ZIM has taken a $3 billion punt that demolition and emissions regulations allied with a more flexible charter market and economic growth will create drivers that will bring a better supply and demand balance to the market in 2025.
The maritime industries are undergoing a revolution in terms of technological advances but faces challenges of cost and talent in realising their full potential according to a senior executive from DP World.
Shipping line ZIM is diverting some of its container ships from transiting the Arabian and Red Seas due to the security threat to Israeli-linked vessels.
DP World and the International Renewable Energy Agency (IRENA) have signed a cooperation agreement to accelerate the use of renewable energy and cut emissions from the ports and maritime logistics sector.
Israeli-linked vessels have found themselves in the crosshairs of Houthi rebels and increased security threats while sailing in the Red and Arabian Seas.
AP Moller – Maersk has decided to close down its operations in Syria from the beginning of December.
Qatar Airways has assured that its dedicated lounge for seafarers opened at the height of the Covid pandemic will remain a permanent feature.
Abu Dhabi Ports (AD Ports) is reported to be close acquire Indonesian logistics container shipping company PT Meratus Line.
DP World has cuts carbon emissions from its UAE operations by nearly 50% this year by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).
The Yemini military has released dramatic video footage of the hijack on Sunday of the car carrier Galaxy Leader.