Dubai: FIS, freight and commodity swaps brokerage, has opened an office in Dubai, UAE in response to the growing market for freight and commodities and its proximity to Asian markets.

Doha: Qatar has discovered another offshore field containing about 2.5 trn cu feet (tcf) of natural gas, the country's first gas find since 1971, its energy minister said on Sunday.

Manila : Port management company International Container Terminal Services Inc (ICTSI) has reported net income of $144m for 2012, a 10% rise on 2011's $131m

Dubai: Unconfirmed media reports are claiming that crude oil tanker Smyrni and her crew of 26 have been released by Somali pirates and are heading to Salalah.

Seoul: CKYH-the Green Alliance is reorganising their service network for Asia-North Europe and Asia-Mediterranean trades this year.

Dubai: The Royal Grace and its 20 crew have been released by Somali pirates after it was hijacked a year ago, EU Navfor reports.

Dubai: Drydocks World, the Dubai-based maritime industry service provider, has formed Dubai Council for Marine and Maritime Industries (DCMMI), a specialised non-profit trade and industry council to promote the interests of the marine and maritime...

Hong Kong: DP World is selling stakes in two Hong Kong container terminals and a logistics business for a total of $742m. Hutchison Port Holdings Trust is buying all of Asia Container Terminals which operates container terminal 8 west from DP...

New York: Freight rates of dry bulk carriers worldwide will register a “meaningful increase” by 2015 when demand starts to overtake the slowing vessel tonnage growth, according to Bank of America Merrill Lynch.

Dubai: Five seafarers were stuck onboard their vessel in a UAE port for almost two years because of a legal wrangle are claiming thousands of dollars in unpaid salaries. The crew of the cargo ship Azraq 7 filed a case with the Dubai Labour Court...