Shipping

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re ...

Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the world’...

Turkey has approved development plans for a huge canal on the edge of Istanbul, Environment Minister Murat Kurum said on Saturday, advancing a project which has attracted criticism over its ...

Royal Caribbean International has revealed Jewel of the Seas will be sailing seven-night cruises from Limassol, Cyprus, this summer. Starting July 10th, the vessel will call Cyprus home for the ...

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway as ...

Carnival Corp Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Financial ...

“Businesses in Cyprus support each other. It’s a real community,” comments Despina Panayiotou Theodosiou, CEO at Tototheo Maritime & President at WISTA International in an interview with the Cyprus ...

The 200 King Long high-end city buses that arrived in Cyprus from Xiamen on May 27, 2020 are both stylish and safe for use in the pandemic. In what was the biggest export ...

Fifteen Turkish sailors kidnapped by pirates last month in the Gulf of Guinea arrived back in Turkey on Sunday with tales of psychological torture and intimidation. The ship’s captain ...

Rates for container shipping have skyrocketed up to nine times regular levels, as global container blockages keep goods stuck in ports. There are reports of fruit rotting in containers waiting ...

Irish freight volumes to and from European Union ports doubled in January, the government said on Monday, as many traders shunned the once-speedier route to the continent through Britain due ...

The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From fiscal year 2021, annual tonnage tax will be ...

Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their ...

Food producers in the EU and Europe have expressed alarm about the effect of certain terms in the Brexit deal reached at the end of last year. Sainsbury’s has ...

Rising demand for oil is expected to drive increases in tanker traffic in the coming year, analysts said. Oil demand in the third quarter is estimated at 94 million barrels per ...