The prospect of a large scale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates, but the situation remains far from certain.
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 crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear.The crew were rescued by another vessel and are safe, the sources said, adding that the incident took place in the open sea off Yemen.
Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and India will also look to enhance defense and maritime security cooperation
U.S. warships shot down drones and missiles fired by Yemen's Houthis while they were transiting the Bab al-Mandab Strait, the Pentagon said on Tuesday.Earlier on Tuesday, the Houthis said they conducted two military operations against U.S. naval vessels in the Red and Arabian seas which the group's military spokesperson said lasted for eight hours.
A Liberia-flagged tanker was struck by an unidentified projectile in the Red Sea causing minor damage, but no casualties, British maritime security agencies said on Thursday.The incident occurred about 73 nautical miles (135 kilometres) southwest of the Yemeni port of Hodeidah, security firm Ambrey said.
A beluga whale that was suspected of spying for Russia after being discovered in Norwegian waters five years ago has been found dead, according to the non-profit organization that had been monitoring the whale.The body of Hvaldimir - a combination of the Norwegian word for whale and the first name of Russian President Vladimir Putin - was spotted floating in the sea by a father and son fishing
Olympic surfers based in Tahiti will miss out on the spectacle of the Games' opening ceremony on Friday, but might have trumped their Paris-based peers with their accommodation in a freighter-cum-cruise ship serving as a floating athletes' village.With limited accommodation options in the small villages dotted around Tahiti's southern coast
Since the Russian invasion began in 2022, Ukraine has successfully resisted its opponents on many fronts, but its most surprising success came in a theater where few expected Ukraine to prevail: the Black Sea.In 2022, the consensus among military analysts was that Russian leader Vladimir Putin’s military would most likely crush Ukrainian forces in the air, on land and at sea.
A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia's Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian authorities, shipping data from LSEG and Kpler showed.The Sao Tome and Principe-flagged supertanker Ceres I had left the scene of the collision with the Singapore-flagged tanker Hafnia Nile about 55 km
Two large oil tankers were on fire on Friday after colliding near Singapore, the world's biggest refuelling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of the tanker operators said.Singapore is Asia's biggest oil-trading hub and the world's largest bunkering port.
Federal agencies said on Monday they have restored full access for commercial maritime transit through the Port of Baltimore after the removal of 50,000 tons of debris from the March 26 collapse of the Key Bridge.The cargo ship Dali crashed into the Francis Scott Key Bridge in March in Baltimore, killing six people and paralyzing a major transportation artery for the U.S. Northeast. The U.S.