Greek shipping company Dynacom Tankers said two of its managed vessels were hit by projectiles of unknown origin on Monday while sailing off the coast of Oman.The re-escalation in fighting between the U.S. and Iran is again threatening commercial shipping through the Strait of Hormuz as Iranian forces target vessels and the U.S. moves to enforce its blockade of the country's ports.
The United States, Britain and Australia are working together to develop unmanned undersea vehicles as part of their trilateral AUKUS defence pact, U.S. Secretary of Defense Pete Hegseth told reporters on Saturday.AUKUS said in a joint statement that delivery of the vehicles will start in 2027.
Pakistan said on Sunday it was preparing to host "meaningful talks" to end the conflict over Iran in coming days even though Tehran earlier accused Washington of preparing a land assault while seeking negotiations.Speaking after talks between regional foreign ministers, Pakistan's Foreign Minister Ishaq Dar said they had covered possible ways to bring an early and permanent end to the war in the
Britain said on Sunday discussions with other NATO members on deterring Russian activity in the Arctic were "business as usual", after media reports the UK was in talks with its European allies about deploying a military force to Greenland.The Telegraph reported on Saturday that military chiefs from Britain and other European countries were drawing up plans for a possible NATO mission in
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
Yemen's Houthis said on Monday they launched a missile towards the Israeli-owned tanker Scarlet Ray near Saudi Arabia's Red Sea port city of Yanbu in a rare attack off the Saudi coast.The Liberia-flagged vessel's Singapore-based manager, Eastern Pacific Shipping, owned by Israeli magnate Idan Ofer, said the chemical tanker was undamaged and under the command of its captain.
China's Ministry of Natural Resources conducted a survey of waters east of Taiwan last month that it said would help it create "one map" for territorial planning and resource management, state broadcaster CCTV said on Thursday.China has been stepping up its activities to the east of Taiwan in the Pacific Ocean to assert its claims of sovereignty and jurisdiction over the island and its waters
Turkish authorities continued searching on Thursday for 10 crew members missing after a cargo ship sank off the coast of Istanbul following a collision with another vessel, state-owned Anadolu Agency reported.Two Turkish-flagged commercial vessels collided in the Sea of Marmara off Istanbul on Wednesday.
A drone caused the fire that engulfed two gas vessels at Egypt's Mediterranean port of Damietta, the Egyptian cabinet said on Thursday, confirming for the first time that the blaze which erupted a day earlier was the result of an attack rather than an accident.No party has claimed responsibility
The fourth of five National Security Multi-Mission Vessels (NSMVs), Lone Star State, was christened on July 17 at Hanwha Philly Shipyard in Philadelphia, marking another milestone in the U.S. Maritime Administration's next-generation training ship program.Built by Hanwha Philly Shipyard under the Vessel Construction Manager (VCM) model managed by TOTE Services
Russia's second city of St Petersburg and the surrounding region came under a major Ukrainian drone attack overnight on Saturday, with a local port and oil infrastructure hit, Russian and Ukrainian authorities said, as Kyiv's drone strikes continue to deepen fuel shortages in Russia.
China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely the case, with China's vast stockpile of crude a cushion against price spikes, meaning that any energy-led inflation in the rest of the world will not hit China.