A new wave of piracy off Somalia is exposing the fragile security of the Horn of Africa, as depleted fishing grounds, drought and stretched naval patrols drive former fishermen back to the
A new wave of piracy off Somalia is exposing the fragile security of the Horn of Africa, as depleted fishing grounds, drought and stretched naval patrols drive former fishermen back to the
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Amancio Ortega, the Spanish billionaire behind Inditex and the iconic Zara brand, is preparing one of his most significant investments on the opposite side of the globe from his birthplace. Last week,
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The Port of Colombo recorded its highest-ever annual container throughput in 2025, handling 8,291,178 TEUs and setting a new benchmark in its operational history. The achievement builds on a strong performance in
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X-Press Feeders, the former operator of the ill-fated container ship X-Press Pearl, has announced it is pausing payouts tied to what is now recognized as Sri Lanka’s largest environmental disaster. The decision
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China’s state-owned shipping giant Cosco is aiming to secure a 20-30 percent stake in a $23 billion deal involving key global port assets, including strategic holdings near the Panama Canal, as Beijing
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Several significant investments in the maritime sector have been announced, showcasing a global push to enhance port infrastructure, green shipping solutions, and technological advancements within the industry. India’s $5.8 Billion Inland Waterways
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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
More by Our Diplomatic Affairs Editor When Donald Trump used his inauguration speech to assert that the United States should “take back” the Panama Canal, his words echoed across the globe, drawing renewed
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Yemen’s Houthi movement has declared it will limit its attacks on international shipping off the coast of Yemen, marking a partial de-escalation in the Red Sea region. According to a report by
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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 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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A groundbreaking proposal for a flat tax on shipping emissions has gained significant momentum as Liberia and Panama, the world’s leading shipping registries, announced their support. These nations join 43 others, including
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Yesterday, the colossal Megamax container ship, named “Ever Ace,” docked at the Colombo East Container Terminal under the management of the Sri Lanka Ports Authority. Boasting an astounding capacity nearing 24,000 TEU
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The Chinese are increasingly angry with Iran. Reuters has reported that Chinese officials have asked Iran “to rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with
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Houthi attacks on ships in the Red Sea have cut Suez Canal trade volume by 42 percent since November, a UN trade official said on Thursday. The disruption adds to the strain
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