LATEST ARTICLES

SCZONE’s Investment-Led Growth Strategy Overcomes 54% Drop in Suez Canal Transit Revenues

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Egypt’s General Authority for the Suez Canal Economic Zone (SCZONE) reported a 38% year-on-year revenue increase in the fiscal year 2024/25, reaching EGP 11.43 billion ($234 million). The authority also recorded a surplus of...
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Capesize Market’s Rollercoaster Week Signals Bearish Turn for Dry Bulk Shipping

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The positive momentum in the Capesize market from the previous week has been decisively reversed. According to the latest market reports, the Baltic Capesize Index (BCI) 5TC, a weighted average of five key timecharter...
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Aframax and LR2 Markets Rally as VLCCs Continue to Slide and Suezmax Rates Find...

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Rates for large-range (LR2) tankers shipping freight from the Middle East (MEG) saw a positive trend this week. The cost to move 75,000 tons of cargo from the MEG to Japan (TC1 index) rose...
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Georgia Ports Posts Strong FY2025 Growth with Record Infrastructure Expansion

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Georgia Ports Authority (GPA) handled 5.7 million TEUs in FY2025, an 8.6% increase from the prior year and the second highest in its history. Port of Brunswick maintained strong auto and equipment volumes,...
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Signal Ocean Dry Weekly: Capesize Ton Days Rise, C3 Market Rates Update

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Capesize tonne-day demand saw strong Q2 growth, especially on Atlantic–Far East routes, but freight rates on the Brazil–China (C3) route declined amid rising supply and weak iron ore fundamentals. Iron ore prices face...
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Port Of Hamburg Leads Europe In Shore Power Adoption For Cruise Ships

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The Port of Hamburg has established itself as a European frontrunner in the adoption of sustainable shore power infrastructure, well ahead of the EU’s mandatory 2030 regulation. By enabling cruise ships to use shore-generated...
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Northern Lights Receives CO₂ Storage Tanks at Øygarden, Advancing Phase 2 Expansion

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The Northern Lights joint venture has received nine new CO₂ storage tanks at its Øygarden terminal in Norway, marking a significant milestone in the Phase 2 expansion. The development will increase the facility’s...
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AD Ports Group And Egypt Sign MoU To Develop Crude Oil Storage Infrastructure

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In a significant move to deepen economic ties and enhance regional energy cooperation, AD Ports Group has signed a Memorandum of Understanding (MoU) with key Egyptian stakeholders to jointly operate and develop Egypt’s extensive...
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BAE Systems And Kongsberg Expand Strategic Defence Collaboration

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European defence giants BAE Systems and Kongsberg are deepening their longstanding partnership to bolster military capabilities across NATO allies. After signing a Memorandum of Understanding (MoU) in May 2025 focused on maritime defence, the two...
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Panama’s Comptroller Challenges Ports Contract With Hutchison-Backed Panama Ports

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Panama’s Comptroller General, Anel Flores, has filed a legal challenge with the country’s Supreme Court seeking to nullify the renewed contract of Panama Ports Company (PPC), the operator of the Balboa and Cristobal ports,...
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