With the U.S. Navy and U.S. Coast Guard FY 2025 budget requests offering uninspiring news for traditional shipbuilders, industry observers might be forgiven for checking out and dismissing 2024 as just another dull year in the frustrating business of government shipbuilding.But with an election season underway and an increasingly disorderly sea
The U.S. Navy's efforts to build a fleet of unmanned vessels are faltering because the Pentagon remains wedded to big shipbuilding projects, according to some officials and company executives, exposing a weakness as sea drones reshape naval warfare.The lethal effectiveness of sea drones has been demonstrated in the Black Sea where Ukraine has deployed remote-controlled speed boats packed with
The U.S. military's cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters.The figure, which has not been previously reported, illustrates the massive scale of a construction effort that the Pentagon has said involves about 1,000 U.S. service members, mostly from the Army and Navy.
When the Rubymar sank in the Red Sea after a Houthi attack, the ship went down carrying 21,000-tonnes of fertiliser which could trigger massive algal blooms that could create "dead zones" for marine life and starve coral reefs of light.Alongside a slick of leaking fuel, the ammonium phosphate sulphate fertilisers could deliver an extreme pulse of nutrients into waters harbouring rare corals
We think of Bermuda as a tiny paradise in the North Atlantic. But long before cruise ships moored up, prison ships carried hundreds of convicts to the island, first docking in 1824 and remaining there for decades.Islands have long been places to deport, exile and banish criminals. Think of Alcatraz, the infamous penitentiary in San Francisco, or Robben Island in South Africa
Towards the end of the working week, the Bangladeshi Taka crashed by about 6.4% against the U.S. dollar in a couple of days. This depreciation in the Taka will translate into higher L/C costs that should escalate by about 6% - 7% (at least), reports cash buyer GMS.This will further reduce already suffocated margins that have resulted from flatlining steel plate prices
Aid for Gaza was being loaded onto a ship in Cyprus on Wednesday in what was expected to be the first cargo to be delivered using a U.S. pier built to expedite supplies to the besieged enclave.Containers were being stacked on the U.S. flagged Sagamore, docked at the port of Larnaca, on Wednesday. Some containers to the ship were labelled as aid from the United Arab Emirates.
U.S. troops have begun construction of a maritime pier off the coast of Gaza that aims to speed the flow of humanitarian aid into the enclave when it becomes operational in May, the Pentagon said on Thursday.President Joe Biden announced the pier in March as aid officials implored Israel to ease access for relief supplies into Gaza over land routes.
A Chinese research vessel is on its way to the Maldives, according to an Indian military official and an independent researcher, as new Maldivian President Mohamed Muizzu deepens ties with Beijing, distancing from New Delhi.It is likely to raise concern in New Delhi, which has previously viewed the presence of such vessels close to its shores, including in Sri Lanka in 2022, as problematic.
For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container to Europe had surged to roughly $7,000 from $3,000 in December
Humans have sailed the world’s oceans for thousands of years, but they haven’t all reached port. Researchers estimate that there are some three million shipwrecks worldwide, resting in shallow rivers and bays, coastal waters and the deep ocean. Many sank during catastrophes – some during storms or after running aground, others in battle or collisions with other vessels.
Canada's The Metals Company (TMC) aims to apply next year for a licence to start mining in the Pacific Ocean, with production expected to get underway by as early as the fourth quarter of 2025, it said in a statement.TMC has been at the forefront of efforts to begin extracting polymetallic nodules from the ocean floor