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INTERNATIONAL TRADE
Ocean Paradox: MR Tankers Surge as Capesize Dry Bulk Market Falters
The latest weekly report from the Baltic Exchange reveals a polarized maritime market. While long-haul dry bulk rates faced significant downward pressure, product tankers in the Atlantic region witnessed an unprecedented price explosion.…
Singapore Named World’s Top Port
Sea News – International Service – In the latest global container port rankings published by the international institute DNV in collaboration with Menon Economics, Singapore Port has been named the world’s top port. The report evaluated the…
Dubai–Umm Qasr Ro-Ro Line Activated; New Developments at Iraq’s Umm Qasr Port
SeaNews – International Desk – Umm Qasr Port, Iraq’s most important maritime gateway, has witnessed significant developments in recent weeks. These changes are not only impacting the country’s trade but also have the potential to shift the…
Foreign Tanker Carrying 6 Million Liters of Smuggled Fuel Seized in the Gulf of Oman
Sea News – Judicial authorities in Hormozgan province have seized a foreign tanker carrying 6 million liters of smuggled diesel in the waters of the Gulf of Oman.
According to Fars News Agency from Bandar Abbas, Mojtaba Ghahremani, Head of…
A Challenging Week at Sea: Dry Bulk Rates Rise as Tanker Earnings Decline
SeaNews- The Baltic Exchange has released its weekly market report covering Week 49 of 2025*, prepared exclusively for FONASBA associations and member companies. The report outlines key developments across major maritime sectors, including…
Container Ship Charter Rates Decline
SeaNEWS – International Service – The container ship charter market in week 46 of 2025 continues its gradual correction trend, according to the latest assessment of the New ConTex index. Published on November 13, 2025, the report shows that…
Saudi Arabia’s Landbridge Railway: A Strategic Corridor Linking the Gulf to the Red Sea
Sea News – International Desk | Saudi Arabia is moving forward with the Landbridge Railway Project, a 1,500-kilometer rail network connecting the Arabian Gulf to the Red Sea. With an investment of $7 billion, the project goes…
India’s New Maritime Strategy: Foreign Ship Registration, Port Reforms, and Vision 2047
Sea News – The India Maritime Week 2025 held in Mumbai brought together major players and companies in the shipping industry, marking one of the most significant milestones in global maritime transport this…
Tariff War at Sea: China and U.S. Clash Over New Port Fees
SeaNews – Economic tensions between Washington and Beijing have escalated into a maritime tariff conflict. Starting October 14, the U.S. will impose new port fees on vessels built, owned, or operated by Chinese companies. In response, China…
Japanese Shipping Giant ONE Connects Iraq’s Umm Qasr Port to Global Network
Sea News – International Service – Japanese shipping company Ocean Network Express (ONE) is expanding its global service network with the launch of two new international shipping routes: one connecting Indian ports to Iraq’s Umm Qasr and…