The US Office of Foreign Assets Control (OFAC) has added 17 Liberian-flagged bulk carriers and oil tankers to its Russian sanctions-busting blacklist, citing alleged violations related to Western-imposed oil price cap sanctions on Russian oil.
Saudi Arabia is hosting its first ever Africa Summit, underscoring Crown Prince Mohammed bin Salman's (MbS) growing focus on African affairs.
Panama and Liberia are locked in a spirited contest for the coveted title of the world's premier flag state, with their maritime registries competing for supremacy.
Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.