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Five Algerian billionaires arrested

Algiers - Five Algerian billionaires,some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, Algerian state TV said on Monday. The five are Issad Rebrab, considered the richest businessman in the energy-rich north African nation

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Ukraine enters uncharted new era / FOCUS

Kiev - Ukraine entered uncharted political waters on Monday after near final results showed a comedian with no political experience and few detailed policies had dramatically up-ended the status quo and won the country’s presidential election by a landslide

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EU urges new Ukraine leader to push reforms

Brussels - The European Union delivered formal congratulations to Ukraine’s novice president elected on Monday but made clear it expects TV comic Volodymyr Zelenskiy to pursue halting reforms, including fighting corruption

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Cosco confirms order of 10 Newcastlemaxes

Shanghai - China Cosco Shipping has officially signed shipbuilding contracts for the construction of up to ten 210,000 dwt newcastlemax bulkers at Cosco Shipping Heavy Industry. The order, which is made up of eight firm vessels and two optional vessels, is Cosco’s first batch of Newcastlemax newbuildings

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China to show new warships

Beijing - China will show off new warships including nuclear submarines and destroyersat a parade next week marking 70 years since its navy’s founding, a senior commander said on Saturday, as Beijing flexes its increasingly well-equipped military muscle

The Shipowners’s Club slips in the red zone
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Denmark uses drones to detect emissions
Shipbuilders make a deal on connectivity
Shipping industry welcomes EU’s step towards less bureaucracy
Vard delivers Ponant cruise vessel
Freight throughput in Rotterdam grows by 5.1%
A 4 million dollars penalty to D’Amico Shipping
“Our mission is to guarantee the safety of Savona”/ INTERVIEW
Novatek starts shipping LNG from new plant

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