LATEST ARTICLES

PowerAlign by Cavotec Delivers Flexible Shore Power for Terminals

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Cavotec has launched PowerAlign, a modular and mobile shore power solution for container terminals. The system occupies less than 3.5 m² and keeps the quay area clear for operations. PowerAlign offers up to 140 m...
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Iraq Ramps Up Oil Shipments, Signaling Stronger Production Push

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Iraq plans to significantly raise exports of destination-free Basrah Medium crude in August, adding up to 4 million extra barrels. The increase aligns with OPEC+ efforts to ramp up oil output, even as...
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Unpaid Taxes and Houthi Threats Drive Port of Eilat to Bankruptcy, Forcing Imminent Closure

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Israel's only southern seaport, the Port of Eilat, is set to cease all commercial operations from July 20, 2025. This critical decision stems from a severe financial crisis exacerbated by the ongoing Red Sea...
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Russia Continues Arctic LNG 2 Exports with Sanctioned Vessels

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A liquefied natural gas (LNG) vessel, the Voskhod, which is subject to U.S. sanctions, has recently docked at Russia's Arctic LNG 2 plant. This marks the second time a sanctioned vessel has called at...
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Capesize Dominates Dry Bulk Freight Gains, Panamax and Ultramax Markets Show Signs of Stabilizing

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The dry bulk shipping market witnessed a dynamic week, with Capesize vessels leading a robust rally, while Panamax and Ultramax/Supramax segments experienced more mixed or moderating trends after initial gains. Capesize Market The Capesize market experienced...
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VLCC and Suezmax Rates See Welcome Upturn, Bolstering Crude Tanker Earnings

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This week has brought a positive shift in the LR2 (Long Range 2) tanker freight market in the Middle East Gulf (MEG), with rates recovering and then stabilizing after an earlier dip. LR2s are...
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Combating Cargo Abandonment: How Operators Can Identify Risks, Vet Clients, and Act Swiftly

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Abandoned cargo poses a persistent and costly challenge for transport and logistics operators globally. These issues arise from various factors, including commercial disputes, consignee insolvency, or complex regulatory hurdles. Unclaimed cargo can lead to...
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Barcelona Mayor Announces Historic Limits on Cruise Growth, Slashing Port Capacity by 16%

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The Port of Barcelona, currently recognized as Europe's busiest cruise port, is set to scale back its passenger terminal capacity significantly by 2030. This strategic decision is a direct response to growing concerns about...
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From Village Dreams To Deep Waters Farmer Builds Submarine By Hand

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Zhang Shengwu, a 60-year-old farmer from Maanshan, Anhui province, has stunned many by single-handedly building a functional submarine named Big Black Fish. His journey from carpentry and welding to crafting underwater vessels reflects a story...
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GTT Strategic Ventures Invests In CorPower Ocean To Advance Wave Energy

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GTT Strategic Ventures, the investment arm of the GTT group, has joined the second close of the Series B funding round for CorPower Ocean, a Swedish pioneer in wave energy technology. The round, which builds...
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