Shipping

The Houthi rebels in Yemen announced they would limit their attacks in the Red Sea corridor to only Israeli-affiliated ships, following a ceasefire agreement in the Israel-Hamas conflict. The Sanaa-based Humanitarian Operations Coordination Centre (HOCC), which liaises between Houthi forces and commercial shipping operators, specified that it was stopping “sanctions” against vessels owned by United States and British entities, as well as

NYSE-listed Scorpio Tankers received commitments from a group of financial institutions for a revolving loan of up to $500.0 million. The Revolving Credit Facility is a 100% revolving loan, which has a final maturity of seven years from the signing date and gives the shipowner the flexibility to draw down or repay the loan during the loan tenor. The Revolving Credit Facility

Hamburg-based Hapag-Lloyd, one of the world’s leading liner shipping companies, is breaking ground in Uganda, opening its new office in the capital city of Kampala. Strategically situated, Uganda provides excellent connections to five neighboring countries in East and Central Africa. With a population of around 50 million, the country has become an attractive market on the African continent. The Ugandan economy is