Logistics Suez Canal considers transit fees discount to revive traffic Egypt’s Suez Canal Authority chief, Osama Rabie, said the authority is considering offering discounts ranging from 12 to 15 percent on transit fees to help restore traffic in the strategic waterway reeling from attacks by Yemen’s Houthis on Red Sea shipping. Rabie told privately owned Sada Al-Balad television channel in a phone interview that the […] May 13, 2025
Trade Oman invests $200m in port to bolster re-export business Oman is expanding one of its smallest ports located in the northern town of Shinas, in an attempt to bolster the sultanate’s re-export business and container connectivity. The project, which is expected to start in the third quarter of this year, will increase its area by 40 percent to 1.8 million square metres, according to […] May 12, 2025
Logistics Lower shipping rates hit Adnoc L&S earnings Adnoc Logistics and Services (Adnoc L&S) said earnings were reduced due to lower commercial shipping rates, despite revenues rising by nearly half in the first quarter of 2025. Net profit fell 5 percent year on year to $185 million (AED678 million) for the three months ending March 31, 2025, the company said in a statement […] May 12, 2025
Logistics AD Ports reports revenue gains from Red Sea crisis Abu Dhabi-listed AD Ports Group said first-quarter 2025 revenue jumped as Red Sea disruptions positively impacted its container shipping business. The top line was up 18 percent year on year to AED4.6 billion ($1.3 billion), supported by revenues from ports, economic cities and free zones, as well as maritime and shipping clusters, the company said […] May 9, 2025
Logistics Maersk expects Red Sea disruption throughout 2025 Danish shipping major Maersk expects the disruption in the Red Sea to continue throughout the rest of 2025. This week President Donald Trump said that the US will halt bombing the Houthis in Yemen after it agreed to stop attacking shipping lanes in the Middle East. Under the agreement, neither the US nor the Houthis […] May 9, 2025
Opinion Logistics Truce in Yemen offers reprieve but exposes shipping volatility It remains unclear whether shipping lines will deem the situation stable enough to resume May 9, 2025
