Southeast Asian businesses are looking to China’s newly opened Pinglu Canal to reduce transport bottlenecks and provide direct access to markets deep inside the country, but officials and analysts warn that the
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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Sri Lanka’s maritime destiny has long been forged by pragmatic decision-making and visionary leadership. For decades, the Sri Lanka Navy (SLN) has balanced long-term national interests with the pressing demands of technology,
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The International Maritime Organization (IMO) has taken a significant step toward ensuring the safe operation of ships powered by alternative fuels and new technologies by finalizing draft interim guidelines for seafarer training.
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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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Introduction Marine Scientific Research (MSR) is a crucial activity for countries like Sri Lanka, especially as the Indian Ocean grows in strategic and scientific importance. However, there are challenges in balancing the
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A rare and remarkable discovery has been made off the coast of Tenerife, where the elusive black seadevil, a deep-sea predator known for its bioluminescent lure and haunting appearance, has been filmed
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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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The International Maritime Organization (IMO) has taken a significant step in the fight against marine plastic pollution with the approval of a draft 2025 Action Plan to Address Marine Plastic Litter from
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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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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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“Every nation, in every region of the world, has to take a decision: either you are with us, or you are with the terrorists.” ~ President George W. Bush, in his address
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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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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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