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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.

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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.

LINK: http://www.presstv.ir/Detail/2016/12/04/496408/Iran-to-sell-oil-at-50-per-barrel-next-year
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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.

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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.

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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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