OMAN : Asyad Shipping – the majority Omani state-owned maritime transportation company – has bolstered its crude shipping capability with the acquisition of a new Very Large Crude Carrier (VLCC), raising its VLCC fleet
SINGAPORE: X-Press Feeders stated it will refuse to pay Sri Lankan court-ordered damages of US$1 billion for causing that country’s worst case of environmental pollution. In an exclusive interview to AFP, X-Press Feeders Chief
DUSSELDORF : WR Logistics, a provider of project logistics solutions for large scale industrial and infrastructure projects, has appointed Shadi Alkhatib as Chief Executive Officer for Saudi Arabia, with immediate effect. This appointment underscores
SINGAPORE: Strategic Marine is pleased to announce the successful Technical Acceptance for a pair of two 40m 550-Passenger Aluminium Catamaran Ferries being for the Government of Bermuda. This important milestone marks the vessel’s readiness
LONDON/HAMBURG: USD 48 billion invested in LNG carriers could be written off by 2035 as they will be in oversupply in a 1.5°C climate scenario with declining fossil energy use, according to new research
COPENHAGEN : With 86% of economists advocating for AI adoption up and down supply chains, businesses like Maersk & Coca-Cola are getting ahead and deploying new systems. The age of globalisation has made international
OSLO: The average spot rates from Far East have increased in the past week into both the US East Coast and US West Coast, up 4.3% and 4.3% respectively. Prior to the latest uptick,
LONDON: Official stats show that exports from China to the USA fell by a third in August, Chinese and American negotiators had their fourth round of talks last weekend in Madrid, time will tell
LONDON: Her Royal Highness The Princess Royal has officially reopened Lloyd’s Register’s Grade II* listed headquarters in central London following an extensive refurbishment. The reopening of the building, now officially renamed the Lloyd’s Register