The United States will keep attacking Yemen's Houthis until they end attacks on shipping, the U.S. defense secretary said on Sunday, as the Iran-aligned group signaled it could escalate in response to deadly U.S. strikes the day before.The airstrikes, which the Houthi-run health ministry said killed at least 53 people, are the biggest U.S.
The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne iron ore market.The first cargoes from the project may arrive by the end of this year and it's expected that it will ramp up to its full capacity of 120 million metric tons per annum fairly
The Baltic states of Estonia, Latvia and Lithuania completed a switch from Russia's electricity grid to the EU's system on Sunday, severing Soviet-era ties amid heightened security after the suspected sabotage of several subsea cables and pipelines.European Commission President Ursula von der Leyen hailed the move, years in the planning, as marking a new era of freedom for the region
Singapore commissioned two new advanced submarines on Tuesday, vessels its navy says are meant to protect sea lines of communication, and which experts said would range beyond the waters of the tiny city-state to keep tabs on the region.The country's fifth and sixth submarines, the Invincible and the Impeccable
Shipping giant Maersk said one of its vessels, the Maersk Sentosa, reported being targeted by a flying object in the north of the Gulf of Aden early on Tuesday.Maersk told Reuters that no injuries to the crew or damage to the ship or cargo were reported.A spokesperson for the Copenhagen-based company said the ship was one of its U.S.-flagged vessels sailing for the subsidiary Maersk Line, Limited.
A Greek-owned cargo ship was struck by a small craft off Yemen's Red Sea port of Hodeidah sustaining damage in its engine room, maritime security firms and shipping sources said on Wednesday.The vessel, Tutor, was hit approximately 67.7 nautical miles southwest of Yemen's port of Hodeidah, said British security firm Ambrey
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets.
The United States anchored a temporary floating pier to a beach in Gaza on Thursday to boost aid deliveries, but Washington is facing the same challenges that have beset the United Nations and relief groups for months when it comes to distributing assistance to the war-torn enclave.These include working in a war zone to stave off a looming famine and a dire shortage of fuel for aid trucks.
Greenpeace activists painted slogans on an Estonian-owned tanker in the middle of the Baltic Sea on Friday, and said the ship supplied bunker fuel to vessels transporting Russian oil that posed a danger to the environment and would fuel conflict."Oil fuels war," the campaigners, who arrived in small boats, scrawled in large white letters on the side of the Zircone tanker
Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port.
Spanish police said on Friday they had seized four metric tons of cocaine hidden in rice sacks at Barcelona's port, breaking up a crime ring that operated in Spain, Paraguay and Britain.The drug smugglers processed the drugs into powder in Asuncion, Paraguay, and then put them plastic bags which were hidden inside sacks of rice sewn by hand before shipping them to Europe, the statement said.
Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to data and analytics company Russell Group.Of this $6 billion, analysis by Russell’s ALPS Marine has identified that commodities such as cars & people carriers ($399 million/£313 million)