Shipping

Bahri reports 46% jump in first-quarter 2019 net profit
Total revenue for the quarter under review stood at SAR 1.7 billion, as compared to SAR 1.45 billion in the year-ago period.
MOST and Absortech team up to prevent moisture damage to cargoes
MOST and Absortech Group close exclusive partnership to detect and prevent moisture damages in shipping
Emirates Global Aluminium extends Maersk Line shipping contract
EGA exports its metal to customers in more than 60 countries worldwide and makes more than 11,000 shipments each year using over 100,000 containers
DP World delays Terminal 4 launch plans amid softening market
Terminal 4, a fully automated container terminal at the port operator’s flagship Jebel Ali Port, will instead be used for spill-over cargo as DP World undertakes a redevelopment of Terminal 1.
ADNOC Logistics plans to add 25 new tankers to fleet by 2025
By boosting its merchant fleet, parent company ADNOC will be able to sell more of its commodities on a ‘delivered basis’, increase its global reach, unlock new market opportunities and extend the value of its supply chain.
Hapag-Lloyd begins retrofitting UASC fleet to run on LNG fuel
The Sajir, built in 2014, is one of 17 in Hapag-Lloyd’s fleet originally designed to be LNG-ready.
UAE says Qatar blockade still stands and will issue a clarification shortly
The statement came after an Abu Dhabi Ports circular became public, in which shippers were told that Qatari cargoes were no longer subject to sanctions.
DP World increases take in DP World Australia
Following the closure of the transaction, DP World Australia will become a consolidated entity within the DP World Group and is expected to be earnings neutral in the first full year of ownership.
OOCL’s third phase of Ocean Alliance refinements has permanent Jebel Ali calls
Changes have been made across 30 separate shipping routes operated by the Ocean Alliance
MSC confirms crew members kidnapped in pirate attack
The 2,700 TEU ship was under way in the Gulf of Guinea on Wednesday when the attack occurred.
New technology and sustainability focus drove strategic expansion for DP World in 2018
The headline projects were the launch of DP World Cargospeed with Virgin Hyperloop One and the game-changing high bay storage system for containers at Jebel Ali.
King Abdullah Port looking to collaborate rather than compete says CEO
The GCC region has the potential to become a global trade hub, and to do this port operators and other stakeholders in logistics need to collaborate says Rayan Mustafa Qutub, CEO, King Abdullah Port.

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