The Dutch-flagged cargo ship Minervagracht was ablaze and adrift in the Gulf of Aden on Tuesday, a day after being hit by an explosive device, its operator and the EU maritime mission Aspides said.Yemen's Houthi militants claimed responsibility on Wednesday for the attack, saying it was carried out by a cruise missile.
Castor Maritime has acquired a 2024-built Kamsarmax bulk carrier for $41.9 million and completed the delivery of a second vessel, expanding its fleet to 11 ships.The company said it acquired the M/V Magic Saturn from an unaffiliated third party through a wholly owned subsidiary and took delivery of the vessel on June 29.
Chinese cruise operators are scrambling to avoid Japanese ports as Beijing and Tokyo engage in a diplomatic dispute, which is expected to spur demand for tourism in South Korea, according to sources and cruise schedules reviewed by Reuters.Tour and port agents said tensions, sparked by recent remarks from Japan's new prime minister
The Dutch-flagged general cargo ship Minervagracht is on fire and drifting in the Gulf of Aden after an attack with an explosive device required the helicopter rescue of its 19 crew, the EU maritime mission Aspides and the vessel's operator said on Monday.It was not immediately clear whether the attack that injured two sailors was carried out by Yemen's Iran-aligned Houthis
Once again U.S. shipbuilding, or rather the lack thereof, has raised its head. There are those who say that U.S. shipbuilding is a train that has left the station (yes, a purposefully odd but correct metaphor), while others are hoping for a new dawn of U.S. shipbuilding dominance.I know it can be done, but only if there is steel-eyed realism and an iron will to do it.
Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast, down 43% to USD 3 796 per FEU in the same period.
Yemen's Iran-aligned Houthis said on Monday they had rescued 10 seafarers from the Greek-operated cargo ship Eternity C which they attacked and sank in the Red Sea earlier this month.The Liberia-flagged Eternity C was the second ship to sink off Yemen this month after repeated attacks by Houthi militants with sea drones and rocket-propelled grenades.
Saildrone has announced its newest platform, Spectre. At 52 meters (170 feet) long, weighing 250 tonnes, and capable of up to 30 knots, Spectre is a high-endurance USV designed to deliver multi-mission effects above and below the surface. Spectre’s design is engineered from the keel up for long-range, quiet, persistent operations.
The U.S. Coast Guard and partner agencies apprehended a stowaway smuggler and seized 10 bales of cocaine in San Juan Harbor, Puerto Rico, on January 28.The seized contraband weighed a combined total of 358kg/789.25 pounds and is estimated to have a wholesale value of more than $5 million. The apprehended suspect faces federal prosecution on drug trafficking charges.
The crew of the Greek-operated cargo ship Eternity C, which sank in the Red Sea in July after being attacked by Yemen's Houthis, have been released, an official with the ship's operator and a maritime security source told Reuters on Wednesday.The crew of the Liberia-flagged Eternity C abandoned the ship before it sank following repeated strikes by the Iran-aligned militants with sea drones and
The Netherlands called on the EU on Wednesday to sanction Yemen's Houthis as a terrorist group, after the organisation claimed responsibility for an attack on the Dutch-flagged general cargo ship Minervagracht in the Gulf of Aden.The Iran-aligned group has launched numerous assaults on vessels in the Red Sea since 2023