Container shippers MSC and Zim are set to launch a new joint Black Sea service in November in order to meet seasonal agricultural demand. The weekly service will operate two vessels on the following rotation: Alexandria – Ashdod – Novorossiysk – Alexandria…
Israel has extended the distance it permits Gaza fishermen to head out to sea along certain parts of the coastline of the enclave, which is run by the Islamist terror group Hamas, reports Reuters. Fishermen in Gaza are now sailing further…
Israel’s Elbit Systems unveiled a prototype of what it claims is the world’s first unmanned system for anti-submarine warfare (ASW) missions. Developed in less than three years with technical and performance input from the Israeli Navy and Israel’s Ministry of Defense…
The worst dumper prize goes to IDAN OFER, son of shipping magnate Sammy Ofer. Idan Ofer owns QUANTUM PACIFIC GROUP and has a controlling stake in Israel’s largest publicly traded company, ISRAEL CORPORATION. Combined, these shipping companies…
Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure. The change is based on the company's business plan to focus on profitable trade areas in which ZIM enjoys competitive advantage…
From mid-February, Hapag-Lloyd will introduce a new Black Sea Mediterranean Express (BMX) service. The new short sea service offers customers a weekly connection between ports in Egypt, Israel, Turkey and major Black Sea ports with competitive transit times…
Israeli navy (IDF) holds special exercises with their Italian counterparts in order to perfect joint methods for rescuing the crew of a sunken submarine, reports Ynet. This type of exercise is rare among navies, and the first of its kind in Israel…
China's Tianjin Port has opened a new regular shipping route to the eastern coast of the Mediterranean Sea, reports Xinhua. The route, run by nine container ships, will call at countries including Malaysia, India, Israel, Egypt and Turkey…
Israel’s Zim Integrated Shipping Services has hired two banks to carry out its initial public offering (IPO) in the US, Bloomberg reported. Zim Integrated Shipping Services Ltd has hired Bank of America Corp.’s Merrill Lynch unit and Barclays Plc to lead a New York IPO…
With only five legislative days left to avoid a government shutdown, Congressman Steve Israel (NY-03) announced legislation that will ensure United States Merchant Marine Academy (USMMA) midshipmen can continue attending classes in the event of a shutdown…
The Italian energy major Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea. The Zohr gas field covers any area of 100 square kilometers…
The direct line shared by the world’s largest shipping companies Maersk and MSC is coming to Israel for the first time – as part of their massive 2M Alliance. Shipping giants MSC and Maersk have signed a cooperation agreement with the Haifa port…
Lebanese Army officials say an Israeli drone crashed in the waters off Tripoli on Saturday, reports Reuters. “At around 8:30 am (0530 GMT), a drone belonging to the Israeli enemy went down in the port of Tripoli, and the army has taken the necessary measures…
Provider of well completion technologies to the global oil and gas industry, TCO, has appointed a managing director for its UK division. With over 35 years’ experience within the energy sector, Paul Betteridge has been appointed in response to company growth…
Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports. Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders…
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