Somali Pirates Hijack First Vessel since 2012

The Somali pirates have hijacked a Sri Lanka-flagged bunkering tanker while it was sailing near the Horn of Africa, marking the pirates’ first commercial vessel hijack since 2012.

VDR: Risk of Pirate Attacks Remains High

The German Shipowners’ Association (VDR) has once again warned that the threat to shipping posed by pirates has not yet been eliminated as the risk of attacks remains high around the Horn of Africa.

DP World Raises USD 1.2 Bn, Agrees to Develop Berbera Port

Dubai-headquartered port and terminal operator DP World has raised USD 1.2 billion in a new 7-year sukuk set to be listed on the Middle East’s international financial exchange NASDAQ Dubai.