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SHIPPING INDUSTRY NEWS
25 dead after cargo ship catches fire in China's port, state media saysTwenty-five people died after a cargo ship caught fire while docked for repairs. The Ocean Melody vessel, sailing under a Liberian flag, ex...- In 2021, UMass Chan dismantled part of its First Road garage for a new research building; 8,445 tons of steel and concrete were reclaimed, 99% by weightUMass Chan Medical School in Worcester has set a remarkable precedent by achieving a 99 percent material reclamation rate during their late...
- Iraq oil exports surge, India set to benefit as Hormuz flows easeIraq's oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage appro...
- Thailand police crack down on prostitution before USS Abraham Lincoln docks at Pattaya after 200 days at seaThe USS Abraham Lincoln is set to dock near Pattaya, Thailand, on Wednesday after more than 200 days at sea, bringing nearly 5,000 sailors ...
- ‘We are out of business’: Founded in 1954, 70-year-old Canadian honey farm faces bankruptcy after 50% US tariff puts 90% of its customers at riskA 70-year-old family-run Canadian honey farm is facing a potential financial crisis after the United States imposed a 50% tariff on Canadia...
- In 2002, Florida sank a 510-foot Navy ship off Key Largo; the USS Spiegel Grove became one of the world's largest purpose-built ship reefsIn 2002, the USS Spiegel Grove, a decommissioned Navy ship, was purposely sunk near Key Largo to form an artificial reef. This innovative a...
- In 2016, Turkey deliberately sank an entire Airbus A300, turning a passenger jet into an artificial reef, 75 feet below the surfaceA decommissioned Airbus A300 was deliberately submerged off the coast of Turkey to enhance diving tourism and safeguard marine ecosystems. ...
- Shiprocket lifts off: The fire that fuels the new logistics engineShiprocket’s strong stock market debut reflects surging investor confidence in India’s tech-driven e-commerce infrastructure. As rapid D2C ...
- India’s exports to US hold firm after a year of Trump’s tariffsThe US continues to account for about 20% of India’s exports despite tariff tensions and New Delhi’s push to diversify trade. New agreement...
- Trump threatens to 'bomb' Oman if they get in way of Hormuz dealUS President Donald Trump has threatened military action against Oman if it interferes with the US blockade of Iranian ships in the Strait ...
- US to announce steps to help refiners produce more fuel, energy chief Wright saysUS Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Do...
- Why did stock market fall today? Sensex slides 281 pts, Nifty closes below 24,300. 5 factors behind the declineIndian stock indices extended losses on Monday, with Sensex and Nifty declining. Broader markets bucked the trend, closing higher as crude ...
- Iran, Oman home in on Hormuz Strait deal as ship attacks mountIran and Oman are nearing a deal on managing Strait of Hormuz. This agreement aims to ensure safe passage through the vital waterway. The U...
- In 1871, pack ice trapped and crushed 33 American whaling ships off Alaska; 144 years later, NOAA archaeologists found confirmed wreckage in the Chukchi SeaArchaeologists have made an astonishing find: the wreckage of the 1871 whaling fleet buried in Arctic waters. The fleet, claimed by ice, le...
- Independence Day 2026: A 1968 gold ban that turned every Indian household into an underground vaultIn 1968, the Gold (Control) Act restricted gold ownership and capped jewellery purity at 14 karats to curb imports and conserve foreign exc...
- Apple opens advanced manufacturing center in Houston, plans Mac Mini production this yearApple opened its new Advanced Manufacturing Center in Houston on Thursday and confirmed that it will begin manufacturing the Mac mini at th...
- US stocks: S&P 500, Nasdaq edge lower as tech weakness offsets Iran deal hopesUS stock markets saw mixed trading as technology shares declined. Optimism grew regarding a potential peace agreement between the United St...
- Russia to India via train? Moscow floats ambitious railway route, says link "should be explored"India-Russia Rail Link: Russia is investigating innovative overland rail routes to connect with India, seeking to lessen reliance on mariti...
- Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s whyOil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and impo...
- Oil rises on concerns over Strait of Hormuz reopening plansOil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemp...
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