Shipping & Logistics
November 2008

Access to credit is the lifeblood of maritime trade and the credit crunch has largely cut off that supply, threatening to weed out weaker shippers and shipyards, as well as hamper global trade.






November 2008

The Middle East maritime sector is waking up to the need for greater fuel efficiency, which could lead to potentially huge reductions in shipping’s carbon footprint, according to industry experts.






November 2008

Kuwait’s Agility, the Gulf’s biggest logistics provider, has said it had signed a deal to buy Chinese logistics firm Baisui United Logistics for $50.5 million. Agility said in a statement on the Kuwaiti bourse website that the Shanghai-based firm offered logistics services for the chemicals, automotive and consumer goods industries.






November 2008

Maritime consultancy firm Drewry has suggested that a significant shortage of global container terminal capacity relative to demand still remained.






November 2008

Emirates SkyCargo, the cargo division of the Dubai-based airline Emirates, has been voted Best Airline 2008 by 240 German air cargo forwarders at the air cargo awards of Germany’s leading air cargo publication Logistik Inside and Garbe World Cargo Centre.






November 2008

United Arab Shipping Company (UASC) took delivery of its seventh A7 ship at a ceremony in Kuwait.






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