Industry insiders said the Red Sea supply disruption has put the entire financing cycle in jeopardy, impacting credit flows to companies and traders, with SMEs facing the maximum brunt
maritime security
Latest in maritime security
France
UAE, India, France navies collaborate in major Oman wargame
The exercise involved the Indian Navy frigate INS Tarkash, the French Navy ship Surcouf along with Rafale fighter jets, and UAE Navy maritime patrol aircraft
Dubai
Dubai’s Sheikh Mohammed orders rename of Maritime City
A new law has been issued renaming Dubai Maritime City Authority
container terminal
Saudi Ports Authority adds Sea Lead to its new freight service ‘FAM’ at King Abdulaziz Port
The announcement coincided with the launch of the added EJBS service from the Emirates Shipping line, connecting Shuwaikh Port in Kuwait, Port of Jebel Ali in the UAE and Khalifa bin Salman Port in Bahrain to the Dammam port
container terminal
Saudi import of empty containers jumps by 331 percent during Jan-May 2022
The surge in import volumes was a direct result of Mawani’s recent initiative to slash the handling charges of empty containers by half for one year
Ben Wallace
UK reinforces naval forces in Gulf with additional ship
HMS Defender has been re-routed from a previous mission in the Pacific
British commercial vessels
Gibraltar court to decide fate of seized Iranian tanker
The Grace 1 supertanker, carrying 2.1 million barrels of Iranian oil, was seized on July 4 by Gibraltar police and British special forces off the overseas British territory
commercial vessels
Pompeo talks maritime security, Iran with Saudi crown prince
Iran has seized three tanker ships in strategic Gulf waters in a month, and the United States has accused it of carrying out multiple attacks on ships in the region
Hassan Rouhani
Saudi and US combine to tackle threats to Gulf maritime safety
China may escort its commercial vehicles in Gulf waters under US proposals for a maritime coalition
commercial vessels
Royal Air Force of Oman rescues expat after fall from ship off Muscat
Royal Air Force of Oman carried out evacuation on Monday night
commercial vessels
Iran seizes third foreign ship in less than a month
Vessel is suspected of smuggling large volume of fuel, ISNA reports
British commercial vessels
Crews of some ships can refuse to sail through Hormuz: Union
In recent months, the Gulf region has been marred by a spate of vessel attacks
Bahrain
Bahrain hosts maritime security summit amid Iran tensions
Gulf kingdom, which hosts the US Fifth Fleet, says meeting plans to discuss the ‘current regional situation and to strengthen cooperation’
British commercial vessels
Stena concerned about welfare of crew on tanker detained by Iran
Iran’s Revolutionary Guard is still holding the vessel, the Stena Impero, and 23 crew members detained on July 19
British commercial vessels
Oman in talks with ‘all parties’ to restore Hormuz stability
The UK has deployed one of its Type 45 warships to help escort commercial ships through the Strait of Hormuz
Bandar Abbas
Swedish owner of tanker seized by Iran says crew ‘safe’
The Swedish company that owns the UK-flagged oil tanker seized by Iran said Wednesday it had finally been able to contact its crew being held on board and they declared themselves “safe”.
Stena Bulk said in a statement that the ship’s captain “advised that everyone was safe with good cooperation with the Iranian personnel onboard”.
Stena Impero […]
Al Mutawasit Marine Services
Family appeal after Indian sailor goes missing from Dubai ship in Iran
Aayush Chaudhary went missing on July 15 after falling from the vessel during high tides