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TRANSPORT
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…
Significant Bunker Price Gaps Persist Across Global Ports
📍 SeaNews | July 28, 2025-New data on global bunker fuel prices as of July 28, 2025, shows continued sharp discrepancies across major ports worldwide. The report compares prices for three key marine fuels: HSFO (High Sulphur Fuel Oil), MGO…
Russia and Kazakhstan Launch $6.4 Billion Dredging Project to Save Northern Caspian Offshore Oil…
The water level of the Caspian Sea has fallen to its lowest point in recorded history, particularly affecting the northern parts of the sea. This unprecedented decline has severely restricted the navigability of traditional shipping routes…
Red Sea: From Soaring Insurance Premiums to Exclusion of Israel-Linked Ships from Insurers’…
According to SeaNews, quoting Reuters, shipping insurance costs for transiting the Red Sea have surged significantly following recent attacks by Yemen's Houthis on two vessels linked to Israel, which resulted in the…
The Sea Holds the Capacity to Bridge the Development Gap in Underprivileged Regions
Part Two of Dr. Masoud Polmeh’s Interview, Secretary-General of the National Association of Shipping, on IRINN’s “Economic Desk” Program
UN Report on Global Ocean Trade: The Rise and Fall of the Sea!
Sea News – International ServiceThe ocean economy, one of the fastest-growing pillars of global trade, has played an unprecedented role in employment, food security, and economic diversification of countries in recent years. A new UNCTAD…
Modern Wind-Assisted Vessel Unveiled in Oman
Sea News – International Desk- The global maritime industry is witnessing a new wave of innovation. In the Port of Sohar, Oman, the logistics group Asyad has unveiled the Sohar Max—a next-generation vessel equipped with five rotor sails…
Return to the Red Sea? Maybe Another Time!
Following the announcement of a ceasefire between Hamas and Israel, two major shipping companies, Maersk and Hapag-Lloyd, have announced that they will not immediately return to the Red Sea. These companies emphasized that they will closely…
Prohibition of entry for sanctioned oil tankers into Shandong ports in China!
According to international trade sources, the Shandong Port Group in China’s Shandong Province has decided to ban the entry of oil tankers subject to U.S. sanctions. This province, recognized as one of China’s key hubs for crude oil…