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MICT Hits Record 3 Million TEUs in 2025

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Milestone container handled in December. Capacity expansion and equipment upgrades support growth. The Berth 8 project aims to lift handling capacity further. The Manila...

White House Orders Military Focus on Venezuelan Oil Quarantine

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Coast Guard moves to seize third Venezuelan-linked vessel. A large U.S. military presence is deployed in the Caribbean. UN criticism grows over the...

Fujairah Oil Product Stockpiles Rise Led by Light Distillates

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Light distillates hit a six-week high. Middle and heavy distillates decline. Stocks head for first annual gain in three years. Oil product stockpiles at...

Ningbo-Zhoushan Opens Expanded Tiaozhumeng Channel

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Ultra-large container ship completes first transit after channel expansion. New route supports 200,000-tonne class container vessels. Additional capacity eases pressure on existing navigation...

Norway Delays FuelEU Maritime Start Beyond 2026

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Delay eases short-term compliance pressure for shipowners. Long-term alignment with EU climate rules still expected. Biofuel market impact seen as temporary. The EU’s FuelEU...

Historic Car Ferry City of Milwaukee Set for $1m Preservation Overhaul

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The iconic S.S. City of Milwaukee, a nearly century-old steam-powered railroad car ferry and National Historic Landmark, is set to be lifted out of...

Zombie Ships Sail On as Venezuela Outsmarts Oil Sanctions

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A tanker believed to have been dismantled years ago is now poised to arrive in Venezuela, highlighting how the country’s oil trade continues to...

NOCC Commissions Fourth 7,000-CEU LNG Dual-Fuel Car Carrier from CIMC Raffles

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Norwegian Ocean Car Carriers (NOCC) has placed an order for a fourth 7,000-CEU LNG dual-fuel pure car and truck carrier (PCTC). The vessel...

Russia Slams US Blockade of Venezuela

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Russia Warns US Measures Could Destabilise the Region. Call for a Pragmatic Approach and Respect for International Law. Kremlin Reaffirms Political Support for...

Iran Seizes Foreign Oil Tanker Over Alleged Fuel Smuggling

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Sixteen Foreign Crew Members Detained on Criminal Charges. Earlier Seizure Reported in the Gulf of Oman Involving Smuggled Diesel. Iran Steps Up Crackdown...
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