News
Saudi Arabia’s Port of NEOM open for business
The Port of NEOM, described as the primary seaport of entry to the northwest of Saudi Arabia and which now incorporates Duba Port, is up and running. The development of the Port of NEOM, located in Tabuk Province, Saudi Arabia, is progressing with over SAR7.5 billion ($2.025 billion) invested so far. The port is set […]
AD Ports Group inks MoU to develop Karachi Port
Abu Dhabi’s AD Ports Group has reached an agreement with Pakistan to develop and enhance port projects in the country, after a senior UAE delegation visited Karachi. The AD Ports Group and the Karachi Port Trust (KPT) have signed a Memorandum of Understanding (MoU) with the aim of fostering economic growth in Pakistan. The collaboration […]
🚢 Express World Shipping Announcement: New Dedicated Route from Jebel Ali Port to Bandar Abbas Port with MV Kayan Zanzibar 🚢
Attention all importers and exporters! Express World Shipping is excited to announce the addition of a new dedicated route Jebel Ali Port to Bandar Abbas Port, operated by our state-of-the-art vessel, MV Kayan Zanzibar. This expansion is part of our ongoing commitment to providing efficient and reliable shipping services to our valued customers. Key Features of […]
RUSSIA SHIFTS TO DUBAI BENCHMARK IN INDIAN OIL DEAL – SOURCES
Russia’s largest oil producer Rosneft ROSN.MM and India’s top refiner Indian Oil Corp IOC.NS agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India, three sources familiar with the deal said. The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part […]
Russia and Venezuela Plan to Set Up Joint Shipping Line
Officials in Russia and Venezuela are making plans to launch a joint shipping company in order to boost trade between the two heavily-sanctioned nations. The route could serve the Russian-occupied port of Sevastopol, providing a conduit for trade in food and industrial goods. “The Venezuelan side is interested in expanding the volume of mutual trade,” […]
Blockchain Technology and International Trade
Blockchain is a digital ledger technology that allows secure and transparent record-keeping of transactions in a decentralized and distributed network. In a blockchain, transactions are verified and recorded in blocks, which are linked together in a chronological chain using cryptographic algorithms. Each block contains a unique digital signature, or hash, which makes it impossible to […]