ADMC orders 53 ‘Rhaegal-A’ VTOL cargo drones 
The Arabian Development and Marketing Corporation (ADMC) and the Sabrewing Aircraft Company have stated that ADMC has ordered 53 of the record-breaking heavylift uncrewed aerial cargo vehicles.This event comes on the heels of Sabrewing’s ‘Rhaegal-A Alpha’ aircraft’s world-record... more
An MOU for a Shanghai FTZ
Port and terminal operator DP World has inked a memorandum of understanding (MOU) for an engagement in the Lin-Gang Special Area, a free-trade zone (FTZ) in Shanghai. The MOU was signed in a virtual ceremony with the Shanghai Lin-Gang Economic Development Group. DP World will... more
Large investment by ADP
Abu Dhabi Ports (ADP), which operates ten hubs and terminals in the United Arab Emirates, has agreed to buy a controlling stake in Dubai-based Global Feeder Shipping (GFS), investing approximately USD 800 million to this end. This comes hot on the heels of ADP investing around... more
Volumes at DPW still growing
It’s a rare occurrence nowadays. Dubai’s port and free zone operator DP World kept the pace in 9M/2022 and recorded a 2% gain in container volumes across its network worldwide. Handled volumes amounted to 59.6 million teu. Q3/2022 still contributed 20.1 million teu to this... more
Vessels Value's outlook on newbuilds
Rebecca Galanopoulos Jones, senior content analyst at Vessels Value, has underpinned current developments on the maritime container market with the latest data. While volumes on the main trade lanes are slowing despite congestion, container traffic continues to decline gradually... more
Iumi council announces changes at the helm
The International Union of Marine Insurance (Iumi) council has appointed a new president, a vice president, a new executive committee and nominating committee members for 2022/23. Frédéric Denèfle, managing director of French marine war risks specialist Garex, has been... more
Capacity outstrips demand
The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the rising gap between global capacities on the seas and global demand. The latest demand data from Container Trade Statistics (CTS) shows that in August 2022, the annualised growth over 2019 was... more
Another player switches to TIR in GCC region
Fedex Express, has completed its first TIR operation in the GCC region. The general cargo consignment, originating in Dubai, UAE, has reached its final destination, the King Fahad International Airport in Dammam, Saudi Arabia. The TIR truck seamlessly crossed the Batha border in... more
Saudi Ports on the growth path
The Saudi Ports Authority Mawani has reported that the country's gateways moved more than 650,000 teu in September, a rise of 9.2% compared to September 2021, when 602,000 teu were handled. Exported containers surged to 267,000 teu, an increase of 12.5% compared to the same... more
To track solutions from Hoopo
The Haifa-based carrier Zim has invested USD 5.5 million in a container-tracking firm. Hoopo Systems is a provider of tracking solutions for unpowered assets like dry shipping containers. The investment is intended to help Hoopo develop technology for the maritime industry,... more