Pakistan's Navy will be getting a fleet of advanced Chinese submarines, a statement from the military and a government official said on Thursday, a move to strengthen Islamabad's maritime security as part of a growing defence cooperation with Beijing.The subs are in addition to Chinese-made J10-C fighter jets, which were war-tested for the first time during last year's Pakistan-India conflict.
President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels.The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint venture between France's ENGIE and Portugal's EDP Renewables.
In the world of large cruise ship construction, few yards operate at the level of Meyer Turku, which recently unveiled its 2025 results which serve as a turning point, not just in financial recovery, but in long-term strategic positioning.The numbers, at first glance, tell a familiar post-pandemic story. Turnover climbed to €2.
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
The Arctic is no longer a remote expanse beyond the edges of global commerce — it is now a contested arena where strategic competition, energy development, and maritime innovation converge. As climate change accelerates sea ice retreat, previously impassable waters are opening to navigation for longer periods each year.
Dutch offshore services provider Boskalis has decided to invest in a new high-capacity cable laying vessel (CLV) to support growing demand in the offshore wind and interconnector markets.The vessel, expected to enter service in 2029, will target long-distance cable installation projects, particularly for high-voltage direct current cables.
Gatehouse Maritime will operate as an independent maritime data technology company, with Thomas Scott Jensen appointed as Chief Executive Officer.The independence follows the restructuring of the Gatehouse Group, including the sale of sister company Gatehouse Satcom to Cobham Satcom earlier this year.
The Middle East war is giving fresh momentum to Europe's push for energy independence andbolstering the case for offshore wind farm developments, the CEO of Denmark's Orsted said on Thursday.Europe, a major importer of fossil fuels, has seen energy prices soar in recent weeks as the U.S.
Tug Network Team (TNT), an alliance of independent towage operators launched in the Americas in 2024, has expanded into Europe with the addition of Fairplay Towage.The move increases the alliance’s presence to 113 ports across 13 countries with a combined fleet of more than 200 tugboats.
Somalia's government said on Monday it is annulling all agreements with the United Arab Emirates, including port deals and defence and security cooperation, accusing the UAE of undermining its national sovereignty."This decision is based on credible reports and compelling evidence concerning hostile actions undermining national sovereignty, territorial unity
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
Global markets are getting too comfortable with risks like trade wars, geopolitical tensions and yawning government deficits, which, combined with already overpriced assets, increase the chance of a "disorderly" market correction, the International Monetary Fund said on Tuesday.Underscoring the IMF's warning