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July 23, 2024
Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…
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July 23, 2024
The Suez Canal’s annual revenue fell by almost a quarter during its most recent financial year, as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head…
Posted to Maritime Reporter
on
July 23, 2024
Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.
Posted to Maritime Reporter
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July 15, 2024
Ship tracking data revealed on Monday that a Chevron chartered oil tanker, seized by Iran over a year earlier, has anchored near the United Arab Emirates Port of Khor Fakkan. In April 2023, the Iranian military boarded the Marshall Islands-flagged…
Posted to Maritime Reporter
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July 3, 2024
Three navy and security sources confirmed that an abandoned tanker drifting near Yemen's coastline in June disappeared and was believed to have sunk. This is the latest vessel lost on the strategically significant Red Sea. This area is on the…
