The International Monetary Fund (IMF) one of Cyprus' international lenders in the 2013 bailout, has praised the "impressive recovery” of the eastern Mediterranean island's economy, but also issued a warning about legacy issues.An IMF statement
View ThisCaribbean specialist Geest line is quitting Portsmouth for Dover in the UK as it expands its fleet.Geest Line is switching its port of call from Portsmouth to Dover after 16 years of calling at Portsmouth as a revised schedule requires the weekend d
View ThisThe Qinhuangdao Port Co said it has seen annual overall throughput rise 22% in 2017 to 380.6m tons at all the ports in its portfolio.The company said in a statement that the biggest rise was at its main Qinhuangdao Port, which rose 32% to 237.7m ton
View ThisThe US Navy has joined the search for 32 missing from collision between an NITC tanker and a bulker off Shanghai at the weekend.The US Navy has sent a P-8A aircraft to help search for the 32 seafarers missing from the tanker Sanchi, which caught fir
View ThisThe joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries to build a $5.2bn mega-yard in Saudi Arabia has been officially launched.The joint venture International Maritime Industries (IMI) will enable Saudi Aramco to sourc
View ThisDubai Maritime City Authority’s (DMCA) Maritime Advisory Council has completed the initial phase of developing an integrated framework for the partnership between government and private sectors.The two-year phase of work marks the conclusion o
View ThisDP World is on track to see 10% volume growth in 2017 while positioning itself well for the future with investments of over $1bn over the course of the year.The global port operator said in a press release that growing global trade opportunities, di
View ThisThe NITC suezmax Sanchi that collided with a bulker off Shanghai is in danger of exploding.Fire continued to rage on the Iranian tanker that collided with the bulker CF Crystal on Saturday evening.The body of crew member from the vessel has been fou
View ThisThe Suez Canal Authority (SCA) is extending toll discounts for dry bulk vessels until the end of 2018.In a circular the SCA said there would be a 75% discount on Suez Canal tolls, for both laden or ballast vessels, leaving from or heading to South W
View ThisAlready hampered by heavy snowfall across wide swathes of the country last week which affected deliveries of key commodities such as thermal and coking coal and liquefied natural gas (LNG), China looks set for more supply issues as a cold front brin
View ThisA consortium of Mitsui-linked Japanese companies will work on floating production storage and offloading (FPSO) vessel project for Petrobras.Mitsui, MOL, Marubeni and MES will jointly invest in the Modec-led project for the 21-year long term charter
View ThisAN Iranian oil tanker, the Panama-registered Sanchi, that collided with a Hong Kong-registered freighter in the East China Sea last Saturday evening was still ablaze yesterday morning, as emergency rescue teams continued to search for the missing crew,
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