A container ship will depart from South Korea bound for Europe via the Arctic on Saturday, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.If successful, the trip would be South Korea's first such commercial voyage to Europe via the Arctic
The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.U.S. President Donald Trump launched the operation, called Project Freedom, on Monday as he sought to wrest control of the critical waterway from Iran
The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim Min-seok said on Thursday during a parliamentary hearing.His remarks come after U.S. President Donald Trump wrote on social media last week that he had given approval for South Korea to build a nuclear-powered submarine and that it would be
After disembarking more than 200 passengers who had paid tens of thousands of dollars to live on board for years, the Villa Vie Odyssey cruise ship departed Cambodia early on Wednesday.Last week, the vessel's owner, Florida-based Villa Vie Residences, suspended operations and forced passengers off the ship at the port town of Sihanoukville
Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.The increasing amount of Saudi exports this month requires more supertankers to shuttle crude through Hormuz to conduct cargo transfers, they said.
Eastern Shipbuilding Group, Inc. (ESG) announced the launch of the fourth annual Eastern Shipbuilding Group Coastline Initiative. In partnership with the Bay County Artificial Reef Association (BCARA), the competition challenges students from local welding schools to design and construct artificial reefs that support coastal restoration and marine habitat preservation.
Maritime Partners has added the M/V Ann Nash to its growing fleet. Built by FMT Shipyard & Repair in Harvey, Louisiana, the vessel continues the successful working relationship between Maritime Partners, FMT Shipyard & Repair, and Laborde Products in delivering towboats for inland marine service.The MN Ann Nash measures 52.5 feet in length overall with a 19.6-foot beam and a 3.3-foot draft.
Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U.S.-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz
No settlement was reached on Friday at the Krems Regional Court in Austria regarding the civil proceedings concerning the animal transport of the Spiridon II livestock carrier. The hearing was adjourned.A new hearing, expected to last all day, has been scheduled for mid-November.Several witnesses from Turkey are also expected to be heard at that time.
The Austrian livestock dealer allegedly responsible for the weeks of livestock suffering and death on the Spiridon II is to appear before the Krems Regional Court in Austria on Friday as part of a civil lawsuit. The importers of the animals accuse him of fraud.The cattle from Uruguay—half of which were pregnant heifers—were originally destined for Turkey.
South Korea will seek to launch its first nuclear-powered submarine by the mid-2030s, under a new program aimed at countering North Korea's submarine-launched nuclear and missile threats, officials said on Tuesday.Seoul has long sought to join an elite group of nations operating nuclear-powered submarines in a move that could reshape Asia's security landscape and escalate an underwater arms race.
Warship builder TKMS has submitted a non-binding offer along with Norway for a multi-billion-dollar submarine contract from Canada, a company spokesperson told Reuters on Tuesday.The offer consists of around 1,500 pages and is supported by the governments of both countries.TKMS is one of two companies shortlisted by Canada to supply up to twelve modern submarines.