Beirut's blast destroyed Lebanon's only large grain silo, with plans for another in the country's second biggest port Tripoli shelved years ago due to a lack of funding
Fuel spilling from a Japanese bulk carrier that ran aground on a reef in Mauritius two weeks ago is creating an ecological disaster
Istanbul - Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Tayyip Erdogan hired him to lift Turkey out of a recession and currency crisis. A year later with the COVID-19 pandemic now crushing the lira, some traders and analysts say they think Uysal will instead hike rates to head off a deeper crisis
Beirut - French President Emmanuel Macron promised angry Lebanese crowds in shattered Beirut that aid to rebuild the city would not go to „corrupt hands“ and he urged the political authorities to carry out reforms or risk plunging Lebanon deeper into crisis.Macron was speaking during the first visit by a foreign leader to the Lebanese capital since the biggest blast in its history tore through the city
Beirut - Lebanon's main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month's reserves of the grain but still with enough flour to avoid a crisis, the economy minister said on Wednesday
Mumbai - Three cranes collapsed at India's largest container port on the outskirts of Mumbai due to strong winds on Wednesday, police and port officials said. Heavy rainfall has hit India's west coast since Monday night
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down
Greece and Tunisia will sign an agreement on maritime transport. The agreement will be signed on the occasion of the visit to the African nation by the Foreign Minister of Athens, Nikos Dendias
Chesapeake Energy, the emblem of the American revolution for shale, is facing bankruptcy following the collapse of oil and gas prices linked to coronavirus
The Danish group DFDS, which operates freight and passenger transport services with a fleet of ferries and logistics services, announced its intention to cut 650 jobs due to the impact on the activities of the Covid-19 pandemic
Asian spot liquefied natural gas prices remained steady this week on a continued stream of spot supply even though traders continued to cancel cargoes loading from the United States due to poor economics
The international shipping and aviation sectors’ 2030 climate targets are too weak and their emissions are on course to reach dangerous levels despite the impact of the COVID-19 pandemic
The world’s largest container shipper, A.P. Moller-Maersk MAERSKB.CO, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry
London - Chocolate fans will not necessarily benefit from predictions of a fall in cocoa prices this year. A Reuters poll of London cocoa futures published on Monday forecast cocoa would cost 10% less at the end of the year
Teheran - Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km (2.3 square mile) area, an Iranian maritime official said on Saturday
Baku - Azerbaijan has lowered its economic outlook, projecting its oil-driven economy will shrink by 5% this year from an earlier forecast of 3.8%, the finance ministry said on Saturday. Its updated budget will be discussed next week. The ministry also lowered its 2020 oil price forecast, which it uses to calculate its budget
Vienna - The Austrian economy shrank 10.7% in the second quarter, marking its biggest contraction since the data series began after World War Two, as the coronavirus pandemic hit both domestic and foreign demand
London - The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday. France's Total and Anglo-Dutch Royal Dutch Shell scraped out small profits against expectations of losses
Madrid - Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5% drop wiping out all the post-financial crisis recovery of the last six years, data from National Statistics Institute showed on Friday
Hong Kong - Hutchison Port Holdings Trust (HPHT) has seen its overall container throughput decline and profit fall in the first half due to the severe slowdown in global trade amid the coronavirus (COVID-19) pandemic. From January to June 2020, throughout of HPH Trust ports overall was recorded at 10.28m teu, down 8% year-on-year
London - British officials have seized about £15.2m ($19.4m) worth of cocaine hidden in the floor of a refrigerated container at the London Gateway port in Essex. Border Force officers found 380 kg of the drug in a container carrying bananas from Costa Rica to Germany, after an X-ray revealed an anomaly in the insulation cavity
Athens - Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following countries
Dubai - Polaris Shipping Agencies have shipped out a second rotor set from Khalifa Port in Abu Dhabi to Escombreras Port in Spain. The OOC cargo had shipping dimensions of 12.20 x 4.05 x 3.85m and a unit weight of 95mt. The scope of work handled by Polaris included pre-carriage from the supplier, all origin export requirements and sourcing of a suitable vessel on liner terms hook/hook
The portal and the industry’s most user-friendly digital tools simplify access to operational, technical and compliance fleet intelligence and all ABS Class services to manage the operating health and performance of fleets
Congestion at China’s east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month
The Port of Rotterdam, Europe’s largest sea port, said on Thursday throughput had fallen as a result of the coronavirus pandemic
Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield
Denmark’s A.P. Moller-Maersk, the world’s top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from Septembe
