Business

Suezmax tanker Aquila II departed from Venezuelan waters in early January as part of a flotilla of vessels. It was carrying about 700,000 barrels of Venezuelan heavy crude bound for China, according to schedules from state company PDVSA. Most tankers in the flotilla have returned to Venezuela or have been seized by the US. Hegseth […]

Higher costs due to the rerouting of ships via the Cape of Good Hope and start-up expenses for a collaboration with rival Maersk known as the Gemini Network dragged on earnings. However, Gemini-related cost savings started kicking in during the second half of 2025 and will be fully realised in 2026, it said, adding that […]

Illegal migrants deported from Britain to France under the new “one-in one-out” scheme did not have enough access to translators, legal advice or information about what would happen to them next, inspectors said in a report published on Monday. 20 people removed on a flight in November were offered a translator who spoke Arabic and […]

The Indian Navy is about to host a large international exercise at its base in Visakhapatnam. Besides boasting the best natural harbor on India’s East Coast, Visakhapatnam hosts the headquarters of the Indian Navy’s Eastern Command, and is regarded as India’s shipbuilding capital. The interlinked series of exercises commences on Thursday, February 18 with an […]

Fifty-three illegal migrants, including two babies, were dead or missing after a rubber boat carrying 55 people capsized off the coast of Libya, the International Organisation for Migration said on Monday. The boat departed from Zawiya on Thursday and then overturned off Zuwara on Friday, the IOM said in a statement, citing the survivors. Zawiya […]

Nexra has signed a firm contract to execute an operations and maintenance campaign across two offshore wind farms in Taiwan. The agreement is valued at more than €20 million ($22 million) according to a statement from its parent company Cadeler Group. The campaign is scheduled to begin in March 2026 and will run for a […]

U.S. forces boarded a sanctioned, stateless tanker that was underway in the Indian Ocean after reportedly tracking the vessel for over a month since it departed Venezuela. It is the first seizure by the U.S. in three weeks and the first time American forces have interdicted a vessel in the Indian Ocean as part of […]

Exmar has been selected by Cedar LNG Partners to provide marine and operational expertise for the floating liquefaction of natural gas unit, Megugu. The contract involves the management of marine operations and maintenance for the facility located in Kitimat, British Columbia, Canada. Cedar LNG Partners stated the project represents the world’s first indigenous majority-owned liquefied […]

Survivors of a shipwreck that killed 15 Afghan illegal migrants off Greece last week said that the dinghy they were in did not change course or ram a coastguard vessel, contradicting the official account by authorities. Fifteen people died in the shipwreck off the island of Chios on February 3. Two dozen others, including 11 […]

US container imports totalled 2,318,722 20-foot equivalent units (TEU) in January, exceeding the historical average for the month. This likely points to a more normalised trade environment shaped by steady demand rather than frontloading activity, Descartes said. Imports from China totalled 771,093 TEU last month. This was down 22.7 per cent from January 2025. China […]