09 MAY 2025 President Donald Trump announced Tuesday that the United States will cease military operations against Houthi forces in Yemen, claiming the Iran-aligned group agreed to a ceasefire against U.S. ships in vital Middle Eastern shipping lanes. However, senior Houthi leadership immediately contradicted some of Trump’s claims and vowed …
Read More »GIBRALTAR FINDS COCAINE ON BULKER USING NEW UNDERWATER DRONES
08 MAY 2025 Gibraltar is highlighting its success in stopping drug smuggling with its newly acquired underwater drones. HM Customs made a sizable drug bust from a bulker in the anchorage by deploying drones that were acquired in December 2024. The Chinese-owned bulker Great Zhou (39,744 dwt) arrived in Gibraltar …
Read More »EUROPEAN FIRMS FARE BETTER THAN FEARED THROUGH EARLY TRADE PAIN
07 MAY 2025 European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook. Companies on the MSCI Europe index are averaging earnings growth of 3.8% so far, outpacing pre-season estimates …
Read More »OPEC+ TO FURTHER SPEED UP OIL OUTPUT HIKES
06 MAY 2025 OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets in April by agreeing a bigger-than-expected output …
Read More »WHOOPING COUGH IS ON THE RISE: AN EXPERT EXPLAINS HOW TO PROTECT YOUR FAMILY
06 MAY 2025 Whooping cough, a bacterial infection that can be especially dangerous for babies and young children, is on the rise. Already in 2025 the U.S. has recorded 8,485 cases. That’s compared with 4,266 cases during the same period in 2024. Like measles, which is also spreading at unprecedented …
Read More »DEMENTIA IN YOUNGER PEOPLE IS OFTEN OVERLOOKED. HERE ARE 5 KEY REASONS.
05 MAY 2025 Around 57 million people worldwide have dementia. While most cases of dementia are diagnosed in older adults, about 7% of cases occur in people under 65. This number may be even higher as young-onset dementia continues to be under-recognised. This means many people may be missing out …
Read More »MEDITERRANEAN SEA BECOMES WORLD’S FIFTH SULPHUR EMISSION CONTROL AREA
03 MAY 2025 The Mediterranean Sea has become the world’s fifth Emission Control Area (ECA) for sulphur oxides starting May 1, 2025. This landmark regulation, adopted by the International Maritime Organization (IMO), will require vessels operating in Mediterranean waters to use fuel with a sulphur content not exceeding 0.10%. The …
Read More »BLANKED SAILINGS BUOY SPOT RATES AMID BROAD MARKET SLIDE
04 MAY 2025 Spot rates across all the major east-west deepsea trades continued their downward descent this week, although it has become increasingly clear that widespread blanked sailings on the transpacific trade managed to stave off a complete crash. Drewry’s World Container Index (WCI) this week saw a week-on-week decline …
Read More »ACTIVIST GROUP CLAIMS DRONES ATTACKED AID BOAT FOR GAZA OFF MALTA
02 MAY 2025 A small vessel issued a distress call shortly after midnight local time off Malta on May 2 reporting that it was on fire and claiming it was under attack by drones. The activist group Freedom Flotilla Coalition which is campaigning to free Gaza quickly reported it was …
Read More »THREE CREW INJURED AS ENGINE ROOM INCIDENT DISABLES MAERSK CONTAINERSHIP
01 MAY 2025 Maersk is confirming there was an incident aboard one of its containerships in the Atlantic on Monday, April 28, that injured three crewmembers and has left the ship drifting while teams work to identify “operational contingencies.” A spokesperson for Maersk said one crewmember is in critical but …
Read More »