Industry News

Russia Enters ‘counter-Terrorist’ Mode In Response To Ukraine Attack. Russia has sent reinforcements, including tanks and missile launchers, to the Kursk region. It has implemented a “counter-terrorist operation” regime in three regions in an attempt to prevent sudden cross-border incursions by Ukrainian troops. Authorities in the Kursk, Belgorod, and Bryansk regions, which border Ukraine, can

Iran Oil Finds New Destinations In Tehran Export Push According to sources and shipping data, Iran has sent small amounts of crude to new destinations, including Bangladesh and Oman. This is the latest sign that Tehran is seeking to keep output near five-year highs. Oil sales are a major source of revenue for Iran, which

A massive explosion rocked the Beilun No. 2 container terminal in Ningbo, China, when the Taiwanese cargo ship YM Mobility, carrying dangerous goods, detonated. The blast occurred at the Beilun Port section of Ningbo Zhoushan Port in Zhejiang Province, sparking a fire that has since been brought under control. Thankfully, no casualties have been reported.

Fed. Olsen Express has become the first shipping company in the world to use an advanced artificial intelligence (AI) system to detect objects at sea. The new system installed on the Bajamar Express trimaran uses multi-target thermal cameras and radar signal processing. To improve safety by detecting surface objects at short and medium distances. Furthermore,

The United States, Australia, Canada, and the Philippines held air and sea exercises on Wednesday. They said it was an effort to strengthen the rule of law in the disputed South China Sea, where China is increasingly asserting its territorial claims. In an apparent response, China said it conducted combat air and sea patrols the

Greenland’s Ice Sheet Weaker Than Expected Due To Climate Change The ice sheet may be more sensitive to human-induced climate change than previously thought, a new study suggests. Understanding Greenland’s geological history is crucial to predicting rising sea levels due to global warming. The authors say that its ice contains enough water to cause a

The world’s largest sailing cargo ship, Anemos, has set sail from Concarneau in southern Brittany. The flagship vessel, developed by TransOceanic Wind Transport (TOWT) and built by PIRIOU Shipyard, will arrive in Le Havre early next week. After completing cargo operations, Animus will depart for New York City on August 20, 2024. The delivery of

Mediterranean Shipping Company (MSC) has achieved an unprecedented 19.8% market share, the highest share ever achieved by a shipping company, according to Alphaliner. The Geneva-based shipping company has added around 400,000 TEUs to its fleet this year, increasing its operating fleet share to a record level at the end of July. This achievement surpasses Maersk’s