U.S. Treasury Sanctions Two Captains for Smuggling Iranian Oil
In a rare move targeting mariners, the U.S. Department of the Treasury has added two captains to its list of…
Middle Eastern Financier Buys Danish Ship Finance
UAE-based investment firm Magellan Group has purchased a majority stake in Danish Ship Finance, a landmark financial institution based in…
Freighter Catches Fire at Israeli Port of Haifa
On Monday, a fire broke out aboard a Turkish-owned cargo ship at the port of Haifa, prompting a large-scale response.…
Somalia-based piracy menaces vessels rerouted away from Houthi threats
Security forces preoccupied with Houthi attacks in the Red Sea and an increase in Indian Ocean shipping, thanks to ongoing…
China’s commodity imports are soft, even those that look strong
China’s imports of major commodities were either openly weak in May, such as the decline in crude oil, or those…