Global News

Ukraine Seeks Auctioneer to Sell Seized Turkish Cargo Ship

Ukraine Seeks Auctioneer to Sell Seized Turkish Cargo Ship

Ukraine’s National Agency for Tracing and Asset Management (ARMA) is calling for proposals to manage the sale of a Turkish cargo ship it seized in 2024 on charges that it looted grain from Crimea. It is the latest step in efforts by Ukraine to sell off seized vessels...

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...