The United States expanded sanctions against Iran's petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said.The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of Iran's economy with the aim of denying the government funds to support its nuclear and missile programs.
A Ukrainian sabotage operation has damaged a Russian minesweeping vessel in Russia's Kaliningrad region and put it out of action, Ukraine's military spy agency said on Monday.The spy agency, known by the acronym GUR, said it was the second attack it has carried out on a Russian warship in the Baltic Sea this year.
Maritime security and industry groups raised the risk level for ships calling at Israeli ports on Friday, with terminals facing possible missile strikes from Lebanese group Hezbollah in the Mediterranean and Yemen's Houthis in the Red Sea.Earlier this week, the Israeli government's port authority issued a letter stating that terminals ranging from the southern port of Eilat on the Red Sea to the
A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messaging app."Debris from, according to preliminary assessment, an Iskander-M missile, damaged port and civilian infrastructure
Italian Navy divers have recovered video surveillance equipment from the superyacht that sank off Sicily last month, killing British tech tycoon Mike Lynch and six other people, a source close to the matter said on Friday.The recovery of the equipment could help explain why the British-flagged Bayesian went down during a severe and sudden storm off the port of Porticello, near Palermo, on Aug.
The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.
Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today with global shipyard orderbooks packed full.
A bulk carrier already taking on water after a Houthi missile attack off the coast of Yemen on Tuesday has reported further damage from a second strike, the United Kingdom Maritime Trade Operations said on Tuesday.Maritime security and shipping sources earlier in day identified vessel as the Marshall Islands-flagged Laax.
Britain announced sanctions on Friday against three companies and one individual over what it called the "illicit ‘arms-for-oil’ trade" between Russia and North Korea.The announcement followed a decision by the United States to impose sanctions on two Russian individuals and three Russian companies for facilitating arms transfers between Russia and North Korea
The leader of Yemen's Iran-aligned Houthis, who have been attacking shipping in the Red Sea, said on Thursday the group had carried out "operations" in the Indian Ocean and towards southern Israel.Abdul Malik al-Houthi's comments made clear that the Houthis have acted on earlier threats to expand operations to the Indian Ocean region and attacks towards southern Israel.
Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million).Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a sum that had snowballed with interest to over 36 million pounds.
At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea's foreign ministry said on Thursday.Two South Korean nationals were among the dead, it said, adding that the Japanese coastguard had rescued an Indonesian crew member and that another member of the crew of 11 was missing.The ministry did not provide the name of the vessel.