The drought in the Panama Canal and attacks on the shipping in the Red Sea are creating an asset imbalance in container shipping akin to that seen at the start of the Covid pandemic in 2020.

A Master and Chief Engineer were reported to have been abducted by pirates in the west African Gulf of Guinea region on New Year’s Day, off the southern coast of Cameroon.

Anti-ship ballistic missiles were fired into the Red Sea on January 2, demonstrating the continued threat to merchant shipping despite an international naval presence.

The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the world’s largest container line MSC, have signed an agreement to develop the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi...

As the EU Emissions Trading System (EU ETS) became enforceable from 1 January conflict in the Red Sea has seen many vessels divert to the much longer route around the Cape of Good Hope, both impacting container freight rates.

Maersk announced it will extend a 48 hour pause to transits through the Red Sea and Gulf of Aden until further notice following the attack on one of its ships over the weekend.

Inchcape Shipping Services announced a major investment in Leth Suez Transit, a global shipping agency headquartered in Egypt.

AD Ports Group has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a new multi-purpose terminal at Safaga Sea Port in Egypt.

The EU’s Emission’s Trading System for shipping, the resurgence of piracy, and electronic trade documentation are all trends to keep a watchful eye on in the new year according to Keystone Law.

Saudi Arabia’s ACWA has signed a framework agreement on the development of the first phase of a green hydrogen project in Egypt.