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.

Italian startup container line Kalypso has filed for bankruptcy following a collapse in freight rates and the disruption of its services to Israel, reported Italian media.

China Merchants Energy Shipping is to build two bulk carriers and two multi-purpose vessels from China Merchants Industry.

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.

Cosco Shipping Energy Transportation has inked a shipbuilding contract for six methanol-fuelled tankers with Cosco Shipping Heavy Industry.