India has asked Iran to provide financial guarantees before Delhi continues to allow vessels with Iranian insurance cover to enter Indian waters, the latest sign of difficulties Iran is facing in exporting oil.
Iran and world powe
Tourism authorities are increasing their efforts to attract more cruise ships to Bahrain following a decline in the number of vessels visiting the country.
The season got underway last month with the arrival of the luxury MS Europ
The world's biggest floating book fair opened its doors to the public in Bahrain for the first time yesterday (October 23), a report said.
With a stock of half a million books and a multicultural staff and crew of around 400 v
Middle East Workboats & Offshore Marine 2013, a leading regional forum for owners, operators, industry professionals and suppliers, saw six new contracts worth Dh55 million ($15 million) being siogned on the opening day.
Salvage crews completed raising the wreck of the Costa Concordia in the early hours of Tuesday morning after a 19-hour-long operation on the Italian island of Giglio where the huge cruise liner capsized in January last year.
Egypt has arrested three people who opened fire with machine guns on a ship passing through the Suez Canal, an army source said on Sunday, playing down what the waterway's chief described as a terrorist attack.
A "terrorist" staged an unsuccessful attack on a container ship passing through the Suez Canal on Saturday, in an attempt to disrupt the flow of ships through the waterway, the head of the Suez Canal Authority Mohab Memish said.
United Arab Shipping Company (UASC) said it had placed orders worth over $2 billion for very large container ships with South Korea's Hyundai Heavy Industries.
UASC ordered five vessels of 18,000 twenty-foot equivalent units (
Investigators unloading the cargo of a seized North Korean ship that carried arms from Cuba may have discovered explosive material on board, a senior Panamanian official said on Friday.
Javier Caraballo, Panama's top anti-drug
An Iranian ship laden with arms seized by Yemeni authorities in January may also have been bound for Somalia, according to a confidential UN report seen by Reuters on Monday.
Yemeni forces intercepted the ship, the Jihan 1, off Ye