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Dubai launches AED 112 mn Dubai Creek pier renovation project
The two-phase project aims to reduce disruptions to commercial traffic by upgrading retaining walls
Red Sea attacks lead to dangerous environmental damage + CMA CGM reports first quarterly loss in four years
IMO warns carriers to be on the lookout for piracy
Russia’s crude oil delivery woes with India continue + The world's first chemical tanker ship with sails has departed from Antwerp
Tankers carrying India-bound Russian crude still idling off Asia:Twelve tankers carrying around 15 mn barrels of Russian Sokol crude set…
TODAY: A new Riyadh logistics park + Mubadala eyes stakes in London Heathrow
What we’re tracking this morning regionally and around the world
AD Ports reports a 112% y-o-y increase in net income to AED 11.7 bn in 2023
The year saw the group acquire Spain-based logistics outfit Noatum, boosting their six months earnings
Adnoc L&S saw its net income more than double in 2023 to USD 620 mn
The company had raised USD 769 mn in a historic IPO mid-2023.
European retailers urge EU states to do more to counter disruptions + seafarers can now opt out of Red Sea transits
Egypt has lost some USD 508 mn in Suez Canal revenues due to ongoing Red Sea disruptions
Mawani and RSGT conclude expansions and upgrades at Jeddah Islamic Port
The terminal saw investments worth some SAR 1 bn.
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