GENEVA : Shipping has reached a decisive moment in the green transition process with the UN trade body UNCTAD calling on the industry to establish a global regulatory framework, adopt a market-based measure (MBM)
GENEVA : Global trade was worth a record US$32 trillion in 2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last half of the year and is set to
RIYADH : The Saudi Ports Authority (Mawani) has revealed the addition of Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carrier Hapag-Lloyd. The newest cargo service will contribute
RIYADH : The Kingdom of Saudi Arabia has registered a significant improvement in the UNCTAD’s Liner Shipping Connectivity Index (LSCI) for Q4 2022, scoring 71.33 points in comparison to 69.45 points in the last
Maritime trade is predicted to increase by 4.3% in 2021 and the medium-term outlook is positive, according to the latest annual UNCTAD Review of Maritime Transport. However, the compound annual growth in maritime trade