Middle East

Middle East

18 Dec 2014
DP World’s shareholders today backed the Dubai-based global terminal operator’s plan to delist its shares on the London stock exchange on the basis that they are too thinly traded there.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
Acura
03 Dec 2014
American Honda Motor has selected Florida’s port of Jacksonville to export new Acura MDX and TLX models to the Middle East, further solidifying the U.S. Southeast’s status as a growing region for auto production and trade.
02 Dec 2014
Japan and Turkey have kicked off negotiations on a bilateral free trade agreement, as Tokyo sees the newly industrialized country as a potentially lucrative market and strategic gateway to other markets in Europe, the Middle East and elsewhere.
28 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
25 Nov 2014
APM Terminals is eyeing expansion in Turkey to take advantage of container volume growth at the nation's Mediterranean and Black Sea ports.
Ocean carrier rate revision roundup for Nov. 21
21 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
19 Nov 2014
CMA CGM will use at least some of its new reefer fleet to serve growing produce trade between countries bordering both the Black Sea and the Mediterranean.
Ocean carrier rate revision roundup for Nov. 14
14 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
13 Nov 2014
DP World has agreed to buy Economic Zone World [EZW], a company that operates a logistics and industrial complex next to the global terminal operator’s flagship Jebel Ali port, for $2.6 billion.
APMT Elizabeth
10 Nov 2014
Port congestion problems at some of North America’s largest gateways had a noticeable impact on vessel productivity in the first six months of 2014, according to JOC Group Port Productivity data.