OOCL expands fleet with introduction of 24,000 TEU mega vessel
SINGAPORE : Orient Overseas Container Line (OOCL) announced the addition of a new 24,000 TEU mega vessel to its fleet. The newest member of OOCL’s fleet was named OOCL
AD Ports Group and Red Sea Port Authority Initial 15-Year Concession Agreement to Boost Cruise Touri
CAIRO : AD Ports Group, a leading facilitator of global trade, logistics, and industry today initialled a 15-year concession agreement with the Red Sea Port Authority (RSPA), to
Saudi Red Sea Authority initiates on ground inspections ahead of License Issuance
RIYADH : Saudi Red Sea Authority (SRSA), the key enabler and regulator of coastal tourism activities in Saudi’s Red Sea, has begun on ground inspections as a prerequisite
ONE Line to announce a new West India Service to call Savannah from May 2024
SINGAPORE : Ocean Network Express will launch a new containership service between Port of Savannah and West India in May 2024. The new offering will give the Georgia
US invites India to join naval coalition in Red Sea
NEW DELHI : The US has invited India to join the multi-national naval coalition, Operation Prosperity Guardian, to counter threats posed by Yemen’s Houthi militants in the Red
US and Allies issue ‘Final Warning’ to The Houthis over Red Sea Attacks
WASHINGTON : A strong warning has been issued to the Houthi rebels in Yemen by the United States and twelve of its allies, including Australia, Belgium, Bahrain, Canada,
Houthis Warn Biden After Fresh Ship Attack; Ship ‘Attacked’ near Houthi Bastion in Red S
SANAA : Yemen’s Houthi militant group has issued a big warning to the United States. Houthis said the U.S. will be punished if it continues with reckless actions
Maersk Group looking for the development of Laldia Container Terminal
DHAKA : Chittagong Port Authority (CPA) and the APM Terminals, a subsidiary of the Maersk Group, are set to negotiate a transformative Public-Private Partnership (PPP) for the development
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed
COSCO Shipping Energy invests $449M in methanol dual-fuel tankers
SHANGHAI : COSCO Shipping Energy Transportation, has recently finalized significant shipbuilding agreements, securing contracts for the construction of six new tankers valued at a total of $449 million.