Columbia Shipmanagement (CSM) has set up a joint venture in Saudi Arabia with Spectrum Group which will see it taking over the management of 35 offshore units and rigs.

Asian container lines, both global and regional, have mirrored their European cousins with huge increases in profit as freight rates soar on port congestion and supply chain disruption.

OFCO has purchased four Anchor Handling Tugs, a 65-metre landing craft, a supply ship and multipurpose safety standby vessel.

Global oil and shipping group Monjasa has bought the 25,117-dwt flexi tanker Monjasa Trader as a new combined cargo and bunker vessel for its West Africa operations.

Shipping organisations have agreed a size reduction of the High Risk Area (HRA) for piracy in the Indian Ocean.

Basra Gateway Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) subsidiary operating at the Port of Umm Qasr in Iraq, recently passed the 3m teu handling mark.

Rising demand and stronger oil prices normally spell good news for tanker owners. This time round, there are mixed signals. Inflationary pressures are the latest concern, broker Gibson warns.

ICTSI handled consolidated volume of 5.46m teu in the first six months of 2021, 14% more than the 4.8m teu moved in the same period in 2020.

Hapag-Lloyd has opened a new office in the West African country of Senegal located in the capital Dakar to strengthen its presence in Africa.

Grandweld Shipyards in the UAE has delivered the second in a series of three crew boats to Allianz Middle East Ship Management.