Sanmar celebrated the delivery of a second tugboat to Ultratug, a leading operator in the Americas, at a special ceremony held at its Altinova Shipyard on August 11, 2026.The tug, UT AMAZONAS, will operate in Colombia and is the sister vessel to UT PATZCUARO, the first tug that Sanmar built for Ultratug, which was delivered just a few months ago and is now operating in Mexico.
France and Britain will outline plans for a multinational maritime mission in the Strait of Hormuz at talks between NATO and Gulf Arab foreign ministers on Tuesday, but diplomats say Iran's rejection of the initiative makes it unlikely to break the deadlock over the vital waterway.
Germany scrapped a landmark frigate programme on Wednesday following delays and expected cost overruns, sending shares in the country's top defence firm Rheinmetall — which was tipped to win the contract — sharply lower.Plans to build six F126 frigates had been mired in trouble for a while, with Berlin weighing whether to hand the contract to Rheinmetall's NVL division after initial supplier
The European Union has proposed that the bloc's Aspides naval mission take "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a document seen by Reuters.The European External Action Service wrote in a note dated May 26 and sent to member states that "the situation requires the Union to provide a meaningful
France has drafted a U.N. Security Council resolution on setting up an international mission to restore movement in the Strait of Hormuz and could submit it if conditions are right, the foreign ministry said on Friday, as Washington struggles to bring to a vote a text Russia and China may say is biased against Tehran.
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout.
France on Wednesday deployed its carrier strike group to the Red Sea as part of planning for a potential mission to secure the Strait of Hormuz, urging Washington and Tehran to consider the proposal given the global economic impact of their competing blockades.Fresh exchanges of fire on Monday underscored the stakes as the U.S.
U.N. Security Council members will begin talks on Tuesday on a U.S.- and Bahrain‑backed draft resolution that could lead to sanctions against Iran, and potentially authorise force, if Tehran fails to halt attacks and threats to commercial shipping in the Strait of Hormuz, three Western diplomats said.Fresh exchanges of fire on Monday underscored the stakes as the U.S.
Panama is participating this week in the 34th session of the Assembly of the International Maritime Organization (IMO), the most significant forum within the global maritime system and the specialized governing body of the United Nations, from November 24 to 28. This setting defines the policies, standards, and priorities that will shape the international maritime agenda in the years ahead.
China's test of a nuclear-capable missile last month has exposed the limits of Pacific leaders' ambition to make the region an "Ocean of Peace", free from the crossfire of major-power rivalry.The July launch, China's first known ballistic-missile test into the Pacific since September 2024, was fired into the Pacific just hours after Fiji and Australia signed a major defense treaty
Palaemon Maritime’s maritime security report this week points to some of the clearest indicators yet that piracy activity off Somalia is escalating again.“Taken alone, these incidents might appear isolated. Taken together, they point to something more important: the conditions that enable piracy are building again in the Western Indian Ocean.
The New Zealand Navy will return to service in the third quarter of 2026 one of two offshore patrol vessels idle since 2021, the chief of the defence force said on Tuesday, at a cost running into millions of dollars.Tony Davies told a select committee of parliament the decision to bring HMNZS Otago out of care and custody arrangements followed the sinking of a specialist dive and hydrographic