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Channel closure in Abu Dhabi

Due to ongoing development activities on Hudayriyat Island, the Hudayriyat channel crossing closed for all marine traffic from 20 May till 20 November. All...

Glencore pleads guilty to decade of bribery and manipulation

Glencore admits to bribery and market manipulation and enters settlements for USD 1.5bn, concluding long-time probes into the company which revealed intent to pursue...

Frontline: “Very limited new supply of oil carrying capacity in years to come”

  Frontline reported unaudited results for the three months ended March 31, 2022. Highlights • Net income of $31.1 million, or $0.15 per basic and diluted share...

Crowley inaugurates LNG facility in Peñuelas, Puerto Rico

Strategic LNG hub expands sustainable energy for customers in the Caribbean Crowley on Tuesday inaugurated its state-of-the-art LNG Loading Terminal in the southern town of...

Diana Shipping Reports Q1 Financial Results

Diana Shipping reported net income of $26.0 million and net income attributed to common stockholders of $24.6 million for the first quarter of 2022....

Port of Long Beach, AWS Collaborate to Improve Cargo Data

AWS to power ‘Supply Chain Information Highway’ to increase transparency, predictability in goods movement The Port of Long Beach announced on Tuesday that Amazon Web...

PH GDP growth forecast cut to 7-8% this year

The Development Budget Coordination Committee said the revision factored in risks stemming from the Russia-Ukraine war, China’s slowdown, and monetary normalization in the US. ...

Players in Portugal await news about auctions, framework for offshore wind

In March 2022, Portugal’s Minister of Environment and Energy Transition said the country’s first auction for commercial-scale offshore wind would take place later in...

Star Bulk Reports Net Profit of $170.4 Million for the First Quarter of 2022

  Star Bulk, a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the first...

Watch: Four Ways That Businesses Can Prepare for the Next Black Swan Event

Barry Kukkuk, chief technology officer with Netstock, details four steps that companies can take to prepare for the unpredictable. The term “black swan” was coined...
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