U.S. forces hit another vessel allegedly carrying illegal drugs off the coast of Venezuela on Saturday evening, U.S. President Donald Trump said on Sunday, adding that the U.S. would also start looking at drug trafficking occurring on land.Trump made the comment during a speech at Naval Station Norfolk, next to the Harry S. Truman aircraft carrier.
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.
The United States will keep attacking Yemen's Houthis until they end attacks on shipping, the U.S. defense secretary said on Sunday, as the Iran-aligned group signaled it could escalate in response to deadly U.S. strikes the day before.The airstrikes, which the Houthi-run health ministry said killed at least 53 people, are the biggest U.S.
The U.S. Navy aircraft carrier Harry S. Truman (CVN 75) has collided with a merchant vessel near Egypt, the U.S. military said on Thursday, though the nuclear-powered carrier was stable and there were no injuries.In a statement, the U.S. Navy said the carrier Harry Truman collided with the Besiktas-M late Wednesday night while operating near Port Said in Egypt.
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas
This past year won’t soon be forgotten. In 2025, conventional thinking about economics and investor behavior was frequently challenged, as dramatic changes in technology, energy and geopolitics drove markets in often unexpected ways.As the clock turns to 2026, here are 8 general market movers that can help explain what happened in 2025 and what it might mean for 2026 and beyond.1.
Secretary-General Arsenio Dominguez delivered opening remarks at IMO headquarters in London, as the Marine Environment Protection Committee (MEPC) meets to discuss the adoption of global regulations to reduce greenhouse gas emissions from international shipping (October 14-17).Full text below of the speech delivered on Tuesday, October 14, 2025:"Good morning distinguished delegates
Norwegian Cruise Line Holdings signaled a demand rebound for its cruise vacations and maintained its annual profit target, sending its shares up 12% on Thursday.The company had earlier warned that geopolitical tensions and economic uncertainty around tariffs had weakened consumer spending on its premium vacations, particularly for its longer itineraries in Europe.
An Australian AI startup developing software for crewless boats said it has been granted one of the first AUKUS exemption licences by the Australian government, allowing it to share information with defence contractors in the U.S. and Britain.Defence officials have said Australia will rely more on autonomous systems to protect its vast coastline and up to 1.2 million square miles (3.
Fincantieri and Oceania Cruises, a brand of Norwegian Cruise Line Holdings Ltd., celebrated the delivery of Oceania Allura at the Sestri Ponente shipyard in Genoa. The vessel is the latest cruise ship to join the shipowner’s fleet, sister ship to Oceania Vista, which was handed over by the same yard in 2023.
The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London from April 7-11, 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang Tan (Singapore) as Vice-Chair.Highlights included:Tackling climate changeThe Committee finalized and approved the draft legal text for the "IMO Net-Zero Framework
Israeli warplanes bombed a power station and two ports in Houthi-controlled Yemen on Friday in retaliation for Houthi drone and missile strikes against Israel, and pro-Houthi media said at least one person had been killed and nine wounded.Israeli Prime Minister Benjamin Netanyahu said the Iran-backed Houthi militia were "paying and will continue to pay a heavy price for their aggression against