Unpaid Taxes and Houthi Threats Drive Port of Eilat to Bankruptcy, Forcing Imminent Closure
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...
Russia Continues Arctic LNG 2 Exports with Sanctioned Vessels
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...
Capesize Dominates Dry Bulk Freight Gains, Panamax and Ultramax Markets Show Signs of Stabilizing
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...
VLCC and Suezmax Rates See Welcome Upturn, Bolstering Crude Tanker Earnings
Last week has brought a positive shift in the LR2 (Long Range 2) tanker freight market in the Middle East Gulf (MEG), with rates...
Combating Cargo Abandonment: How Operators Can Identify Risks, Vet Clients, and Act Swiftly
Abandoned cargo poses a persistent and costly challenge for transport and logistics operators globally. These issues arise from various factors, including commercial disputes, consignee...
Europe’s Busiest Cruise Port Barcelona to Scale Back Amid Overtourism Concerns
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...
60-Year-Old Farmer Builds Submarine by Hand
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...
GTT Strategic Ventures Invests In CorPower Ocean To Advance Wave Energy
GTT Strategic Ventures, the investment arm of the GTT group, has joined the second close of the Series B funding round for CorPower Ocean,...
CSSC Shipping Orders Two Newcastlemax Bulkers To Boost Dry Bulk Fleet
CSSC Shipping, the Hong Kong-listed leasing arm of China State Shipbuilding Corporation, has expanded its dry bulk fleet with an order for two newcastlemax...
Insetting Can Speed Up Shipping Decarbonisation But Needs Strong Guardrails
A new analysis by the UCL Energy Institute, supported by UMAS, reveals that voluntary insetting schemes could play a crucial role in decarbonising the...
- Advertisement -
RECOMMENDED VIDEOS
