Freight rates for Russian oil shipments from Novorossiysk to India remain high despite a sharp correction in the Mediterranean tanker market, as many shipowners continue to avoid the Russian Black Sea port because of security risks, shipping and trading sources…
New Zealand's Lyttelton Port Company has commenced its NZ$821 million ($482 million) Te Awaparahi Bay expansion and resilience project, with completion scheduled for 2031. The development encompasses a 388-metre deepwater wharf, a five-hectare container terminal, four new ship-to-shore cranes, and…
Argentine President Javier Milei's push for sanctions on oil companies drilling offshore in the British-controlled Falkland Islands has put Israeli investors at the centre of a sovereignty dispute over which Britain and Argentina went to war in 1982.Milei, a proclaimed…
Oil prices slid on Friday but were on course to gain more than six per cent for the week after the United States and Iran resumed military exchanges in the seventh month of their conflict, while US diesel prices hit…
A new project focusing on the challenges of developing a so-called “pink corridor” for nuclear-powered transatlantic container shipping is taking shape. It will be led by Lloyd’s Register and A.P.
Turkish authorities have detained nine of the 10 crewmembers from the tanker Alsu that was involved in a collision with a Turkish cargo ship on Wednesday as the search and rescue operation continued.
