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12 August 2026

Gulf states scramble for Strait of Hormuz alternative

Downunder Voices Newsroom

Source reporting: Deutsche Welle English

Gulf states scramble for Strait of Hormuz alternative

Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world's most important energy choke point.

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Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

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12 August 2026

Genoa breakwater reaches 1.5-kilometre milestone

The New Genoa Breakwater has reached approximately 1. 5 kilometres in length following the installation of another mega caisson, according to project contractor Webuild. The project is being delivered by the PerGenova Breakwater Consortium, led by Webuild, on behalf of the Port Authority of the Western Ligurian Sea. The latest installation took place on 10 August, […] The post Genoa breakwater reaches 1. 5-kilometre milestone appeared first on Port Technology International .

Source: Port TechnologyOriginal source

12 August 2026

Port of Savannah volumes rise 5.7 per cent in July

The Port of Savannah handled 503,739 TEUs in July, an increase of 5. 7 per cent compared with the same month last year, according to the Georgia Ports Authority (GPA). The result represented an additional 27,051 TEUs year on year and marked the first month of GPA’s 2027 fiscal year. Container exports reached nearly 115,000 TEUs, […] The post Port of Savannah volumes rise 5. 7 per cent in July appeared first on Port Technology International .

Source: Port TechnologyOriginal source

12 August 2026

ADNOC reports record Q2 net profit

ADNOC Logistics and Services has reported record second quarter and first-half 2026 financial results, surpassing market expectations and demonstrating exceptional operational strength underpinned by strong shipping market performance. Second quarter 2026 revenue reached US$ 2,584 million, a 98% increase year-on-year, while EBITDA rose 176% to US$ 1,106 million and net profit surged 303% to US$ 951 million, representing a record quarterly result for the company. For the first half of 2026, revenue increased 46 percent year-on-year to US$ 3,667 million, EBITDA rose 98% to US$ 1,475 million with a margin of 40% , up 11 percentage points year-on-year, and net profit grew 179% to US$ 1,173 million. The EBITDA margin expansion was driven by record shipping performance across the company’s diversified business model and elevated market rates. The company has raised its full-year 2026 earnings guidance for the third time, reflecting continued strong performance.

Source: Container NewsOriginal source

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12 August 2026

Port Botany quay expansion enters planning review

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Source: Port TechnologyOriginal source