The logistics giant has also moved all of its Cairo operations to the new national air freight hub.
Panalpina Egypt has moved its country head office to the newly developed Cairo Cargo City at Cairo International airport.
The United Arab Shipping Company (UASC) suffered an operating loss of US $299-million and a net loss of US $384-million in 2015 off of a revenue of US $3.32-billion.
Abu Dhabi Ports and Abu Dhabi Ship Building (ADSB) have signed a contract for the construction of a fully-operational ship repair facility with a floating dock capability within Zayed Port.
UAE shipyard Damen Shipyards Sharjah (DSS) has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services.
A new Saudi shipping fund intends to capitalise on the unique opportunities presented by changes in the maritime oil logistics market in the Middle East.
Challenging offshore conditions and a downturn in the shipping sector hit the Milaha group hard in the first six months of the year.
Nakilat-Keppel Offshore Marine (N-KOM) and Greek tanker company Samos Steamship signs fleet repair and refit agreement.
The United Arab Shipping Company (UASC) has launched two new Indian Subcontinent – Europe services, known as IEC1 and IEC2.
Bahri said in a statement the growth in second quarter earnings is a result of its expanded VLCC fleet, higher spot rates and a recovery in the general cargo sector.
UASC and CMA CGM, part of an alliance with Hamburg Sud, have announced that they are withdrawing further tonnage from the transpacific market due to weak demand.
Officials say developing links between Turkish ports and Aqaba are a priority.
Hapag-Lloyd stocks have taken a hit since the confirmation of its intention to merger with Middle East shipping giant UASC.
The National Shipping Company of Saudi Arabia (Bahri) will increase its tanker fleet to around 46 ships by the end of 2018.
Al Sharqi Shipping has been awarded for the third time in row by CMA CGM as their top customer for 2015.
Combined company will open new Dubai office and rank among the world´s five largest liner shipping companies.
The newly developed Hamad Port has reduced the waiting time for ships at Doha Port, unburdening the customs clearance system, according to reports by the Peninsula.