Britain said on Sunday discussions with other NATO members on deterring Russian activity in the Arctic were "business as usual", after media reports the UK was in talks with its European allies about deploying a military force to Greenland.The Telegraph reported on Saturday that military chiefs from Britain and other European countries were drawing up plans for a possible NATO mission in
Japan will conduct test mining of rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, from January 11 to February 14, the head of the government-backed project said.The operation will mark the world's first attempt to continuously lift rare-earth mud from a depth of around 6,000 meters on to a vessel.
Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping its emergency maritime response centre running as it monitored Chinese naval manoeuvres, the coast guard said.The exercises named "Justice Mission 2025" saw China fire dozens of rockets towards Taiwan and deploy a large number of warships and aircraft near the island
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.
President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.
▶ Medium-sized containerships to be built by 2028, supported by design, procurement, equipment, and strategic technology investmentHD Hyundai launched a strategic shipbuilding collaboration in the United States, signing with U.S.-based Edison Chouest Offshore (ECO) to establish a strategic and comprehensive partnership for the construction of U.S. commercial vessels.
U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U.S. naval readiness.The order directs the U.S.
A U.S. delegation will seek progress toward a Black Sea ceasefire and a broader cessation of violence in the war in Ukraine when it meets for talks with Russian officials on Monday, after discussions with diplomats from Ukraine on Sunday.The so-called technical talks come as U.S. President Donald Trump intensifies his drive for a halt to Russia's three-year-old assault against Ukraine.
Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's allies such as Iran, the Yemeni militant group's foreign minister said.Jamal Amer spoke to Reuters late on Monday after the U.S.
When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realize a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia.Trump and his energy tsar Doug Burgum framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S.
Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the