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Adnoc spends nearly USD 1 bn buying eight tankers to bring more of its export chain in-house
Adnoc L&S already operates a fleet that includes eight VLCCs and seven VLGCs
Egypt's Cabinet confirms a drone caused the Damietta Port fire
The strike directly hit the regasification vessel, while the adjacent storage vessel was disconnected and remains “100% intact”
TODAY: Fertiglobe hedges Hormuz risks + Kuwait restructures its airline to compete without privatizing it
What we’re tracking this morning regionally and around the world
Asyad sells down its LNG newbuilds + Flynas firms up 25 Airbus jets
Stories on our radar this morning from around the region
Noatum CSM appoints Xanthos Kyriacou as CEO
Kyriacou steps into the role after more than two decades at Columbia, most recently serving as regional managing director
TODAY: ALCN reprices Egypt’s main box gateway + Iraq looks for ways to move oil without going through Hormuz
What we’re tracking this morning regionally and around the world
Arkas Line makes first-ever container call at Egypt’s Safaga Port
The move expands Safaga’s capabilities to handle containerized cargo
Houthi attacks are escalating and ins’ers are pulling back — can Egypt’s oil corridor absorb the difference?
The corridor moving Saudi crude around the blockade has a hard ceiling, and the campaign against the Kingdom just escalated
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