News

Global News

Explosion Reported on Crude Tanker Off the Coast of Libya

Explosion Reported on Crude Tanker Off the Coast of Libya

A Greek-managed crude tanker has suffered an explosion at a position off the coast of Libya, according to maritime security consultancy Vanguard.  In an advisory, Vanguard said that the 158,000 dwt tanker Vilamoura suffered a possible security incident at a...

Pilbara Ports Launches Roadmap for Ammonia Bunkering

Pilbara Ports Launches Roadmap for Ammonia Bunkering

Australia’s Pilbara Ports Authority has launched a clean fuel bunkering roadmap that is intended to position the region as a global leader in maritime decarbonization. The roadmap explores the creation of Australia’s first ammonia fuel bunkering hub in the...

Singapore Responds to Fire Aboard Tanker in Anchorage

Singapore Responds to Fire Aboard Tanker in Anchorage

  The Singapore Civil Defense Force is reporting teams from two of its stations responded to reports of a fire aboard a smaller tanker in the eastern anchorage of the port. The fire was quickly controlled with no reports of injuries. According to the report...

First Large Boxship Transits Suez Canal in 15 Months

First Large Boxship Transits Suez Canal in 15 Months

The Suez Canal Authority is highlighting the transit of the CMA CGM Osiris (15,536 TEU) through the Suez Canal on June 18 as the first large containerships through the canal in more than a year. The authority is calling it a new phase in its efforts to...

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...

Local News

Sepanggar welcomes Singapore shipping route

Sepanggar welcomes Singapore shipping route

Kota Kinabalu: Sapangar Bay Container Port (SBCP) welcomed the maiden call of the Ji Yun 16, operated by Warisan Shipping Line under its newly launched Singapore Express Service. The service connects Muara – Sapangar – Singapore – Muara on a regular schedule,...

Finance Minister II : Budget 2026 will address cost of living

Finance Minister II : Budget 2026 will address cost of living

PUTRAJAYA: The government’s upcoming 2026 Budget will focus on safeguarding public welfare while addressing structural economic challenges, said Finance Minister II Datuk Seri Amir Hamzah Azizan. Speaking at the opening of the Budget 2026 consultation sessions here...

Focus On US Tariff Impact On Asia

Focus On US Tariff Impact On Asia

After US President Trump’s 1 August tariff deadline came to an end and as investors watch what will happen in the US-China trade talks, Swiss private bank Julius Baer shares its insights on the impact on Asia’s asset allocation and economies. After the market...

Top global leaders to attend Asean Summit

Top global leaders to attend Asean Summit

CYBERJAYA: Prime Minister Datuk Seri Anwar Ibrahim has announced the attendance of an unprecedented gathering of global leaders at the Asean Summit, including US President Donald Trump, Brazilian President Luiz Inacio Lula da Silva, South African President Cyril...