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Western Sanctions Take Big Bite Out of Sovcomflot’s Results

Western Sanctions Take Big Bite Out of Sovcomflot’s Results

Russia’s tanker operator PAO Sovcomflot is citing the impact of the Western sanctions on the company’s results. It reported a significant drop in revenues and a loss for the first quarter of 2025 along with recording a non-cash impairment related to the fleet. The...

Major Cargo Fire Breaks Out on Bulker in Amsterdam

Major Cargo Fire Breaks Out on Bulker in Amsterdam

On Thursday, a large fire broke out in the hold of a bulker in Amsterdam's western port district, sending noxious smoke over a large area of the city and prompting an air-quality alert. Firefighting efforts continued into Friday morning.  At about 1700 hours...

RWE is Latest to Stop U.S. Offshore Wind Activities

RWE is Latest to Stop U.S. Offshore Wind Activities

German renewable energy giant RWE is set to announce that it has stopped its offshore activities in the United States and setting higher requirements for future investments because of the “political developments.” The company follows TotalEnergies, Shell, and BP which...

White House Seeks Deep Cuts at NOAA

White House Seeks Deep Cuts at NOAA

Internal budget documents leaked to the media Friday suggest that the Trump White House wants to cut funding for NOAA's National Ocean Service in half, move the National Marine Fisheries Service to the Department of the Interior, end the Sea Grant program for...

Iran Probes for New Maritime Routes Into Lebanon

Iran Probes for New Maritime Routes Into Lebanon

Reports from Israel suggest that the Islamic Revolutionary Guard Corps (IRGC) Quds Force is making progress in its search for new routes into Lebanon, following the destruction of the traditional smuggling routes into Lebanon by Israel in recent months. A primary...

Ports and Businesses Brace for Impact From Heavy Tariffs

Ports and Businesses Brace for Impact From Heavy Tariffs

Markets reacted negatively on Monday after President Donald Trump's announcement of sweeping tariffs on major trading partners, including an additional 34 percent tariff on China. The Dow fell four percent, the S&P 500 dropped five percent, the Nasdaq was...

America Gets Serious About Shipping

America Gets Serious About Shipping

Ships move 80 percent of global trade. Without them, people would be poorer, and few appreciate the critical role they play in our everyday lives. In December, a bipartisan group of U.S. Congressmen introduced the Shipbuilding and Harbor Infrastructure for Posterity...

Back from “Deep Freeze”

Back from “Deep Freeze”

The U.S.-flagged cargo ship Ocean Giant returned to Port Hueneme, California on March 12, completing a more than 6,000 nautical mile journey from New Zealand. It was the final leg of her annual deployment to Antarctica as part of the resupply mission known...

Local News

No more stalling on heavy vehicle policies, says MCA

No more stalling on heavy vehicle policies, says MCA

With lives at stake, we can no longer afford to delay reforming Malaysia’s heavy vehicle policies. The recent surge in serious road accidents involving commercial heavy vehicles is a clear signal that our system is failing. These are not isolated incidents — they are...

Malaysian exporters brace for blow as US tariff looms

Malaysian exporters brace for blow as US tariff looms

https://a61fbe55416d82f97f1a89ff4b45d6a3.safeframe.googlesyndication.com/safeframe/1-0-44/html/container.html Local Malaysian exporters brace for blow as US tariff looms Govt urged to move beyond quick fixes and focus on long-term structural reforms to strengthen...

Manufacturers call for national action plan to tackle worker

Manufacturers call for national action plan to tackle worker

KUALA LUMPUR, May 2 — The Federation of Malaysian Manufacturing (FMM) has proposed that the government formulate a National Action Plan on Labour Quarters to address the shortage of proper accommodation for workers, especially in key industrial areas and logistics...