Bahrain has put forward a draft U.N. Security Council resolution that would authorise countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.Diplomats said the draft text was backed by other Gulf Arab states and the United States
Two foreign tankers carrying Iraqi fuel oil were subjected to unidentified attacks inside territorial waters, causing them to catch fire, Iraq's director general of the General Company for Ports Farhan al-Fartousi told Reuters on Wednesday.Iraq evacuated the 25 crew members from the two vessels and fire is still ablaze on both ships, he added.
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.China's retaliation intensified the economic turmoil unleashed by Trump's tariffs
The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S.
French President Emmanuel Macron said about 15 countries were planning to facilitate the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply usually flows, after a ceasefire between the United States and Iran was announced."About 15 countries are currently mobilised and are participating in the planning, under France's leadership
The French Navy seized an oil tanker on Friday in the Western Mediterranean that President Emmanuel Macron said belonged to Russia's shadow fleet, a network of vessels that enables Moscow to export oil despite Western sanctions.Local officials told Reuters earlier on Friday that the navy had boarded a Mozambique-flagged oil tanker named Deyna that was suspected of flying a false flag.
European powers said on Thursday they would work together to safeguard shipping in the Red Sea and send naval and other assets to protect Cyprus as the expanding U.S.–Iran war entered its sixth day.The conflict - which has widened beyond Gulf states to the Mediterranean, where a drone strike hit a British air base on Cypruson Monday
The French navy on Thursday intercepted a Russian tanker in the Mediterranean suspected to be part of the shadow fleet that enables Russia to export oil despite sanctions."This operation was carried out ... with the support of several of our allies. It was conducted in full compliance with the United Nations Convention on the Law of the Sea," French President Emmanuel Macron said on X.
Interferry, the global association representing the ferry industry, announced the appointment of six new members to its Board of Directors. These new director appointments, approved at the Annual General Meeting (AGM) in Sorrento on October 6, reflect the diversity and global reach of the ferry industry.
Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders.The threat of a further hit to France's economy comes after data released on Friday shows business activity declined faster than expected in October.
OceanWings has received a Type Approval Design Certificate (TADC) from DNV, marking a major milestone in the industrial validation of the company’s automated wingsail propulsion system.The certificate confirms that the design of the rigid OceanWings system, in both its tiltable and fixed configurations, meets DNV’s rigorous technical and regulatory standards for safety, reliability, and operation.
Brad Adams, co-founder of Subsea Estate in Western Australia, has just retrieved vats of his latest wine from the seabed just off the coast of Augusta.Partnered with wife and co-founder Jodee Adams and chief wine maker Emmanuel Poirmeur, he is creating a product unique in the southern hemisphere.