January 3, 2023
Ship Recycling: Happy New Cheer

Ship Recycling: Happy New Cheer

As we close out another year, sub-continent markets remain suspended at their weakest point for some time now. Pricing remains firm (given the historical price average has been around $350/LDT or so), but sentiments and conditions on the ground…
January 3, 2023
GTT Ceases Its Activities in Russia

GTT Ceases Its Activities in Russia

French engineering group Gaztransport & Technigaz (GTT) said on Monday it was stopping its activities in Russia after analyzing the latest European sanction packages which include a ban on engineering services with Russian firms.The group said…
January 3, 2023
Maersk Completes Acquisition of Logistics Firm Martin Bencher

Maersk Completes Acquisition of Logistics Firm Martin Bencher

Danish shipping giant A.P. Moller - Maersk (Maersk) announced it has completed its $61 million acquisition of Danish project logistics company Martin Bencher Group.“With the addition of Martin Bencher, we are strengthening our ability to offer…
January 3, 2023
Iran Holds Naval Drills in the Gulf

Iran Holds Naval Drills in the Gulf

Iran held joint naval, air, and ground exercises in the Gulf on Friday near the strategic Strait of Hormuz waterway, state media reported.The drills involve submarines and drones "practising information-gathering operations against attacking forces…
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