News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

OEG Marine commissions three crew transfer vessels from Diverse Marine for UK wind

OEG Marine Services has placed an order for three 26‑metre crew transfer vessels with Isle of Wight shipyard Diverse Marine, slated for delivery in 2027 to support UK wind projects.

26/10/2026

Borr Drilling’s Prospector 5 Jackup Sinks Off Gabon, Five Crew Missing

The Prospector 5 jackup sank off Gabon’s coast during a preload operation, leaving five crew members missing and halting BW Energy’s MaBoMo production.

26/10/2026

RINA Appoints Veteran Paolo Moretti as Group CEO to Drive Global Expansion

Italian classification leader RINA names long‑time marine expert Paolo Moretti as group chief executive, signaling a push for further international growth.

26/10/2026

Sanctions Landscape Forces Commodity Traders to Rethink Risk Management

A fragmented sanctions regime is reshaping how commodity traders structure, finance and insure oil, gas, metal and grain shipments.

25/10/2026

China's Iron Ore Imports Surge in 2026, Boosting Dry Bulk Market

Chinese iron ore imports rose 4.1% YoY in Jan‑Sep 2026, driving demand for Capesize and VLOC vessels and sustaining the dry bulk market.

25/10/2026

Shipping Leaders Call for IMO Regulation to Accelerate Global Decarbonisation

At the Global Maritime Forum Summit in Shanghai, industry stakeholders urged the IMO to adopt binding regulations to turn early green initiatives into a worldwide transition.

25/10/2026
FMC Proposes New Rulemaking Flexibility to Boost Industry Dialogue

FMC Proposes New Rulemaking Flexibility to Boost Industry Dialogue

The US Federal Maritime Commission is set to relax ex‑parte communication rules, allowing informal talks between regulators, carriers and shippers.

24/10/2026
CSSC Offshore & Marine Engineering Anticipates Near‑Doubling Profit on Record Container‑Ship Orders

CSSC Offshore & Marine Engineering Anticipates Near‑Doubling Profit on Record Container‑Ship Orders

CSSC Offshore projects 68‑91% profit growth for Jan‑Sept 2026, fueled by container‑ship orders exceeding 217% of its annual target.

24/10/2026

AI‑Driven Cyber Threats Push Shipping Firms Toward Pre‑Paid Card Safeguards

AI is exposing critical web vulnerabilities, prompting maritime operators to adopt prepaid cards for secure online transactions.

24/10/2026
Seven Yield Secures Five-Year LNG Car Carrier Charters with Major Chinese Automaker

Seven Yield Secures Five-Year LNG Car Carrier Charters with Major Chinese Automaker

Luxembourg shipowner Seven Yield has landed two five‑year time charters for its LNG‑powered car carriers, extending their service into the 2030s with a leading Chinese auto maker.

23/10/2026
KEO PLC Announces €2.1 Million Interim Dividend – €0.05 per Share

KEO PLC Announces €2.1 Million Interim Dividend – €0.05 per Share

KEO PLC's board approves a €2.109 million interim dividend of €0.05 per share, payable to shareholders on record 2 Nov 2026.

23/10/2026
EU‑Imposed €3 Parcel Duty Triggers 30‑35% Drop in Shipments to Cyprus

EU‑Imposed €3 Parcel Duty Triggers 30‑35% Drop in Shipments to Cyprus

Since the €3 temporary duty on parcels from third countries took effect, arrivals in Cyprus have fallen 30‑35%, customs says.

23/10/2026

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