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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...

Local News

DSV opens Singapore facility to boost logistics with Johor

DSV opens Singapore facility to boost logistics with Johor

Danish logistics giant DSV has launched a new facility in Singapore aimed at strengthening cross-border logistics with Malaysia. The Redlion2 facility will support the flow of goods across the Causeway and work in tandem with DSV’s Sunway City warehouse in Johor. The...

New tariff increases leave optical industry bracing for impact

New tariff increases leave optical industry bracing for impact

With letters having recently been sent from the White House to several US trading partners about tariff increases set to take effect on August 1, The Vision Council has noted “significant implications for the optical industry’s international supply chains and bottom...

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....