KEZAD Group unveils KEZAD Business District
Khalifa Economic Zones Abu Dhabi (KEZAD) has announced the launch of the KEZAD Business District, a landmark mixed-use commercial development located within the KEZAD Al Ma’mourah master plan, spanning 410 square kilometres. Strategically positioned at the gateway of the E11 highway between Abu Dhabi and the Northern Emirates, the new district is envisioned as a […]
New US logistics firm launches operations
A new veteran-led logistics company, Gulf of America Logistics (GOAL), has commenced operations to meet surging demand for project cargo services across the US Gulf Coast. Headquartered in Bossier City, Louisiana, US, GOAL enters the market at a pivotal time, as investment accelerates in energy, infrastructure, and industrial megaprojects across the region. Founded by Brent […]
How MSC can leverage Black Sea’s strategic reawakening
Amid increased volatility in the Black Sea, Mangalia shipyard is drawing interest from giants like MSC and Turkish shipbuilder Desan. The timing is no coincidence as global shipping firms are actively seeking footholds in high-potential but underleveraged geographies, especially amid rising congestion, chokepoint instability, and fleet renewal needs. The Black Sea forces the European Union […]
Container rates surging as shippers rush ahead of deadlines
Transpacific container rates to the West Coast doubled last week on June 1st GRIs to US$5,488/FEU, with the latest daily rates above US$6,000/FEU as shippers start peak season early and frontload goods ahead of tariff pause expirations in July and August. Prices to the East Coast climbed 60% to US$ 6,410/FEU with the latest daily […]
CMA CGM applies peak season surcharges from China to Madagascar and Mozambique
CMA CGM has announced the implementation of peak season surcharges on shipments from China to Madagascar and Mozambique. The first one (China to Madagascar) will be effective from June 16, with US$750 per TEU for all types of cargo. The second one (China to Mozambique) will take effect on June 14, with US$700 per TEU […]
Toro circles back to tankers with $36m MR deal
Nasdaq-listed owner Toro Corp has made a swift return to the tankers segment with the acquisition of a modern MR unit. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime has struck a deal for an unnamed 2021-built products carrier costing $36.25m. The company said it would fund the acquisition with cash on hand and that […]
Toll Group buys Australian bulk cargo logistics specialist
Toll Group has announced the successful completion of its acquisition of Transolve Global (Transolve), an Australian-based specialist in international freight forwarding of wine, bulk liquids, and perishables. This acquisition strengthens Toll Group’s ability to deliver logistics solutions to its expanded customer base, leveraging Transolve’s expertise in handling specialised commodities such as wines, bulk liquids, and […]
Neutrality or strategic leverage for Panama Canal?
As global maritime trade braces for intensifying geopolitical competition, the future of the Panama Canal’s neutrality has emerged as a critical question. The recent announcement that two ports near the Canal may be sold to a consortium led by MSC has sparked concerns at the highest levels in Panama. The Panama Canal Authority Administrator Ricaurte […]
US and China reach tentative framework deal to revive trade truce
US and Chinese officials have reached a tentative framework agreement to revive stalled trade negotiations, aiming to reinstate the Geneva consensus and lift some mutual export restrictions, including China’s curbs on rare earth mineral exports. However, the deal offers limited signs of a lasting resolution to the broader and long-standing trade tensions between the two […]