Ship with 64 passengers on board sinks off Yemen coast

Aden - A passenger ship carrying more than 60 passengers, including women and children, sank while sailing to Socotra island in the Indian Ocean from Hadramout province in mainland Yemen.


Iran to sell oil at $50 per barrel next year

Tehran - Iran expects to sell its crude oil at around $50 per barrel over the next Iranian calendar year that starts on March 21, 2017.


Petlim container port to be commissioned this week

Istanbul - Petlim will be the third largest port in Turkey and the largest port in the Turkish part of the Aegean Sea.


281 ships transit the Suez Canal in 6 days carrying 15.8m tonnes

Cairo - An average of 46.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day.


Korean shipyards invest In automation

Seoul - As offshore drilling and production units become more complex, shipyards have to evaluate and update processes and tools.

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