Spanish Tanker Company Marflet Marine to Add Suction Sails to First Tanker
Marflet Marine, one of Spain’s oldest private shipping companies, is joining the growing list of ship operators adopting wind-assisted propulsion.…
Somaliland: Ethiopian Naval Base Could Help Contain Houthis
The leader of the breakaway region of Somaliland believes that a future Ethiopian naval base – the first since Ethiopia…
U.S. Aid Pier for Gaza Breaks Up in Heavy Weather
The temporary floating pier that U.S. forces constructed to supply aid to Gaza has been damaged in a storm, and…
Houthis Armed with New Iranian-Designed Missile as Attacks Increase
In their latest announcement, the Houthis reported that they have increased the attacks on shipping in response to the continued…
South Korea, UAE agree to slash import duties, strengthen ties
South Korea and the United Arab Emirates signed a trade agreement at a summit on Wednesday to sharply cut import…
Euro zone lending languishes as ECB prepares to cut
Bank lending in the euro zone continued to languish in April as record-high interest rates likely put off lenders as…
Qatar’s ruler looking to invest in energy, ports and high-tech in Cyprus, official says
The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a…
Russia’s ultra low-sulphur diesel exports from Primorsk to fall in June, traders say
Russia’s exports of ultra low-sulphur diesel (ULSD) from the Baltic Sea port of Primorsk in June are set to fall…
PetroChina loads first crude from UAE’s Belbazem field for Singapore refinery
PetroChina International said it has loaded 100,000 barrels of crude oil from the United Arab Emirates’ offshore block Belbazem where…