As geopolitical tensions rise globally, and President Trump prepares to reenter the White House later this month, focus turns to the maritime sector and China's growing dominance. So when the U.S. Department of Defense released on the Federal Register on January 7, 2025 a "Notice of Chinese military companies operating in the United States
A Ukrainian sabotage operation has damaged a Russian minesweeping vessel in Russia's Kaliningrad region and put it out of action, Ukraine's military spy agency said on Monday.The spy agency, known by the acronym GUR, said it was the second attack it has carried out on a Russian warship in the Baltic Sea this year.
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The strike ended sooner than investors had expected, weakening shipping stocks across Asia on Friday as freight rates were no longer expected to surge.
Two vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said.Both vessels reported that their crews were safe.One of the vessels, the Panama-flagged tanker M/T Cordelia Moon
Israel said it bombed Houthi targets in Yemen on Sunday, expanding its confrontation with Iran's allies in the region two days after killing the Hezbollah leader Sayyed Hassan Nasrallah in an escalating conflict in Lebanon.The airstrikes on Yemen's port of Hodeidah were in response to Houthi missile attacks on Israel in recent days, Israel said
A Greek-flagged tanker was adrift in the Red Sea on Wednesday after repeated attacks that started a fire on the vessel and caused the ship to lose power, the UK maritime agency said.Iran-aligned Houthi militants have launched attacks on international shipping near Yemen since November in solidarity with Palestinians in the war between Israel and Hamas.
A crude oil tanker has reported four attacks off Yemen's port of Mokha during the last 24 hours, the United Kingdom Maritime Trade Operations agency said on Friday, and the vessel's manager said the ship and its crew were safe.Yemen's Iran-aligned Houthi militants have launched attacks on international shipping in the Red Sea region since November in solidarity with Palestinians in the war
U.S. maritime companies Crowley and SEACOR Holdings on Thursday announced the formal launch of their joint venture Fairwater Holdings LLC, an independent U.S. company integrating the firms’ petroleum and chemical transportation vessels, capabilities and personnel.Active in all major Jones Act coastwise tank vessel trades, Fairwater supports the transportation of petroleum products
Ukraine seized a foreign cargo ship in the Black Sea off its Odesa region and detained the captain on suspicion of helping Moscow export Ukrainian grain from Russian-occupied Crimea, the Security Service of Ukraine (SBU) said on Thursday.The vessel, which it did not identify, was travelling under the flag of a central African country and repeatedly docked at the Crimean sea port of Sevastopol to
Shipping fuel regulations introduced in 2020 have led to a substantial cut in sulphur dioxide (SO2) pollution, but may also have made the ocean warmer by reducing cloud cover, according to a modelling study in a paper published late on Thursday.International Maritime Organization (IMO) rules to tackle marine pollution forced shippers to cut their fuel sulphur content to 0.5% from 3.
Germany's IG Metall union on Tuesday said it had preliminary talks with Carlyle on the investment firm taking a majority stake in Thyssenkrupp Marine Systems and agreed to push for an agreement as quickly as possible.In a newsletter seen by Reuters, the union however insisted that a stake sale to private equity investors could only happen if the state stepped in as well to secure the
The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday."No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note.