The Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, has urged immediate global cooperation to secure the release of 44 seafarers currently being held captive by pirates and armed robbers in
BP (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is set to abandon its previous pledge to cut oil and gas output as CEO Murray Auchincloss
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Three oil tankers have sustained blast damage in the Mediterranean over the past month, shipping and security sources revealed to Reuters. These incidents mark a rare occurrence, as non-military vessels have not
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A gastrointestinal illness has left nearly 100 passengers and crew members sick aboard a Royal Caribbean cruise ship traveling through the Gulf of Mexico. According to the U.S. Centers for Disease Control
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DP World has announced a record-breaking performance in 2024, handling an unprecedented 88.3 million twenty-foot equivalent units (TEUs) across its global ports and terminals. This marks an 8.3% year-on-year increase, despite macroeconomic
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Vincent Clerc, the CEO of Danish shipping giant AP Møller-Maersk, has predicted that tariffs will not significantly impact global trade in the near future. Speaking to the Financial Times, Clerc explained that
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Vessel traffic along the International North-South Transport Corridor (INSTC), a strategic trade route developed by India, Russia, and Iran, surged by 43% in the 2023-24 financial year, according to a recent Indian
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China has cemented its dominance in Central Asia, with trade turnover in 2024 rising nearly 5% to $94.8 billion, surpassing Russia as the region’s top economic partner. The vast majority of trade
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In light of the ongoing challenges faced at the Colombo port, the below listed Joint Chambers, along with key trade, maritime and logistics associations, wish to propose solutions to mitigate the impact
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DP World and NSW Ports have announced a significant investment aimed at transforming the logistics capabilities of Port Botany in Sydney, with the goal of enhancing its status as a key hub
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In 2024, Russia achieved a record export of 33.6 million tons of liquefied natural gas (LNG), marking a four percent increase from the previous year, according to a report from RBC on
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