CMA CGM has teamed up with newcomer Saudi container line Folk Maritime on an upgraded service between Jeddah and the North Red Sea.

For anyone other than those on the receiving end of containership freight rates, the dawn of each new day brings an absence of good news in this increasingly hazardous world.

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.