The Islamic Republic reiterated that any attack on it by the United States would face a "crushing" response

Iran's Guards launch aircraft carrier-scale warship amid tensions with U.S.

Antagonism between longtime foes Tehran and Washington has risen since 2018, when President Donald Trump withdrew the United States from world powers' 2015 nuclear deal with Iran and reimposed sanctions that have crippled the Iranian economy.

Covid

Container freight rates soar on consumer goods boom

Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic

Covid

Maersk confident about recovery beyond 2020

Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes

The IMO

UN approves extra steps to curb emissions

The United Nations shipping agency on Tuesday approved measures to boost energy efficiency in vessels as part of efforts to reduce the industry’s carbon footprint

The German group

Eurokai's traffic slowing down

In the third quarter of this year the port terminals belonging to Eurokai have handled a container traffic equal to 2.77 million teu, with a decrease of -4.9% on the corresponding period of 2019. 

The port

Hong Kong gains ground

Last month the container traffic in the port of Hong Kong was equal to 1.56 million teu, with a slight increase of + 0.7%

More than $ 50 billion loss

UN agencies support resumption of cruise ship operations

London - The International Maritime Organization (IMO) and the World Tourism Organization (UNWTO) have expressed their support for the safe resumption of cruise ship operations following the COVID-19 pandemic. In a joint statement, the organizations also encouraged their member states and relevant national and local authorities to designate all seafarers and marine personnel within their jurisdictions as key workers

After Albayrak and Uysal

Turkey's new economic chiefs need new crisis playbook / ANALYSIS

London - Turkey's two new economic czars will need a fresh crisis playbook if they are to keep the lira and the economy from plunging into deeper turmoil. The shock departure of finance minister Berat Albayrak, who is President Tayyip Erdogan's son-in-law, and central bank chief Murat Uysal over the weekend gave the lira its best day in over two years on Monday

For Donbass

Ukraine expects $100 mln loan from World Bank

Kyiv - Ukraine will receive a $100 million loan from the World Bank to finance the recovery of the eastern Donbass region badly hit by a six-year military conflict with Russia-backed separatists, the Ukrainian president said on Saturday. In a Twitter post, President Volodymyr Zelenskiy expressed gratitude to the World Bank "for supporting Ukraine's territorial integrity."

Mangiarotti (MedCruise)

"Mediterranean needs a single health protocol" / INTERVIEW

Cagliari - Valeria Mangiarotti, lawyer, has recently been vice-president of MedCruise, the association that brings together the cruise ports of the Mediterranean, under the new mandate of Aris Batsoulis. Not entirely a new entry, that of Mangiarotti, who had already held this position in the past. COVID 19  and environment in her agenda

Fight against the virus

Fincantieri intalls air sanitation system on MSC ships

Trieste - Fincantieri, in close cooperation with the virology lab of the International Center for Genetic Engineering and Biotechnology, ICGEB, has developed an innovative next-generation air sanitation system called "Safe Air", which will further significantly improve the quality and cleanliness of the air on board cruise ships

In step towards emissions target

Gabon signs hydropower deal

Libreville - Gabon and Paris-based asset manager Meridiam signed a $210 million deal to build a hydroelectric dam as part of the central African nation's international commitment to reduce greenhouse gas emissions. Once operational in 2023, the Kinguele Aval project on the Mbei River is slated to have production capacity of around 205 gigawatt hours per year, or 13% of the current consumption of the capital Libreville, 100 kilometres to the west

To help cut budget deficit

Sudan doubles domestic fuel prices

Khartoum - Sudan doubled domestic fuel prices on Tuesday, a move that should help reduce a gaping budget deficit but is sure to anger many of the country’s impoverished citizens. The government, which has long fixed fuel prices at some of the lowest levels in the world, raised the price at the pump of locally produced diesel to 46 Sudanese pounds ($0.8364) a litre from the previous 23 pounds

Due to political crisis

Ivory Coast cocoa port arrivals plunge

Abidjan - Cocoa arrivals at ports in Ivory Coast tumbled this week due to a violent political standoff following a disputed presidential election in the world's top growing nation. The delivery of cocoa beans to Abidjan and San Pedro ports between Monday and Wednesday were estimated 29,000 tonnes

As lira slides

Turkey's Erdogan ousts central bank governor

Istanbul - Turkish President Tayyip Erdogan fired central bank governor Murat Uysal on Saturday and replaced him with ex-finance minister Naci Agbal, acting after a 30% plunge in the lira currency's value to record lows this year

Arctic route

A $300 million order for ABB

ABB has secured a $ 300 million order from Daewoo Shipbuilding & Marine Engineering Co. to supply propulsion and power generation systems for six new vessels that will be used for the transport of liquefied natural gas 

China's busiest port

Ningbo's traffic grows

Ningbo Zhoushan recorded a 22.9% year-on-year increase in rail and sea freight cargo volume in the first 10 months of the year, announced by China Railway Shanghai Group Co. Ltd

As Adriatic Metals digs in

Bosnia's mountain minerals offer hope / FOCUS

Vares - In a remote mountain town with a history of mining that dates from Roman times, hopes are high that British mineral company Adriatic Metals will bring jobs and spur some of the economic revival Bosnia craves. Foreign direct investment in the country had already fallen as bureaucracy deterred investors. In the first half of this year, it was down nearly 50% compared with a year ago as the pandemic paralysed economic activity

If Karabakh talks fail

Azeri leader says he will fight "to the end"

Baku - Azeri President Ilham Aliyev said on Sunday his troops would "go to the end" should negotiations fail to result in an agreement by ethnic Armenian forces to withdraw from Nagorno-Karabakh and seven surrounding regions. Aliyev spoke during a meeting with Turkish Foreign Minister Mevlut Cavusoglu in the Azeri capital Baku