Flood Wipes Away Chinese “Belt and Road” Border Port in Nepal
A flash flood initiated by a glacial collapse swept through mountain valleys on the Chinese-Nepalese border on Wednesday, erasing villages and leaving 1,400 people missing.
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Nordic American Tankers Posts Q2 2026 Profit on Vessel Sales and Insurance Payouts
Nordic American Tankers posted a net profit of $68.3 million for the second quarter of 2026, rising from $46.3 million in the previous quarter and reversing a net loss of $0.9 million recorded during the same period in 2025.
Turkey Turns to US and India for Diesel as Russian Export Ban Bites
Turkey increased its imports of diesel from the United States and India in August to record levels, shipping data showed, as a Russian ban on diesel exports and wider disruption caused by the Iran war prompted its importers to diversify…
Baltic Index Powers to Near Three-month High on Broad Rate Gains
The Baltic Exchange's dry bulk sea freight index rose 51 points on Thursday to 3,107, its highest level in nearly three months, extending gains for a sixth consecutive session as rates increased across all vessel segments.
Higher Revenue for Sweden’s Gotlandsbolaget in Q2 2026
Swedish ferry operator Gotlandsbolaget reported second-quarter revenue of SEK1.003 billion ($105.4 million), up from SEK961.1 million in the same period of 2025, following higher income from FuelEU maritime performance pooling.
MSC Suspends Novorossiysk Container Service as Attacks Continue
With attacks in the Black Sea having widened to container shipping, MSC has reportedly suspended bookings for the port of Novorossiysk, Russia. Bloomberg saw a customer alert and received confirmation from MSC’s St.