After two years of record results driven by a surge in volumes, capacity constraints, and port delays, the container shipping industry is starting to show the first signs of weakening. …

Turkey’s state-owned petroleum company has reportedly reached an agreement with DSME to buy a 2015-vintage drillship which was never delivered. According to Turkish news outlet Yeni Safak, Turkish oil and …

A new partnership of 18 leading companies in shipping and consumer goods is working with the GoodShipping initiative to substantially reduce emissions from the cargoes they ship. The cargo owners …

Oilfield services provider Baker Hughes and oil major Shell have joined forces to speed up the energy transition and reach net-zero carbon emission goals, in a push to decarbonise the …

Iranian naval forces are reporting for the second time in less than a month that they have successfully prevented a suspected pirate attack on one of Iran’s oil tankers in …

Norway’s oil production in July 2021 was on par with predictions made by the Norwegian Petroleum Directorate (NPD). Preliminary production figures for July 2021 show an average daily production of 2,035,000 barrels …

After months of reported progress on reducing the backlog at the two largest ports in Southern California, the congestion has again spiked to record levels. The Marine Exchange of Southern …

After months of dramatic increases in the level of retail imports, the volumes are now expected to level off and decline from a peak projected to arrive at the major …

Two weeks after declaring that the international container terminal at Yantian was resuming full operations, there are signs that some of the disruption and backlog are easing across the global …

On 31th May 2020, certain media groups published articles containing a number of allegations which are false and that aim to damage the business reputation of Palmali. We as the …

An arrest warrant has been issued on Azerbaijani – Turkish businessman Mubariz Mansimov Gurbanoglu, detained in Istanbul, Turkey. The founder and owner of the Palmali Group finds himself accused of having …

t can no longer be ruled out that the container shipping industry might be looking at developments similar to the financial crisis of 2008, SeaIntelligence said, referring to the impact …