A South Korean container ship has completed the country’s first commercial round trip to Europe through the Arctic, arriving at the southeastern port of Busan on Sunday after a 50-day voyage that
OPEC+ has announced it will move forward with plans to increase oil production starting in April, a decision that caught markets off guard and led to a sharp drop in crude prices.
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In a significant development in global trade and investment, BlackRock announced on Tuesday that it has agreed to acquire two ports serving the Panama Canal from Hong Kong’s CK Hutchinson. This move
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Norwegian fuel giant Haltbakk Bunkers has reportedly refused to supply fuel to U.S. military ships and personnel stationed in Norway following the recent meeting between former President Donald Trump and Ukrainian President
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Finland has lifted the arrest of the oil tanker Eagle S, which had been seized in late December following accusations that it damaged the Estlink 2 power cable connecting Estonia and Finland.
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India’s crude oil imports from Russia witnessed a significant decline in February, reaching their lowest level since January 2023. The downturn follows the latest round of sanctions imposed by the United States
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Hong Kong billionaire Li Ka-shing’s CK Hutchison is at the center of renewed scrutiny after the U.S. President Donald Trump claimed that “China is operating the Panama Canal.” The remark has reignited
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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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