The container shipping trade saw the strongest but still contracting growth in the Middle East and the Indian subcontinent at 5.1%, according to report.
Integrated maritime solutions leader, Bernhard Schulte Shipmanagement (BSM), has taken the first ice class container feeder vessel, Eilbek, into management.
German ocean carrier, Hapag-Lloyd, has reached an agreement with Bahrain-based United Arab Shipping Company to shift the long-stop date until May 31.
Maersk Line signed an agreement with IBM to use blockchain solution to digitise the complex paper trail associated with the tens of millions of containers.
Industry experts explain that the global shipping sector is in for a tough year in 2017 owing to the falling oil prices and the oversupply of vessels.
Oman Shipping Company (OSC), wholly owned by the Sultanate of Oman, successfully raised $227mn to finance its purchase of 10 new medium range tankers.
National Shipping Company of Saudi Arabia (Bahri) is supposed to receive a large crude carrier (VLCC) from Hyundai Samho Heavy Industries (HSHI).
Global law firm, Clyde & Co, has expanded its shipping practice with the appointment of Ian Chung as a new partner in its Dubai office.
Abu Dhabi Ports and Khalidia International Shipping are currently in talks to set up a third-party logistics warehouse, worth AED80mn in KIZAD.
Taking place in Dubai between 31 October and 2 November, Seatrade Maritime Middle East is expected to attract almost 8,000 attendees across 69 business sectors in 2016
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