Business

Turkey’s Anadolu Shipyard has launched a new guided-missile frigate ordered by the Turkish Navy. The future TCG Mediterrenian is the fifth frigate in the locally built Istif-class. Class lead ship TCG Istanbul was built by Istanbul Naval Shipyard while recently launched sister ship TCG Izmir was also built by Anadolu Shipyard, though all frigates in […]

02/09/2026 6:48 pm – Updated Now The Port of São Sebastião is experiencing a period of expansion and repositioning in the national logistics scenario, driven by structural improvements, expansion of internal areas and investments in road infrastructure. The assessment was presented by the president of Companhia Docas de São Sebastião (CDSS), Ernesto Sampaio, during an […]

Reports that Mercuria is ordering up to four new 307,000-dwt VLCC tankers from Dalian Shipbuilding Industry Co in China, in a contract apparently worth up to $500 million, are a significant indication of a developing trend. Historically, Mercuria has not been much of a ship owner, focusing instead on its trading activities, and either chartering […]

A key figure in Hezbollah’s smuggling operations in Lebanon, and a godfather figure in particular in the Beirut docks, Wafiq Safa resigned his formal position on February 6 as head of Hezbollah’s Liaison and Coordination Unit. Wafiq Safa is regarded as having had a crucial role for at least 25 years in the organization of […]

Netherlands’ Dekker Group christens new electric dredger

Maersk confirmed its next shipbuilding order, reporting it will build a series of large vessels that will maintain efficiency while increasing flexibility. It said the latest order is part of its ongoing fleet renewal program. The order is with China’s New Times Shipbuilding Company and calls for eight large vessels for delivery in 2029 and […]

In Scotland, there is continued progress from the ramp-up of Bakkafrost’s Applecross hatchery. Production volumes of large, high-quality smolt are increasing, and Jacobsen said the company remains firmly focused on a steady and controlled ramp-up, prioritising biological stability and predictable execution. “The improved operational performance is encouraging as we look towards 2026,” added Jacobsen. “Following […]

[By National University of Singapore (NUS)] Industry–academia collaboration to be based at the National University of Singapore’s College of Design and Engineering targets decarbonisation of the global shipping industry through new ammonia-fuelled engine concept A major new research project to be located on the College of Design and Engineering (CDE) campus at the National University of […]

The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third countries, a proposal document showed on Monday. The proposal, reviewed by Reuterswould add Kulevi in Georgia and Karimun in Indonesia to the sanctions list, […]

About a fifth of the oil consumed globally passes through the Strait of Hormuz between Oman and Iran. “The Iranian risk premium cannot be fully defused as long as US warships are located where they are,” said SEB analyst Bjarne Schieldrop. Oil prices had dropped earlier in the session, extending last week’s losses, after the […]