Bandar Abbas Explosion: Geopolitical Flashpoint Disrupting Iran’s Maritime Growth?
The explosion at Shahid Rajaee port on April 26 has significant geopolitical implications, given the port’s strategic location. The blast has significant implications for Iran’s “dark fleet” operations, its sanctions evasion through oil and energy exports to China, and the broader shipping industry, particularly in the volatile geopolitical environment of the Strait of Hormuz. This […]
Trump’s market distortions will skew demolition market
Uncertainty and market defamation are the hallmarks of Donald Trump’s tariff and port fee policies, but with a growing over-capacity challenge, the distortion may see vessels due for the scrapyard maintained to service US ports. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t […]
Cairn hires EMGS for 3D survey off India
Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has been hired by India’s Cairn Oil & Gas to conduct a 3D controlled source electromagnetic survey for its exploration campaign in the deepwater Krishna-Godavari block on India’s east coast. Cairn will be one of the first companies in India to utilise 3D CSEM survey technology, which is […]
Mawani and Alissa Universal Motors to develop US$80 million logistics park
The Saudi Ports Authority (Mawani) has signed an agreement with Alissa Universal Motors, a subsidiary of Abdullatif Alissa Group Holding, for the establishment of a logistics park at King Abdulaziz Port in Dammam, Saudi Arabia. The project involves an investment of up to SAR 300 million (US$80 million) and will cover an area of 382,000 […]
Massive Explosion at Iran’s Largest Port Kills at Least 40, Injures 1,200
At least 40 people have been killed and around 1,200 injured following a massive explosion at Shahid Rajaee Port, Iran’s largest container port, near the southern city of Bandar Abbas. The blast occurred on Saturday morning, April 26. Port of Shahid Rajaee is one of the two parts in the port of Bandar Abbas, southern […]
What Is Time Theft, and How Can It Be Prevented
Time theft is a common issue in many industries. Basically, staff use all sorts of methods to trick their employees without suffering any consequences. The odds of time theft increase as staff experience burnout or unfair working conditions. However, there are those who’d still be from the company, no matter what. In this article, we’ll […]
CEVA Logistics to acquire Turkey’s Borusan Tedarik for US$440 million
CEVA Logistics, the logistics arm of French shipping giant CMA CGM, has signed a binding agreement to acquire 100% of Turkish logistics provider Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi. The deal, valued at approximately US$440 million, is subject to customary net cash and working capital adjustments. Borusan Holding currently owns 69.47% of Borusan […]
Second edition of Geneva Dry opens today
The second edition of Geneva Dry, the world’s premier commodities shipping conference, opens today with a record attendance and delegates keen to hear what’s in store for the global trade outlook in the coming 12 months following a turbulent start to 2025. With 819 registered delegates, organisers had to turn away more than 100 requests […]
Oman’s Asyad Shipping sets new VLCC pricing benchmark with $205m double swoop
Cash-rich Asyad Shipping, formerly known as Oman Shipping Co, has completed a deal for a pair of VLCCs, the first modern supertankers to change hands for 11 months. Brokers link Asyad Shipping to the acquisition of the 2020-built sisterships, Landbridge Wisdom and Landbridge Glory. The ships were built at Dalian Shipbuilding and have gone for […]
CMA CGM strengthens position in Turkey with $440m logistics acquisition
CEVA Logistics, a subsidiary of French liner CMA CGM, is buying Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi, a Turkish outfit, for $440,. The deal, which includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals. Mathieu Friedberg, the CEO of CEVA Logistics, […]