Did Tanker Market saw a SlowDown ?
Kiyaan Singh
The tanker market supply saw an interesting slowdown in ordering activity in 2025. Over the first 11 months, there were 231 orders of crude and product tankers over 25k dwt,…
Kiyaan Singh
Israel approved $35 billion natural gas export deal
A multibillion-dollar agreement for the export of natural gas from Israel to Egypt. NewMed Energy (45.3% working interest), Chevron (operator, 39.7%) and Ratio (15%) have received approval for their Leviathan…
French Frigates Seize $142 Million in Drugs in Arabian Sea
Two French Navy frigates operating under the Saudi-led Combined Task Force have intercepted more than 150 $142 million worth of illicit drugs from multiple vessels in the Arabian Sea, marking…
Adnai ports completes acquisition of Australia’s North Queensland export terminal
The acquisition was completed through a share-based arrangement, enabling APSEZ to add the asset without significant immediate cash outflow. NQXT is characterised by stable, long-term contracts and strong operating margins,…
22M Grant To Egypt For Building First Of Its Kind Dive Support Vessel For Suez Canal
Japan will provide Egypt a grant worth EGP 1 billion (USD 22 million) to finance the construction and delivery of a first-of-its-kind Dive Support Vessel (DSV) for the Suez Canal…
Reef Grounding Caused Australian Cruise Ship to be Detained in Papua New Guinea
Australian-flagged cruise ship Coral Adventurer remains stuck on the coast of Papua New Guinea after running into a reef early Saturday morning, with Australian authorities detaining the vessel over seaworthiness…
Philippine Navy gets 2 more 3,200 ton frigates from HD HHI
South Korean shipbuilding major HD Hyundai Heavy Industries (HHI) has signed a contract to deliver two 3,200-ton frigates to the Philippine Navy Since 2016, HHI has delivered two frigates and…
one million containers handled by DP world’s Port of Sokhna
DP World’s port of Sokhna handled a record one million containers, making its position a key gateway for Egypt’s global trade. Strategically located on the Red Sea, the port of…
Arctic Shipping Lane Sees Surge in ‘Shadow Fleet’ Traffic
Russia’s Arctic shipping lanes have become a corridor for the global shadow fleet of sanctioned oil and LNG tankers, raising safety, environmental, and geopolitical concerns. 2025, nearly one-third of vessels…
UK C-130J deal with Turkey as £550m export deal
Britain has highlighted the Turkey C-130J programme as part of its record defence export performance, presenting a £550m figure contract value. The UK Government has included the Turkey C-130J Hercules…