World
Eugenia Daskalopoulos, Founder of Almi Marine, Passed Away
Eugenia Daskalopoulos, founder and president of Almi Marine, passed away while surrounded by her family. She transformed...
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Economy
Hyuk Kwon Introduced Five Oil Tankers as Collateral for His $277 Million Tax Debt Settlement
Hyuk Kwon, the founder of Cido Shipping, introduced five oil tankers as collateral to settle his $277 million tax debt i...
Oil and Petrochemicals
PIF Energy Announces $2 Billion VLCC Tanker Purchase Program
PIF Energy plans to purchase 15 crude oil tankers worth $2 billion. This move is aimed at securing transportation capaci...
Economy
Germany Blocks COSCO's 80% Purchase of Konrad Zippel Transport Company
The German government announced that it blocked COSCO Shipping's 80% purchase of Konrad Zippel Transport Company due to...
Oil and Petrochemicals
Establishment of the new shipping company FT Ebisu Maritime in Tokyo
FT Ebisu Maritime has been established as a shipbuilding service provider in Tokyo. The company will collaborate with Ta...
Analysis
Iran Turns to New Solutions Amid Global Diesel Shortage
The global diesel shortage due to sanctions and political crises has pushed Iran towards new solutions. Analysts believe...
Economy
Munich Recognized as the New Shipping Hub of Europe
Munich is emerging as a new center for investors and shipowners in Europe, with new faces entering this growing sector....
Analysis
Sadat-Midani: Suspension of Transit Passage Through the Strait of Hormuz in Conditions Threatening the Survival of the Country
Sadat-Midani emphasized the importance of suspending the right of transit passage through the Strait of Hormuz in condit...
Exclusive Report
The Deputy Governor of Hormozgan Highlighted the Necessity of Clarifying the Importance of the Strait of Hormuz
The political, security, and social deputy governor of Hormozgan emphasized that the Strait of Hormuz must be thoroughly...
Analysis
1.3 Million Barrels of Diesel Exported from South Korea to Russia and Diplomatic Tension with Ukraine
The export of diesel from South Korea to Russia in July and August has heightened diplomatic tensions between Seoul and...
Oil and Petrochemicals
Rockhopper Secures $44 Million Investment for Falkland Islands Offshore Project
Rockhopper Exploration has acquired a 35% stake in FPSO OSX-1 for the development of the Sea Lion field in the Falklands...
Oil and Petrochemicals
25% Decrease in Oil Production in the Gulf of Mexico Due to Hurricane Isaias
More than a quarter of oil production in the Gulf of Mexico has been halted due to Hurricane Isaias. Major oil companies...