US Maritime Protection Mission in Red Sea Joined by 9 Nations
The U.S Secretary of Defense has announced the launch of a coalition of those countries that are willing to protect maritime trade in the Red Sea
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Naval Escort Operation in the Red Sea Led by US
Due to attacks on merchant shipping by Iranian-backed Houthis in the waters surrounding Yemen in recent weeks trade between Europe & Asia has slowed
Egypt: 55 Vessel Diversions Since Nov Amid Growing Strains
The Suez Canal Authority of Egypt disclosed that they are vigilantly observing the repercussions of escalating tensions in the Red Sea.
FPSO Atlanta: Yinson's Fleet Addition Poised for 2024 Launch
In a grand event at Dubai Drydocks World on December 13, 2023, Yinson Production warmly welcomed the latest jewel in its crown, the FPSO Atlanta.
Russia Has a New Oil Trade Route
In light of impending Western sanctions against Moscow, Russia appears to have discovered a new method of selling oil: El Hamra oil port, Egypt.
Iranian Tanker to Recover US-Confiscated Oil Cargo
Iranian-flagged ship moored off Piraeus is anticipated to return to Iran this week with a portion of its cargo that the USA had taken away.
Israel Sells Haifa Port for $1.2 Billion
Israel sells major trade hub on the Mediterranean coast Haifa Port. India’s Adani Ports & Gadot win bid for 4.1 billion shekels ($1.18 billion).
Families of Beirut Port Victims File Lawsuit in US
Family of the victims of Lebanon’s 2020 port blast filed a $250m lawsuit in Texas against a US firm for its suspected links to the tragedy.