The United States is sanctioning six Chinese entities and two individuals over business relations with Iranian shipping company IRISL and its subsidiary Hafez Darya Arya Shipping Company (HDASCO). The State Department designated IRISL and IRISL’s Shanghai-based subsidiary, E-Sail Shipping Company Lt
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 23.6 per cent jump in the third quarter of 2020.
Container shipping company ZIM Integrated Shipping Services and e-commerce and technology group Alibaba have entered into a broad strategic cooperation agreement for the direct purchase of sea freight.
The coronavirus crisis has not hindered ports’ investments in environmental sustainability, a new survey found.
On 1 October 2020, Saudi Global Ports Company (SGP), one of PSA International’s subsidiaries, assumed the management of both first and second container terminals at King Abdulaziz Port Dammam (KAPD).
Lebanese public prosecutors have asked Interpol to issue arrest warrants for the Russian captain and owner of cargo vessel Rhosus, from which a shipment of ammonium nitrate was confiscated back in 2013, Reuters reported citing Lebanese NNA news agency. Boris Prokoshev has been identified as the capt
ADNOC Logistics and Services, the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company, has signed a 25-year deal to service all petroleum ports in Abu Dhabi on behalf of the Petroleum Ports Authority (PPA). The agreement includes the onshore Jebel Dhanna Ruwais Petroleum
UAE-based port operator Abu Dhabi Ports, part of ADQ, has acquired MICCO Logistics, a local freight forwarder, becoming a fully integrated supply chain logistics provider.
An oil spot has been identified some 50 km west of the Safer oil tanker moored off the western coast of Yemen, Reuters reported citing a letter from Saudi Arabia to the UN Security Council. The letter, written by Saudi Ambassador to the UN Abdallah Al-Mouallimi, said “a pipeline attached to the vess
Trafigura, one of the world’s largest ship charterers, has proposed that the International Maritime Organization (IMO) introduces a carbon levy to help boost competitiveness and uptake of alternative fuels. The company is proposing a levy between $250 and $300 per metric tonne of CO2 equivalent on s
On 24 September, the IMO and the global maritime community come together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. The topic is in line with the industry-wide efforts pushing to save fuel, and develop green energy sources as they wor
With the EU advancing on its plans to include international shipping in its Emissions Trading System (ETS), the pressure is on for the international maritime industry to introduce a market-wide measure to pay for its share of emissions. Under the plan, the EU wants to include the maritime sector int
Qatari LNG shipping giant Nakilat has taken the next step in the second phase of its planned fleet management transition.
Dubai-based port operator DP World has partnered up with an Israeli group DoverTower in plans to jointly bid to privatize Haifa Port on the Mediterranean, Reuters reports. The deal was signed by Dovertower head Shlomi Fogel, the co-owner of Israel Shipyards and the Port of Eilat, and DP World Chairm
