DP World and Rosatom to launch logistics venture in Russia
Russia’s state nuclear giant Rosatom said on Friday that it has agreed with UAE-based port operator DP World to set…
Steep fuel bills force half of Dutch fishing fleet to stay ashore
The fishing industry is emerging as an early European casualty of soaring diesel costs amid the Iran war, with at…
US MARAD announces millions of dollars in maritime infrastructure funding
The US Department of Transportation’s Maritime Administration revealed $489 million in funding on March 26 to enhance port infrastructure and…
Cruise operator Carnival lowers annual earnings guidance as fuel prices rise
Carnival Corporation cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator’s margins amid rising…
Cuba-bound tanker loaded with Russian fuel reaches Venezuelan waters
A tanker carrying some 200,000 barrels of Russia-origin fuel originally bound for Cuba has arrived in Venezuelan waters, LSEG ship-monitoring…
West African crude stays home as sellers wait for higher bids
West African crude oil trade for April-loading cargoes has slowed, despite shortages caused by the Iran war, as sellers reserve…
CSSC Offshore and Marine Engineering reports 2025 profit surge
CSSC Offshore and Marine Engineering (COMEC) reported a net profit of CNY1.01 billion ($144 million) for the 2025 financial year,…
Brazil sets new records as global soybean leader amid US-China trade tensions
With the 2025-26 harvest entering its final stages, Brazil is poised to further cement its status as the leading player…
Sagitta Marine: “We are moving beyond routine volatility; operational resilience is a competitive advantage”
The dry-bulk market is currently navigating a period of profound structural disruption, driven primarily by the escalating conflict in the…
Baltic Dry Index Up for 3rd Day, Still Posts Weekly Loss
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a…