• Strategic Marine and Abu Dhabi Ship Building sign...

    Strategic Marine, the specialist shipbuilding, fabrication and engineering company, has teamed up with Abu Dhabi Ship Building PJSC (ADSB), a renowned provider of construction, repair and refit services for naval, military and commercial vessels, to develop the Middle East’s growing market of aluminium vessels.


    Abu Dhabi Ports and Khalidia International Shipping are working together to set up a third-party logistics (3PL) warehouse with a total investment of AED 80 million in Khalifa Industrial Zone’s (KIZAD) trade and logistics cluster.

  • Global logistics market to reach $15 trillion by...

    The global logistics market is expected to reach $15.5 trillion in revenue by 2024, while investments in industrial and retail projects lead to a spur in the domestic logistics industry, according to a recent report by Al Masah Capital, a leader in investments and market analysis.

  • GasLog Partners Sees Slight Rise in Profit

    Owner and operator of LNG carriers GasLog Partners LP has reported a slight increase in its fourth quarter profit to USD 25.4 million from USD 23.1 million seen in the same quarter in 2015, representing a rise of 10 percent.

  • Busy Year for Damietta Port

    Egypt’s Damietta Port revealed that its ship and cargo traffic saw a significant increase in 2016, compared to the previous year.

  • PIL Inks MOU with Guangzhou Nansha Development...

    Singapore-incorporated shipping company Pacific International Lines (PIL) has signed a memorandum of understanding (MOU) with China Guangzhou Nansha Development Zone to explore business opportunities and the development of a shipping/logistics base in the Nansha New Area.  

  • Poten & Partners: Large Tanker Orderbook Not...

    Based on the delivery schedule of the current orderbook, deliveries of new tankers in 2017 will reach the highest level since 2009, however, Poten & Partners argues that the orderbook may not be as scary as it looks.

  • Abu Dhabi Ship Building launches new dry dock

    Abu Dhabi Ship Building (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, has announced the official inauguration of its floating dry dock located  in Zayed Port.


Shipping Hitting Road to Recovery

Global shipping has had another fillip with the Baltic Dry Index (BDI) hitting 1112 after severe lows in recent months, signalling a burgeoning return to health for the sector.


Bremer Landesbank loses $1.5 bln on shipping loans

Bremer Landesbank has estimated its pretax loss for last year at 1.4 billion euros ($1.5 billion) due to soured shipping loans, further deepening the troubles which low charter rates cause for parts of the German banking industry.