Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.The attacks sent the price of oil surging, with benchmark Brent crude LCOc1 futures breaching $100 a barrel for the first time since July.
A container ship will depart from South Korea bound for Europe via the Arctic on Saturday, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.If successful, the trip would be South Korea's first such commercial voyage to Europe via the Arctic
Despite the current ceasefire between the United States and Iran, it remains too risky to move the thousands of sailors stuck in the Gulf, the head of the IMO said."We will not be able to activate anything until the root causes are addressed and there is more of a final agreement, a ceasefire, or complete agreement, between the parties involved in the conflict," Arsenio Dominguez
The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.U.S. President Donald Trump launched the operation, called Project Freedom, on Monday as he sought to wrest control of the critical waterway from Iran
Explosive-laden Iranian boats appear to have attacked two fuel tankers in Iraqi waters, setting them ablaze and killing one crew member on Wednesday, after projectiles struck four vessels in Gulf waters, said port, maritime security and risk firms.The latest attacks on ships linked to the U.S. and Europe mark an escalation in the conflict between Iran and U.S.
Malaysian patrols searched coastal waters in the Andaman Sea on Monday for dozens of members of Myanmar's persecuted Rohingya minority, after a boat believed to be carrying them sank last week and another went missing.At least 21 bodies have been found since the vessel went down on Thursday - 12 in Malaysia and nine in neighbouring Thailand - the regional head of Malaysia's maritime agency
The number of people confirmed dead after a boat carrying members of Myanmar's persecuted Rohingya community sank near the Thailand-Malaysia border rose to 11 on Monday, authorities said, with about 70 people believed to have been on board the capsized vessel.The status of another boat carrying 230 passengers remained unclear, Malaysian authorities said
The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim Min-seok said on Thursday during a parliamentary hearing.His remarks come after U.S. President Donald Trump wrote on social media last week that he had given approval for South Korea to build a nuclear-powered submarine and that it would be
The LPG-laden tanker MV Falcon was on fire and adrift on Saturday off the coast of Yemen, after it reported an explosion that forced members of its crew to abandon the vessel, the European Union's naval force Aspides said in a statement.The cause of the explosion was unclear but most likely an accident, according to initial indications, Aspides said.
China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said on Friday.Beijing announced the sanctions on Tuesday as the U.S.
The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.A return to an all-out trade war appeared imminent last week
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S.