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13

Nov

World Oil and Gas Demand Could Grow Until 2050, IEA Says

LONDON, Nov 12 (Reuters) - The International Energy Agency (IEA) announced on Wednesday that global oil and gas demand might continue to rise until 2050. This...

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12

Nov

Houthis Declare Suspension of Red Sea Attacks, But Maritime Threat Remains

The Houthi militant group in Yemen has announced that it will pause its maritime operations against Israel and formally end its naval blockade of Israeli ports...

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12

Nov

The Shipping Mogul Who Carved a Route to China’s African Mining Prize

Sun Xiushun first ventured to Guinea about ten years ago as a low-profile shipowner looking to stay involved in the aluminum industry. At the time, West Africa...

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12

Nov

Scorpio Tankers Orders Two VLCCs as Company Pivots From Product to Crude Market

Scorpio Tankers Inc. (NYSE: STNG) recently announced that it has signed letters of intent to build two Very Large Crude Carriers (VLCCs) at Hanwha Ocean in Sou...

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12

Nov

Rising Pirate Attacks Off Somalia Endanger Key Trade Route

(Bloomberg) — Recent instability in Yemen and the Horn of Africa is leading to a rise in maritime piracy off the coast of Somalia, raising concerns in one of t...

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12

Nov

Nigeria Seizes Over One Ton of Cocaine at Lagos Port in Largest Single Drug Bust

The National Drug Law Enforcement Agency (NDLEA) of Nigeria has seized around 1,000 kilograms of cocaine at Tincan Island Port in Lagos. This marks the lar...

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12

Nov

EUNAVFOR Seizes Pirate Mother Ship Following Tanker Hijacking Off Somalia

European naval forces have seized control of an Iranian-flagged dhow that was being used as a mother ship for the hijacking of the tanker HELLAS APHRODITE. Thi...

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12

Nov

Red Sea Shipping Faces Uncertain Future as Houthi Ceasefire Brings Hope—and Caution

The Houthi militant group's recent announcement to pause maritime operations in the Red Sea has caught the attention of the global shipping industry. This chan...

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12

Nov

Damen acquires UK-based I.M.E Group

Next Step in Developing UK Services Damen has announced that it has acquired I.M.E Group Ltd, located in Southampton. This acquisition follows a stron...

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