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
DP World, the renowned global leader in logistics and trade, is breaking new ground by launching a transformative initiative aimed at modernizing cross-border payment systems. Partnering with global financial institutions and leading
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The International Maritime Organization (IMO) has inaugurated its new Regional Presence Office (RPO) for the Middle East and North Africa (MENA) region, located in the historic maritime city of Alexandria, Egypt. This
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The International Maritime Organization (IMO) has unveiled its agenda for 2025, focusing on significant challenges facing the global maritime sector. Secretary-General Arsenio Dominguez, speaking at a news conference on January 14, stressed
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According to a report by the Financial Times, China, the world’s largest oil importer, may be approaching peak oil demand sooner than expected—a trend that could have far-reaching consequences for global oil
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European shipyards have been providing essential maintenance to Russian ice-class tankers, enabling the continued transport of liquefied natural gas (LNG) from Russia’s Yamal plant in the Arctic, despite stringent Western sanctions targeting
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Germany has rescued a Russian oil tanker, Eventin, after the vessel lost power in stormy conditions in the Baltic Sea, carrying 100,000 tonnes of oil. The ship, part of President Putin’s so-called
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by Our Economic Affairs Editor As Hambantota International Port (HIP) embarks on an ambitious expansion plan, the port is set to redefine its role in global maritime trade. With the introduction of
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DP World has reached a significant milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio, a remarkable achievement that underscores the company’s aggressive investment strategy and leadership in
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by Our Economic Affairs Editor China has made significant strides in the development of automated container and dry bulk terminals, with 52 of these facilities now operational, placing the country at the
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