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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

Malaysia announces stricter plastic waste import rules

Malaysia announces stricter plastic waste import rules

Malaysia is set to introduce stricter new rules regarding imported plastic waste. From the 1st of July, imports of all plastic waste will be prohibited from entering the country, with the new law set to align the country with the Basel Convention, including the 2019...

Final warning for errant commercial vehicle operators

Final warning for errant commercial vehicle operators

PUTRAJAYA: Transport Minister Anthony Loke has announced that 11 freight transport companies were found to have over 1,000 unpaid summonses, while 17 express bus operators had more than 200 outstanding summonses each. One of the companies alone recorded over 22,000...

Cross-border e-commerce training boosts trade with ASEAN

Cross-border e-commerce training boosts trade with ASEAN

NANNING — At a fully automated production line in South China's Guangxi Zhuang autonomous region, cans of energy drinks rolled off conveyors, destined for shelves across China. Operated by Thai conglomerate TC Pharmaceutical Industries Co Ltd, this 1.3 billion yuan...

Husky Terminal launches shore power in Tacoma

Husky Terminal launches shore power in Tacoma

The Kuala Lumpur Express is a part of the new Gemini Cooperation in partnership with Maersk, and the nearly 9,000 TEU Hapag-Lloyd vessel was the first to plug in after completion of the commissioning phase....

Government confirms rice exports to Malaysia, stocks safe

Government confirms rice exports to Malaysia, stocks safe

Jakarta (ANTARA) - Indonesia's Deputy Agriculture Minister Sudaryono has assured that the government's plan to export two thousand tons of rice to Malaysia per month will not impact the country's domestic rice stocks. "Insha'allah (God willing), (it is) safe," he told...

In a move to strengthen international cooperation and agricultural growth, Cross River State Governor, Senator Bassey Otu, has hosted the Malaysian High Commissioner to Nigeria, His Excellency Aiyub Bin Omar, in Calabar.

In a move to strengthen international cooperation and agricultural growth, Cross River State Governor, Senator Bassey Otu, has hosted the Malaysian High Commissioner to Nigeria, His Excellency Aiyub Bin Omar, in Calabar.

The high-level diplomatic engagement focused on enhancing bilateral trade and deepening collaboration in the agricultural sector, particularly in oil palm development. Welcoming the delegation at the Governor’s Office, Governor Otu highlighted the historical...

Indonesia to export 2,000 tons rice to Malaysia in B2B deal

Indonesia to export 2,000 tons rice to Malaysia in B2B deal

Jakarta (ANTARA) - Indonesia will export 2,000 tons of rice per month to Malaysia, with the commodity primarily sourced from West Kalimantan, the province closest to the neighboring country. Agriculture Minister Amran Sulaiman announced on Friday that the rice export...