes

Maritime sector GHG emissions could rise 44% by 2050, reveals report

Maritime transport currently contributes to 3 per cent of global greenhouse gas emissions, which amounts to a massive 1,708 million metric tonnes

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 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

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

red sea

Russian oil flows through Red Sea still face lower risks

Recently, four tankers carrying Russian Urals crude passed through the Bab-el-Mandab strait with another three heading south through the Red Sea

An armed, masked group has boarded a ship near Oman, says UKTMO.

UPDATE: Iran has seized St Nikolas ship near Oman

About 4 to 5 unauthorised individuals boarded a vessel near Oman on Thursday, a security group has reported

Another country added to UAE’s banned ships list

Ships flying the Cameroon flag have been added to a list of banned vessels by the UAE

Red Sea and a map of Saudi Arabia. (Getty Images)

World’s fifth biggest shipping firm steers clear of Red Sea

German shipping firm Hapag-Lloyd will continue to circle around the Cape of Good Hope as issues in the Red Sea remain

suez canal

Shipping traffic through Suez Canal down 20% due to Middle East tensions

The Suez Canal is an important source of dollar revenues for Egypt

ANTONY-BLINKEN-MAHMOUD-ABBAS-STATE-DEPT

Antony Blinken back in the Middle East as Israel crisis rages on: 8 countries on tour list

Blinken’s visit to the region comes amid an escalation to the crisis in the Middle East

red sea

How could Red Sea tensions affect oil and gas shipping?

About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023

Red Sea - shipping - logistics

Oil shipments on Maersk vessels could re-route via Cape: Reports

The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area

Ad Ports Group acquires 10 offshore vessels for $200m HQ-e1680508778804

Abu Dhabi: AD Ports Group purchases 10 offshore vessels to bolster regional operations

AD Ports’ acquisition signifies an increase of around 20 per cent in offshore and subsea capacity for the group, boosting Middle East and Southeast Asia operations

shipping

Maersk to cut at least 10,000 jobs as shipping boom unravels

The company kept its full-year guidance for revenue and operating profit but now expects both to land at the lower end of the range

AD Ports Group Cruise Season 23-2024 image supplied

Abu Dhabi welcomes first cruise liner, as 2023-24 cruise season begins

The upcoming cruise season promises significant growth with Abu Dhabi Cruise Terminal slated for 126 calls, starting from November 1.

ISCD Index 2023 Dubai ranks among top maritime hubs globally Image Dubai Media Office

Dubai retains spot among top five global maritime centres: ISCD Index

Dubai is the only Arab city on the Index that features 20 of the world’s most prominent international maritime centres

Al Seer Marine invests into Adnoc L and S

Al Seer Marine makes Dhs257m cornerstone investment into ADNOC L&S

Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022

shipping service

AD Ports Group introduces new shipping service to Kuwait

The service aims to improve commercial connectivity and facilitates trade with Kuwait

Drydocks World now an affiliate of Dubai Ports Authority media centre

New law establishes Drydocks World as Dubai Ports Authority affiliate

The law outlines the authority’s responsibilities, including planning and policy development for overseeing the emirate’s seaports and terminals

AD Ports Group

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

AD Ports Group inks deals with Kazakh National Oil Company subsidiary

AD Ports Group inks deals with Kazakh National Oil Company subsidiary

The new joint venture will provide offshore services as well as crude transportation for energy companies operating in the Caspian Sea and the Black Sea

Fujairah attracts investment in maritime sector

Fujairah attracts investment in maritime sector

The emirate has a strategic location on the country’s east coast and is a key shipping hub