Oil tanker company Frontline said on Monday a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world's largest publicly listed tanker company.Frontline will not make a voluntary conditional exchange offer for Belgian oil tanker and storage operator Euronav's shares and will no longer seek a listing on Euronext Brussels
UK-based uncrewed surface vessel (USV) specialist SEA-KIT on Thursday announced its first USV export sale to ThayerMahan, an autonomousmaritime solutions firm based in Connecticut, USA.Sea-KIT said that the X-Class USV's combination of extended range, high sea state endurance and payload capacity attracted ThayerMahan initially to the UK-based USV firm.
A U.S. aircraft carrier arrived in South Korea on Friday for the first time in about four years, set to join other military vessels in a show of force intended to send a message to North Korea.USS Ronald Reagan and ships from its accompanying strike group docked at a naval base in the southern port city of Busan ahead of joint drills with South Korean forces.
Russia is to spend almost 1.8 trillion roubles ($30 billion) on the Northern Sea Route development project up to 2035, according to a document uploaded to the government's website.The document said the sea route, which is being facilitated by reduced sea ice as a result of climate change, is "a very important transport corridor, of both national and global significance".
Ukrainian forces destroyed a pontoon bridge and parts of Russian armored column as it tried to cross a river in the Donbas region, video footage released by Ukraine's military showed on Friday, and a Russian naval ship was set afire in the Black Sea.Russia has suffered setbacks on the battlefield as Ukraine drives its troops out of the region around the second-largest city of Kharkiv
Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday, as part of European Union sanctions imposed on Moscow over its invasion of Ukraine.Earlier this month, the EU banned Russian-flagged vessels from the 27-nation bloc's ports, with some exemptions
The world’s most famous luxury yacht is operating an advanced BIO-SEA ballast water treatment system from France’s BIO-UV Group.Christina O, the 1943-built motor yacht named after the only daughter of Greek shipping magnate Aristotle Onassis, was fitted with a low-flow BIO-SEA system last year as part of a major refurbishment at the D.K Fotinakis yard, in Greece.
The International Maritime Organization (IMO) will convene a special meeting next week to discuss the risks to seafarers and ships in the Black Sea and Sea of Azov after Russia’s invasion of Ukraine, the UN’s shipping agency said on Friday.Over 15 countries earlier this week called for an IMO meeting as concerns grow for the safety of ships and their crews amid ships being damaged by projectiles.
Russian troops were in the center of the Ukrainian port of Kherson on Thursday after a day of conflicting claims over whether Moscow had captured a major urban center for the first time in its eight-day invasion.Russia's defense ministry said it had captured Kherson on Wednesday but an adviser to Ukrainian President Volodymyr Zelenskiy responded that Ukrainian forces continued to defend the
When Russia attacked Ukraine, the nearest naval vessel of a major NATO ally was in the Mediterranean. The last such ship from a major naval member of the Western military alliance left the Black Sea – an area roughly the size of California bordering Russia, Ukraine and NATO members Turkey, Bulgaria and Romania – over a month ago.
Two people are trapped on a ferry that was engulfed in a blaze as it sailed from Greece to Italy early on Friday, the coastguard said, after scores of others passengers and crew members were rescued.A total of 239 passengers and 51 crew were onboard the Italian-flagged Euroferry Olympia when the fire broke out and rescue vessels had taken most of them to the island of Corfu where ambulances were
Russian warships entered the Barents Sea on Wednesday to rehearse protecting a major shipping lane in the Arctic, its Northern Fleet said on Wednesday, as Moscow stages sweeping military exercises involving all of its fleets.Russian military moves are being closely watched by the West at a time when a troop build-up near its border with Ukraine has sparked fears of a conflict.