Gulf Bourses Drop As Iran-US Diplomacy Comes to a Halt
Most Gulf equities closed down on Wednesday, after Iran said there would be no talks with the US to end their conflict unless its demands are met.Foreign Minister Abbas Araqchi in an article published in the Financial Times on Wednesday said Iran is open to diplomacy but will defend itself.Iran told Pakistan's army chief, Field Marshal Asim Munir, who was in Tehran as part of the mediation efforts, of the country's position, Iranian semi-official Nournews reported on Tuesday.Pakistan, a key US-Iran mediator, helped secure the interim Islamabad Memorandum in June.
Gulf Markets Lower as Houthis Continue Threats on Saudi Arabia
Gulf markets ended lower on Thursday as the Houthis threatened more attacks on Saudi Arabia, putting the country's benchmark index on track for a sixth weekly loss.The Saudi index dropped 0.3%, pulled down by a 3.1% slide in ACWA Power Company and 0.4% fall in oil behemoth Saudi Aramco.On Wednesday, Yemen's Houthis pledged to keep attacking airports and oil facilities in the kingdom. The threat came a day after a Houthi strike caused extensive damage to Aramco's headquarters in Dhahran…
Xeneta Shares Weekly Ocean Container Shipping Market Update
The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst.Data highlightsMarket average spot rates – 17 September 2026:Far East to US West Coast: USD 7,960 per FEU (40ft container)Far East to US East Coast: USD 11,259 per FEUFar East to North Europe: USD 4,103 per FEUFar East to Mediterranean: USD 4,434 per FEUNorth Europe to US East Coast: USD 2…
Fleetwork: Posidonia 2026 Signals Turning Point for Al, Cloud Adoption in Shipping
Artificial intelligence and cloud-native technologies have moved from innovation projects to operational priorities for shipping companies, according to Fleetwork, following its participation in Posidonia 2026.The Greek maritime technology company, developer of the first fully cloud-based maritime ERP platform built in Greece, reported strong interest from shipowners and operators seeking to modernize fleet management, streamline workflows and unlock greater value from operational data through Al-powered and cloud-native solutions.
Singapore Maritime Foundation Launches 2026 MaritimeONE Case Summit Challenges
Now in its 7th edition, the 2026 MaritimeONE Case Summit was launched by the Singapore Maritime Foundation (SMF) in partnership with industry sponsors AET, MSC Mediterranean Shipping Company, Petredec Global and Pacific International Lines (PIL).Through this annual case competition, students from Singapore's universities and polytechnics will apply their knowledge to respond to some of the maritime industry's most pressing challenges, hone teamwork and cross-disciplinary skills…
ABS: Rising Complexities Demand New Approach to Tech Adoption
“Access to innovation is no longer enough. Competitive advantage will be defined by how effectively we turn technology into safe, reliable performance at sea," said John McDonald, ABS Chairman and CEO at Capital Link at the start of Posidonia, as he set out the urgent need to close the gap between rapid technological advancement and real-world performance.He highlighted the increasingly complex operating environment facing shipping, shaped by constrained capital, rising costs…
At the Helm: How the U.S. Coast Guard is Shaping the Future of Maritime Nuclear Power
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s. Verne was writing about “electricity” from batteries using seawater which he created after studying the model of the newly developed French Navy submarine “Plongeur” at the Exposition of 1867.In the novel…
Ancona Shipyard Hosts Dialogue on Industry Innovation and Industrialization
The Ancona shipyard hosted the latest stage of the "Open Shipyards, a View of the Future" roadshow on July 28, 2025, an initiative promoted by Fincantieri that opens the doors of the Group's Italian facilities to institutions and stakeholders. The event focused on dialogue on industrial innovation, organizational transformation, and sustainability challenges, with particular attention to the strategic value of the Marche region in the national production system.The meeting opened with greetings from Biagio Mazzotta…
