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Drone strike halts operations temporarily at Adnoc’s Al Ruwais refinery
The refinery is the UAE’s largest, with a processing capacity of over 900k bbl / d of oil
New GCC CEO for DP World + Noatum has a new VP for Global Ocean Freight
Plus: Noatum Logistics appointed Joachim Schaut as senior vice president for Global Ocean Freight
Aramco earnings take a hit from softer prices and rising costs
A mixed bag of earnings for the Saudi giant
2026 MARCH 9-13 March (Monday-Friday): World Cargo Alliance Worldwide Conference, Singapore. 10-12 March (Tuesday-Thursday): World Cargo Symposium, Lima, Peru. 18-19 March (Wednesday-Thursday): IntraLogisteX, Birmingham, United Kingdom. 18-19 March (Wednesday-Thursday): Green Marine Transport Conference, Amsterdam, The Netherlands. 26 March (Thursday): Gulf Ship Finance Forum, Dubai, UAE. APRIL 12-15 April (Sunday-Wednesday): Saudi Smart Logistics, Riyadh, Saudi Arabia. […]
TODAY: Rising freight costs reshape Egypt’s export flows. Plus: Hormuz standoff drives Red Sea gains
What we’re tracking this morning regionally and around the world
The war creates an unexpected boom in Egypt’s exports to Europe, Africa
The USD 9 bn Gulf market is effectively shut, but new markets are requesting more Egyptian goods
Hormuz standoff persists, while Red Sea earnings spike
The earnings gap between idling and active vessels has widened significantly as Red Sea freight rates decouple from voyage distance