Official Confirmation: Two MSC Container Ships Seized by Iranian Authorities

On April 22, the Navy of the Islamic Revolutionary Guard Corps (IRGC) issued a statement confirming the detention of two vessels for alleged regulatory violations, which have subsequently been escorted to Iranian coastal waters.

Dwell time at ports worsens to 3.5 days: Official

The government’s effort to improve services at seaports has suffered a setback, as indicated by the...

Greek economy to grow 1.5 percent this year, less than official forecasts – IOBE

Greece’s economy will only grow by up to 1.5 percent this year, the leading IOBE think tank said on Wednesday as it trimmed its forecast due to slow progress on the country’s bailout review.

German ECB Official Under Fire for Praising Inflation

A top European Central Bank official has drawn sharp criticism in her native Germany for doing the unthinkable: praising inflation.

China December official PMI likely to show fifth month of contraction

Activity in China’s manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world’s second-largest economy to...

Former CNOOC senior official admits crimes

A senior official of state-run energy giant China Offshore Oil Corporation (CNOOC) has pled guilty at a court...

Former ST Marine official charged with accounting fraud

A former senior official at ST Marine was charged in a Singapore court on Wednesday over falsification of accounts, the company announced. ...