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MSC is the manager and commercial operator of a vessel seized on Saturday by Iranian authorities, international shipping company Zodiac Maritime said in a statement."MSC is responsible for all vessel activities including cargo operations and maintenance. Title to the vessel is held by Gortal Shipping Inc as financier, and she has been leased to MSC on a long-term basis. Gortal Shipping Inc is affiliated with Zodiac Maritime," said the company, partly owned by Israeli businessman…

For the 10th year in a row, Singapore ranks first in the Xinhua-Baltic International Shipping Center Development Index (ISCDI) Report.Published jointly by the Chinese state news agency, Xinhua and global maritime data provider Baltic Exchange, the report lists Singapore as the global leading maritime center, followed by London and Shanghai.The island nation scored 95.32 out of a possible 100 points, while London scored 83.35 points and Shanghai took third place with 81.58 points.Singapore has held the top position since the index began a decade ago.

Russia is in the process of equipping its new nuclear submarines with hypersonic Zircon missiles, the head of Russia's largest shipbuilder told the RIA state news agency in an interview published on Monday."Multi-purpose nuclear submarines of the Yasen-M project will ...

Russian state news agency RIA said overnight Russian strikes on the Ukrainian port of Izmail had hit port and grain infrastructure housing foreign mercenaries and military hardware, as well as a naval ship repair yard.RIA cited Sergei Lebedev, a man it described as a coordinator of an underground group in the Ukrainian port city of Mykolaiv and who it said had sources in Izmail, Ukraine's main inland port across the Danube River from Romania.It quoted Lebedev as saying that there had been eight separate Russian strikes on Izmail and that an oil terminal had been hit…

The U.S. Navy said it had intervened to prevent Iran from seizing two commercial tankers in the Gulf of Oman on Wednesday, in the latest in a series of attacks on ships in the area since 2019.In a statement, the U.S. Navy said that at 0100 local time (2100 GMT), an Iranian naval vessel had approached the Marshall Islands-flagged oil tanker TRF Moss in international waters in the Gulf of Oman."The Iranian vessel departed the scene when U.S. Navy guided-missile destroyer USS McFaul arrived on station…

Russia's deputy foreign minister said on Monday that even if a deal allowing shipments of Ukrainian grain via the Black Sea ends, Russia's agreement with the United Nations to ease its own exports will stay in force, Russian state news agency RIA reported on Monday.Moscow has repeatedly said it sees little chance of agreeing an extension of the Black Sea Grain Initiative beyond July 18, because it says Western sanctions are thwarting its own U.N.-backed attempts to export both grain and fertiliser.Asked by RIA if the collapse of the grain deal would invalidate its memorandum with the U.N.…

United Arab Emirates' ADNOC Logistics & Services (ADNOC L&S) has expanded its fleet with the deployment of five new-build Very Large Gas Carriers (VLGC), state news agency WAM reported on Thursday.The carriers of the shipping and maritime logistics arm of state oil giant Abu Dhabi National Oil Company each have a capacity of 86,000 cubic metres. The carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group (Wanhua), WAM added.

North Korea has tested a new nuclear-capable underwater attack drone, state media reported on Friday, as leader Kim Jong Un warned joint military drills by South Korea and the U.S. should stop.During the test, the new North Korean drone cruised underwater at a depth of 80 to 150 metres (260-500 feet) for over 59 hours and detonated a non-nuclear payload in waters off its east coast on Thursday, North Korean state news agency KCNA said.Analysts say North Korea is showing off its increasingly diverse nuclear threats to Washington and Seoul…

Russia "will not accept" a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine.Kremlin spokesman Dmitry Peskov said Moscow had made preparations for Friday's price cap announcement by the Group of Seven nations, the European Union and Australia, the Russian state news agency TASS reported."We will not accept this cap," RIA news agency quoted him as saying.

 Saudi Arabia's defense ministry signed a memorandum of understanding (MOU) with Spanish state-owned Navantia company on Wednesday to build multi-mission combat ships for the Saudi Navy, the Saudi state news agency (SPA) reported early on Thursday."The MoU aims to raise the level of readiness of the Royal Saudi Naval Forces to enhance maritime security in the region, and protect the vital and strategic interests of the Kingdom of Saudi Arabia,"  it said.According to the agreement, the Spanish company "would localize up to 100% of naval shipbuilding, integration of combat systems, and ship main

Dubai-owned ports giant DP World intends to invest around $500 million to reduce carbon dioxide emissions in its operations by 700,000 tonnes over the next five years, state news agency WAM reported on Monday, citing the company's chairman and CEO Sultan Ahmed Bin Sulayem.DP World's plans include transitioning its global fleet from diesel to electric power, investing in renewable energy, and exploring fuel alternatives, Sulayem said via video conference during the COP27 summit in Egypt, WAM added.(Reuters - Reporting by Lina Najem, Editing by Louise Heavens)

Iran's elite Revolutionary Guards have seized a foreign vessel in the Gulf for allegedly smuggling 757,000 liters of diesel out of the country, the Iranian state news agency IRNA reported on Saturday.The unnamed vessel's seven crew members, who are foreign nationals, have been handed over to legal authorities, IRNA reported without elaborating on the nationalities of the ship or its crew.Iran, which has some of the world's cheapest fuel prices due to heavy subsidies and the plunge in value of its national currency, has been fighting rampant fuel smuggling by land to neighboring countries and b

Singapore has held onto its status as the world's top maritime hub for the ninth consecutive year, according to a recent index report.The Xinhua-Baltic International Shipping Centre Development Index Report, jointly published annually by Chinese state news agency, Xinhua, and global maritime data provider, the Baltic Exchange, has ranked Singapore as the global leading maritime center every year since the report's inception.The city state scored 94.88 out of a possible 100 points, while second on the list was maritime professional services stronghold, London, with 83.04 points.

Iranian forces seized two Greek tankers in the Gulf on Friday, Iranian state media reported, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast."The Revolutionary Guards Navy today seized two Greek tankers for violations in Gulf waters," said a Guards statement, quoted by the state news agency IRNA.It gave no further details or say what the alleged violations were.Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on board, near the coast of the southern island of Evia due to EU sanctions.The United States later confiscated the Iranian oil cargo held onboard and plans to send it to the United States on another vessel…

The United States has confiscated an Iranian oil cargo held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said.Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on board, near the coast of the southern island of Evia due to EU sanctions.They said the ship was impounded as part of EU sanctions on Russia for the invasion of Ukraine. However…

Iran's Revolutionary Guards said on Friday they had seized a vessel in Gulf waters loaded with 250,000 liters of smuggled fuel, the Iranian state news agency IRNA reported.Iran, which has some of the world’s cheapest fuel prices due to heavy state subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighboring states and by sea to Gulf Arab states. It has frequently seized boats it says are being used for smuggling oil in the Gulf.The ship's seven crew have been detained, IRNA said, citing a Guards spokesman, Gholamhossein Hosseini.

A Ukrainian ship loaded with 11,000 tonnes of wheat has arrived at the port of Tripoli in northern Lebanon on Tuesday, the state news agency NNA reported.The Golden Bird ship has started unloading its cargo, the agency quoted the port director Ahmed Tamer as saying, adding that another Ukrainian wheat ship, Princess Mariam, had unloaded a cargo of 7,000 tonnes of wheat in Tripoli port on Feb. 28.Princess Mariam, which had arrived from Ukraine's Mariupol port, will return to Tripoli with a new wheat cargo, Tamer added without setting a date for its return.Both ships left Ukraine shortly before the Russian invasion, Tamer told NNA on Feb.

The Iran-aligned Houthi movement that controls most of northern Yemen hijacked a United Arab Emirates-flagged cargo vessel engaged in "hostile acts" but which the Saudis said was carrying hospital equipment.The ship was heading to the Saudi port of Jizan, just north of Yemen, from the Yemeni Red Sea island of Socotra when it was attacked just before midnight on Sunday, Saudi state news agency SPA reported, quoting coalition spokesman Brigadier General Turki al-Malki.Saudi Arabia…

The Saudi-Led coalition destroyed three explosives-laden boats in the Yemeni province of Hodeidah that had been readied for imminent attacks, the Saudi state-news agency said on Wednesday.The coalition added that its efforts helped to protect the shipping lanes and international trade in the Bab al-Mandab strait and the southern Red Sea, the agency quoted a statement as saying.The coalition intervened in Yemen in 2015, backing forces of the ousted government of President Abd-Rabbu Mansour Hadi against the Iran-aligned Houthis.The conflict has dragged on, killing tens of thousands, including in

Iran on Saturday rejected as psychological warfare accusations that it was behind a deadly attack on a tanker off Oman's coast, and said Tehran sought to enhance the security of the strategic Gulf waterway.Foreign ministers from the Group of Seven wealthy economies said on Friday Iran was threatening international peace and security and that all available evidence showed it was behind the attack on the Mercer Street tanker last week."If we were to confront enemies...we would declare it openly, so the recent storytelling by the enemies is a psychological operation," state media quoted Abolfazl Shekarchi, Iran's senior armed forces spokesman…

Russia is building its first naval ship that will be fully equipped with stealth technology to make it hard to detect, the RIA state news agency reported on Tuesday.The hull of the Mercury naval corvette dubbed project 20386 has already been built and the vessel is expected to be delivered to the navy next year, RIA reported, citing two unnamed sources in the shipbuilding industry.The warship will be armed with cruise missiles, anti-aircraft missiles and artillery, as well as being capable of searching for and destroying submarines…

Syria's oil ministry said firefighters on Saturday put out a fire on an oil tanker off the Baniyas refinery after a suspected attack by a drone coming from the direction of Lebanese waters.The identity of the vessel was unclear, with Iran's al-Alam TV saying it was one of three Iranian oil tankers that had recently arrived at the Syrian oil terminal, while the semi-official news agency Tasnim denied it was Iranian.TankerTrackers said in a tweet that "the tanker seen burning today off the coast of Baniyas is not an Iranian vessel", but Beirut-registered.Syria's coastal town of Baniyas houses a refinery, which along with another in Homs…

Iran released on Friday a South Korean ship and its captain detained since January after South Korea promised to try to secure the release of Iranian funds frozen in South Korean banks under U.S. sanctions, a South Korean official said.The Iranian foreign ministry said the chemical tanker, Hankuk Chemi, was released after an investigation into environmental pollution, and at the request of the South Korean government and its owner, state news agency IRNA reported.The seizure of the tanker in the Strait of Hormuz off Oman in January had triggered a diplomatic dispute after Iran demanded that South Korea release $7 billion in funds frozen in South Korean banks under U.S.