Peru-UAE exports grow 10,000 percent, spurring major logistics investment
The Emirates imports vast quantities of goods from the South American country, including avocados, quinoa, and asparagus, gold, high-quality craft products and clothing. These imports have grown 10,000% in seven years.
UASC sues Miami-based marine fuels provider WFS over ‘off-spec’ fuel
The Middle East shipping giant is seeking relief from damages incurred through the bunkering of the off-spec fuel oil.
Bahri resumes Bab El-Mandab Strait oil shipments, 7 tankers go dark
It’s unclear what additional security measures have been put in place to satisfy Bahri of the security of its vessels.
Fire tears through ship in Abu Dhabi shipyard, investigation underway
The cause of the fire is still unclear, but no one is believed to have been injured by the incident.
Bahri VLCCs gathering off Oman amid Bab el-Mandeb ban
At least six Bahri-owned very large crude carriers (VLCCs) have anchored off Salalah as the Bab el-Mandeb strait ban continues.
Saudi’s Bahri reports 20% net profit growth following fleet expansion
Bahri said new vessels commissioned into Bahri’s fleet over the last six months helped it offset any negative impact of lower transportation rates during the quarter.
Bahri confirms VLCC ‘incident’ in Red Sea after militant attack reports
The statement came after the Saudi-led military coalition reported that Yemen’s Houthi movement attacked a Saudi oil tanker in the Red Sea.
DP World invests in Mali inland port and railways
The multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and Container Freight Stations (CFS) that will facilitate the import and export of goods.
DP World braces for tough second quarter results after strong start in H1 of 2018
At a consolidated level, DP World’s terminals handled 18.6 million TEU in H1, a 4 percent increase on a reported basis and a 4.5 percent year-on-year increase on a like-for-like basis.
GT USA welcomes Mercer Timber Products at Canaveral Cargo Terminal
The consignment from the premier producer of commodity pulp and lumber included 6,000 cubic meters or 1,300 bundles of softwood lumber.
UAE's Gulftainer gets green light to operate Port of Wilmington
US Federal Government completes review of the agreement that grants Gulftainer subsidiary the rights to operate and develop the Port of Wilmington
Dubai ranked in top five in International Shipping Centre Development Index
Dubai made the top 5 spot in the index for the first time, behind Singapore at number one and Hong Kong and London in second and third place.

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