Four seafarers on the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen, an official with knowledge of the issue said on Tuesday, the second incident in a day after months of calm.The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities but traffic has dropped since the Iran-aligned
The Israeli military said it carried out airstrikes against Yemen's Hodeidah Port on Monday, a day after the Iran-aligned Houthis fired a missile that struck near Israel's main airport.The military said in a statement that it attacked what it called Houthi terrorist targets in Hodeidah and its vicinity.
The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be lifted out of the water next month after its mast is dismantled, people close to the matter said on Tuesday.The recovery of the British-flagged Bayesian, lying on its right side at a depth of around 50 metres (164 feet)
Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized their Bahamas-flagged vessel off the Yemeni Red Sea coast, Houthi-owned Al Masirah TV reported on Wednesday.It said the crew were handed to Oman "in coordination" with the three-day-old ceasefire in Gaza's war between Israel and Palestinian militant group Hamas.
Danish shipping group A.P. Moller-Maersk said on Monday it had raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea.Maersk said it had revised its outlook for global container market volume growth in 2024 to around 6% from a range of between 4% to 6% seen previously.
The Israeli military intercepted the last boat in an aid flotilla attempting to reach blockaded Gaza on Friday, a day after stopping most of the vessels and detaining some 450 activists including Swedish campaigner Greta Thunberg.The organisers of the Global Sumud Flotilla said the Marinette was intercepted some 42.5 nautical miles (79 km) from Gaza.
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.The bloc was due to launch counter-tariffs on about 21 billion euros ($23.25 billion) of U.S.
Germany's foreign minister on Sunday criticised what he called the "aggressive behaviour" of China in the Taiwan Strait ahead of a trip to Japan and Indonesia, and stressed the need to strengthen internationally binding rules.Speaking to reporters, Foreign Minister Johann Wadephul praised Japan's solidarity with Europe over Ukraine as he prepared to board a plane
Japan will begin test mining for rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, in January next year, the head of the government-backed project said on Friday.Tokyo is seeking to secure stable supplies of critical minerals amid tightening export controls by China, the dominant supplier of rare earths.
The U.S. issued Iran-related sanctions targeting more than 30 individuals and entities it said are part of a "shadow banking" network that has laundered billions of dollars through the global financial system, the Treasury Department said on Friday.The sanctions, which target Iranian nationals and some entities in the United Arab Emirates and Hong Kong, were announced as U.S.
A vessel chartered by Chevron carrying some 500,000 barrels of Venezuelan oil is about to complete the discharge of the cargo at a Venezuelan port, according to shipping data and a source, following state company PDVSA's order to return the crude amid payment uncertainty related to U.S. sanctions.At least nine tankers Chevron had chartered to carry Venezuelan crude to the U.S.
Russia has ordered divers to inspect ships in its ports, a government letter seen by Reuters shows, after suspected attacks on four oil tankers that visited in recent weeks.At the same time the Russian navy will help protect from the threat of drones and unmanned vessels, it said.Three oil tankers around the Mediterranean, and another in the Russian Baltic