20th June

Juggling Act

In an over-supplied market, carriers have proved to be fairly adept in manoeuvring capacity around, reports Drewry, creating fertile conditions for rate increases

It is commonly accepted that the container shipping market is over-supplied with too many ships, yet somehow freight rates are soaring – Drewry's Global Freight Rate Index stands 37% higher after five months of 2017 than it did in the same period last year. How are carriers achieving this seemingly impossible feat? Read More:

Arab News
6th June

Saudi Arabia is an emerging logistics hub

JEDDAH: With the global logistics market growing rapidly and is expected to generate $15.5 trillion in revenues by 2024, the Middle East and North Africa (MENA) region is fast emerging as the hub of logistics industry, said a report issued by Al-Masah Capital.

In the region, Saudi Arabia and the United Arab Emirates (UAE) are the most attractive targets for logistics investments and easiest markets to operate in. Read More:

Fast n Accurate
16th April

World's Largest shipyard to be in Saudi Arabia

Developers of a new shipyard in Saudi Arabia say the facility will be the largest maritime yard in the world providing a range of services, including large shipbuilding, large ship repair, offshore rigs fabrication and offshore support vessel repair.The new facility, a joint venture between state oil giant Saudi Aramco Read More

Arabian Business
4th April

Hyperloop One says to target $12bn cargo business in Gulf

US-based Hyperloop One has announced that it will target about $12 billion of cargo transportation business in the Gulf region once it is operational.Hyperloop - the futuristic mode of transport - involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods shuttle people and cargo at speeds of up to 500 miles per hour. Read More