The container crane market is shifting due to strategic national concerns, with Korea boosting domestic manufacturing and the US imposing tariffs on Chinese cranes.

India signed a 10-year contract with Iran to develop Chabahar Port, investing US$370m to enhance trade routes to Iran, Afghanistan, and Central Asia, bypassing Pakistan.

Iran released the crew of a seized ship linked to Israel, MSC Aries, however, the vessel remains under judicial detention, amid tensions in the region.

Iran’s Foreign Minister announced plans to release the crew of the MSC Aries, following its seizure in the Strait of Hormuz on April 13.

MSC Aries, owned by a company run by Israeli billionaire Eyal Ofer, has been seized by the Islamic Revolutionary Guard Corps.

Mawani (Saudi Ports Authority) and Saudi Global Ports (SGP), which is a joint venture between the Saudi Public Investment Fund (PIF), Singapore’s PSA International, and the Al Balagaa Group, are to invest US$266M in a new logistics park at King Abdulaziz Port in Dammam.

The container crane market is shifting due to strategic national concerns, with Korea boosting domestic manufacturing and the US imposing tariffs on Chinese cranes.

India signed a 10-year contract with Iran to develop Chabahar Port, investing US$370m to enhance trade routes to Iran, Afghanistan, and Central Asia, bypassing Pakistan.

Iran released the crew of a seized ship linked to Israel, MSC Aries, however, the vessel remains under judicial detention, amid tensions in the region.

Iran’s Foreign Minister announced plans to release the crew of the MSC Aries, following its seizure in the Strait of Hormuz on April 13.

MSC Aries, owned by a company run by Israeli billionaire Eyal Ofer, has been seized by the Islamic Revolutionary Guard Corps.

Mawani (Saudi Ports Authority) and Saudi Global Ports (SGP), which is a joint venture between the Saudi Public Investment Fund (PIF), Singapore’s PSA International, and the Al Balagaa Group, are to invest US$266M in a new logistics park at King Abdulaziz Port in Dammam.