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Royal Caribbean orders its sixth Oasis ship

Miami - The American cruise company Royal Caribbean International has confirmed the order for Chantiers de l’Atlantique, according to a previous option agreement, to build a new Oasis-class cruise ship, due for delivery in the fall of 2023

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WTO warns of global trade slowdown as indicator hits nine-year low

Geneva - A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday

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Turkmenistan slashes oil exports

Moscow - Turkmenistan exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE’s ENOC and Italy’s Eni, but flows have halved in recent weeks

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European lawmakers say NordLB rescue may involve State aid

Brussels - The recapitalization of Germany’s NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday

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Moody’s upgrades Hapag-Lloyd’s rating

Hamburg - Rating agency Moody’s has upgraded Hapag-Lloyd’s corporate family rating (CFR) to B1 from B2 and its senior unsecured bond rating to B3 from Caa1. The outlook remains stable.

Rail traffic at the port of Gothenburg rises by 13%

Rail traffic at the port of Gothenburg rises by 13%

Gothenburg - The Swedish town of Gothenburg has seen its rail-borne container volume to and from its port rise by 13% in 2018. Volume growth intensified during the year and was strongest during the final quarter with an increase of 27 per cent

We proudly present: nominees for the FRUIT LOGISTICA Innovation Award 2019
Brexit, Honda to close UK plant with the loss of 3,500 jobs
Workers at Port Sudan container terminal strike over concession deal
Spanish warship ordered ships to leave British waters near Gibraltar
U.S. justice sentences Interorient

U.S. justice sentences Interorient

Washington - The Western District of Lousiana has convicted and sentenced Interorient Marine Services Limited to pay a 2 million dollars fine for maintaining false and incomplete records relating to the discharge of oil

Wreck of sunken Stellar Daisy found

Wreck of sunken Stellar Daisy found

Seoul - Ocean Infinity, the next generation seabed survey and ocean exploration company, has successfully located the wreck of the lost South Korean tanker, Stellar Daisy, at a depth of 3.461 meter in the South Atlantic Ocean

Thyssenkrupp launches first U-Boot for Singapore
France denies it has softened stance on Brexit
Libya dreams of mega port in history-laden east

Libya dreams of mega port in history-laden east

Sisah - Texas-based security firm Guidry Group confirmed to Reuters it planned to sign a 35-year deal to build and operate the project in a region once occupied by the ancient Greeks, before handing it back to the local authority.

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