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 data showed on Friday. Internal Pages – Super (728×90) – Position 14 The Hong Kong-flagged vessel Sea Horsewhich this year loaded Russia-origin diesel through a ship-to-ship transfer, earlier this month rerouted from Cuba to Venezuela […]
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 geopolitical tensions. Internal Pages – Super (728×90) – Position 14 Attacks on oil and transport facilities across the Middle East and disruptions to energy flows through the Strait of Hormuz, which carries about a fifth […]
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 maritime capabilities across the country. Internal Pages – Super (728×90) – Position 14 This investment aims to modernise operations at more than 300 ports operated by states, municipalities, and private corporations. Transportation Secretary Sean P. […]
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 least half the Dutch fleet staying in port this week, according to industry representatives. Internal Pages – Super (728×90) – Position 14 The pressure is most acute in the Netherlands because of an outsized number […]
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 up a joint venture in logistics. Internal Pages – Super (728×90) – Position 14 Rosatom, which builds nuclear projects in Russia and abroad and also owns transport assets in Russia, will hold 51 per cent […]