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Continued Red Sea disruptions put company earnings at risk as diversions tack on increased costs
Rising tensions are also threatening to halt the US-led India-Middle East-Europe Economic Corridor
HummingbirdEV to set up a microfactory for commercial vehicles in the UAE
TRANSPORT- HummingbirdEV to set up shop in the UAE: California-based green transport company HummingbirdEV is partnering with IBMC Group to…
More shipping line suspensions in the Red Sea as alternative trade routes pick up
Hapag Lloyd will introduce a land corridor through Saudi Arabia, while Maersk has made adjustments to several of its services…
Fire erupts at Russian LNG terminal + Peru’s Chinese-owned mega port starts operations later this year
A fire erupted at Novatek’s LNG processing Ust-Luga complex near St. Petersburg following a suspected Ukrainian drone attack yesterday, Reuters…
Bahri charters two methanol-powered vessels + Egypt’s TijaraHub launches B2B e-commerce platform
SHIPPING + MARITIME- Bahri to charter methanol-powered vessels from Proman:National Saudi shipping firm Bahri subsidiary Bahri Chemicals and methanol producer…
Reroutes continue and air freight demand surges amid continued Red Sea disruptions
Grain carriers are rerouting away from the Suez Canal as US-led coalition strikes continue
Japanese shipping giants + Shell join list of those suspending operations in the Red Sea
Iran denies claims it is supporting Houthi attacks against shipping
Qatar resumes LNG tanker shipments through the Red Sea, Houthis expand target list and launch new attacks
“Knock on” effects from Red Sea disruptions could drag into 2Q 2024
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