Jeddah Islamic Port posts 25% spike in April container throughput
RIYADH : Jeddah Islamic Port has notched a 25.07% hike in total container volumes during April this year, handling around 465,348 TEUs compared to last year’s 372,064 TEUs according to monthly data published by
DP World launches direct freight service between UAE and Iraq
DUBAI : DP World, a leading provider of global supply chain solutions, has launched the first direct freight service between the UAE and Iraq to make the flow of goods between the two countries
DP World completes Vancouver Port expansion
VANCOUVER : DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World Vancouver, and the 100th anniversary of the port’s
Chattogram to Ranong direct shipping yet to start after 1.5 years of signing MoU
DHAKA : Traders in Chattogram were quite upbeat when Bangladesh and Thailand signed a memorandum of understanding in December 2021 to launch direct coastal shipping services between Chattogram and Ranong ports. It would save
COSCO to take stake in Hamburg Port terminal
BERLIN : Germany has agreed to let Chinese Shipping giant COSCO buy a stake in a container terminal at Hamburg’s Port. The deal was originally given the green light last October, but ran into
World Bank: Global container ports continue to recover from pandemic-era disruptions
WASHINGTON DC : Operational conditions at global ports have improved significantly following the unprecedented levels of disruption triggered by the COVID-19 pandemic, according to the third edition of the Global Container Port Performance Index
Saudi Arabia’s Port of NEOM open for business
RIYADH : The Port of NEOM, described as the primary seaport of entry to the northwest of Saudi Arabia and which now incorporates Duba Port, is up and running. Operations include a CMA CGM
Germany closes deal with COSCO on Hamburg Port Terminal
BERLIN : It became a controversial deal, when Germany has sold 25% of the Hamburg Port to the Chinese shipping company COSCO. Chancellor Olaf Scholz’s three-party coalition government last month said that it was