War in Gaza has so far led to attacks on merchant vessels transiting the Red Sea, but some experts are also concerned about the spread of vessel attacks to Somali pirates operating in the Gulf of Aden and Arabian Sea region.
![Nakilat Fleet Expansion Image.jpg]( "Nakilat Fleet Expansion Image.jpg")
Nakilat has ordered six new gas carriers to meet its forecasts of continued expanding demand for gas transportation.
Strength in the fundamentals of the tanker market are seen in the coming year as the sector continues to benefit from geopolitical turbulence and resulting disruption.
Maritime Hub Abu Dhabi has been officially launched to promote public-private sector co-operation and sustainability goals.
Houthi rebel leader Muhammad Ali Al-Houthi has ordered his forces not to fire on vessels transiting the Red Sea which declare they have no connection to Israel.
After a disappointing year the dry bulk market picked-up in the last two months of 2023, but the question is will this upturn continue in 2024?
As more and more ships divert from the Red Sea over the threat from Houthi rebels opinion writer Michael Grey warns the situation should not be allowed to drift on.
Spot container freight rates from Asia – Europe have more than doubled over the last two weeks as lines divert via the Cape of Good Hope to avoid attacks in the Red Sea.
