Industry
Hormuz Cargo Volumes Down More Than 90% After Six Months of Conflict
Cargo volumes through the Strait of Hormuz have fallen by more than 90% after six months of Middle East conflict, with 88 vessel attacks recorded since March and UAE box throughput down 65% year on year.
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Industry
AD Ports tightens grip on Global Feeder Shipping
AD Ports Group has raised its holding in Dubai-based Global Feeder Shipping to 81% after a $300m stake purchase, deepening its push into global feeder container shipping.
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Industry
Safeen Subsea lands offshore installation contract
AD Ports Group's Safeen Subsea has won a contract to install sleepers, riser clamps and risers for an undisclosed but 'major' offshore project in the region.
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