Somali pirates demand ransom, move hijacked ship to undisclosed location 

Pirates who hijacked an Indian cargo dhow with 11 crew on board have moved the ship…

U.S. trade deficit falls as exports hit two-year high

The U.S. trade deficit fell more than expected in February as exports increased to a two-year…

Oil seed processors decry smuggling of vegetable oil through land borders

The Oil Seed Processors Association of Nigerian (OSPAN) has decried the smuggling of finished vegetable oil…

AON kicks against NCAA on revenue automation, says agency not transparent

Airline Operators of Nigeria (AON) condemned the planned sanctioning of its members by the Nigerian Civil…

Greece to seek upping of Thessaloniki port bids

Greece will ask for improved financial bids from the companies running to operate the country’s Thessaloniki…

Japan’s Kawasaki moves merchant ship construction to China

Japan’s Kawasaki Heavy Industries (KHI) is to shift merchant ship construction from Japan to China and…

Seadrill drops to record low after warning shareholders on losses

Seadrill Ltd, the offshore driller controlled by billionaire John Fredriksen, fell 38 percent after warning its…

Suez Canal cuts tolls for dry bulkers

The Suez Canal Authority is offering a discount to dry bulk vessels with the aim of…

Singapore, Japan collaborate on ports development 

Singapore and Japan have signed a memorandum of cooperation (MOC) for the planning, management and technological…

Gulf Navigation planning to raise $250m through Islamic bond issue

Dubai-based shipper Gulf Navigation is planning to raise $250m (AED 918.2m) in capital through the issuance…

Cyprus: Dubai Ports to resume talks with unions to resolve labour dispute

Limassol port stevedores postponed on Monday night for two days the strike they announced earlier in…

Adani Ports sets sights on Malaysia

India’s private port operator Adani Ports has signed a Memorandum of Understanding with Malaysia’s MMC Port…