The structural decline in likely oil demand as a result of global climate policy may be daunting for many oil producers, but not those located in the Gulf for whom the outlook is ‘rosy’, according to a Special Report published in the most recent...

As shipowners and charterers avoid the Red Sea due to Houthi attacks and divert via the Cape of Good Hope they are faced with a hefty additional fuel bill.

In a bid to emphasise the seriousness of the Red Sea Situation, The International Bargaining Forum’s (IBF) Warlike Operations Area Committee (WOAC) unanimously agreed to designate the Red Sea and Gulf of Aden ‘Warlike’.

Houthi rebels in Yemen say they will expand the range of their attacks on shipping to cover across the Indian Ocean to South Africa and the Cape of Good Hope.

The deep decline in container freight has seen both Hapag-Lloyd and Yang Ming post sharp drops in annual profits, and Zim sink deeply into the red.

Dubai-headquartered DP World has inaugurated the latest in a string of more than 100 freight forwarding offices across the world.

Ocea Network Express (ONE) has opened a new headquarters for its West Asia region in Dubai and appointed a regional director.

Increasing attacks on commercial shipping navigating the Red Sea and Gulf of Aden have virtually tripled the EU Emissions Trading System (EU ETS) costs as most vessels have opted to divert around the Cape of Good Hope.

The Saudi Ports Authority (MAWANI) has launched the Ports Community System (PCS) under the umbrella of the unified logistics window ‘Logistics’.