Deep Sea Specialist Team Joins Search for Capsized Ferry Offshore Cyprus
A specialist team from Turkey equipped to search deep waters started work on Tuesday to pinpoint the wreckage of a ferry thatcapsized off northern Cyprus on Sunday, with 20 people still missing.At least eight people died when the twin-hulled vessel started taking in water and overturned shortly after leaving the port of Kyrenia with 267 passengers and crew on board.The Turkish navy rescue vessel has a remotely operated vehicle able to search the deep water where the ferry sank…
Four Survivors Rescued After Boat Capsize, Five Days at Sea
Four migrants have been rescued from the Mediterranean more than five days after the boat supposed to carry them to Europe capsized off Libya, three Libyan sources and the International Organization for Migration (IOM) said on Monday.However, 10 migrants were confirmed to have died in the disaster off Tobruk in eastern Libya, and 31 were still missing. Six bodies were recovered on Saturday after washing ashore.The IOM said search efforts were continuing. The migrants are from Egypt and Sudan…
Capesize Values Hit 17-Year High
Global trade flows have adjusted to new geopolitical developments last week, with Red Sea diversions maintaining their grip on vessel demand patterns. Against this backdrop, timecharter earnings hit their highest levels since October 2024, with Capesize rates leading the rally while smaller segments lagged behind. The S&P market saw continued interest in modern tonnage as owners position for tightening supply fundamentals. Values for 5YO Capesizes of 180,000 DWT have rallied impressively this year…
