Indian Naval ships INS Tir and INS Sujata are gearing up to participate in the second edition of the India Mozambique Tanzania (IMT) Tri Lateral (TRILAT) Exercise, scheduled from March 21 to 29, 2024. The inaugural edition of the IMT TRILAT exercise took place in October 2022, featuring participation from INS Tarkash alongside the Tanzanian and Mozambique Navies. The upcoming exercise will be conducted in two phases. The harbor phase,
Category: Shipping News
LME plans to list Saudi Port as a copper and zinc delivery point
The London Metal Exchange (LME) plans to list Jeddah, a Saudi Arabian Red Sea port city, as a new delivery point for copper and zinc subject to consultation on a technical change to the LME’s warehouse location framework, it said on Tuesday. The warehouses, registered with the LME, the world’s largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such
Indian Navy successfully recovers hijacked Ruen cargo ship from Somali pirates
A spokesperson for the Indian Navy, on Saturday, confirmed that the Maltese cargo-ship Ruen has been recovered, as seen in the news publication, Reuters. The Ruen cargo ship, a bulk carrier built in 2016, which is currently sailing under the flag of Malta was hijacked by Somali pirates on December 14, 2023. The Navy spokesperson said that the pirates who reportedly hijacked the Maltese-flagged bulk cargo tanker on December 14,
AD Ports Group Hosts Iraqi Delegation to Bolster Bilateral Economic Ties
AD Ports Group (ADX: ADPORTS), a prominent global facilitator of logistics, industry, and trade, recently hosted an esteemed Iraqi delegation led by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside influential figures from various sectors. The meeting, held at Abu Dhabi’s Khalifa Port, focused on crucial projects aimed at enhancing international transport, logistics services, economic cooperation, and mutual interests. The bilateral discussions, attended by His Excellency Suhail
UAE Launches Blue Pass Platform to Elevate Maritime Industry
The Ministry of Energy and Infrastructure, in collaboration with NeoNautica, a prominent technology firm in the maritime sector, has unveiled the UAE Blue Pass platform. This strategic alliance aims to drive innovation and advancement in the UAE’s maritime industry. The UAE Blue Pass platform is poised to revolutionize the maritime sector by offering various benefits to maritime enterprises and vessels, fostering industry innovation and efficiency. The partnership was formalized during
Transnet opens up port leasing opportunities
Transnet National Ports Authority (TNPA) has announced the opening up of about 100 leasing opportunities for port land and commercial developments at South Africa’s seven commercial seaports. TNPA said in a statement on Thursday that as part of the “approximately 100 lease opportunities” on offer, seaport facilities would be repurposed for economic activity, while vacant buildings would be made available for office, recreational and industrial purposes, unlocking diverse business opportunities
Red Sea rebels threaten vessel traffic around South Africa
Ocean carriers sailing around South Africa to avoid attacks on vessels in the Red Sea and Gulf of Aden have been added to the crosshairs of Yemen’s Houthi rebels as they threaten to extend their missile reach into the southern Indian Ocean. The new development to the crisis at the Horn of Africa comes after yet another maritime vessel was attacked as it sailed about 122 kilometres past Yemen’s Port
Benguela Business Leaders Urged to Grasp Opportunities in Lobito Corridor and Refinery
Governor Luís Nunes of Benguela province rallied local entrepreneurs to seize the potential presented by the Corridor and Refinery in Lobito. Speaking at the inauguration of Aliança Empresarial’s new headquarters, Nunes emphasized the critical role of unity among business leaders. With Aliança Empresarial expanding its membership by four, including notable organizations like the Angola Industrial Association (AIA) and the League of Businessmen and Executives of Angola – PRESTIGIO, the province
Panama Canal Authority Expands Transit Slots to Meet Demand
The Panama Canal Authority (PCA) has announced an increase in daily transit slots in response to the current and projected water levels of Gatun Lake. In an Advisory to Shipping issued on Monday, PCA revealed the adjustment to accommodate the rising demand for transits. The PCA will be offering two additional slots through auction for transit dates starting March 18, with an extra slot becoming available for transit dates beginning
Coal port development in Mozambique back on track
Thai Moçambique Logistica (TML) is reviving its initiative to construct a coal port in Macuse, Mozambique, near the Zambezi River mouth. Despite the waning interest in Mozambique’s coal industry, TML is committed to proceeding with its long-term investment, having secured US$500 million for the project. Construction is slated to begin in mid-2024 on a 5.3 square kilometer parcel of land designated for the port, as reported by Bulk Materials International.