Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.China's retaliation intensified the economic turmoil unleashed by Trump's tariffs
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
During a U.S. naval test off the California coast last month, which was designed to showcase the Pentagon’s top autonomous drone boats, one vessel stalled unexpectedly.As officials scrambled to fix a software glitch, another drone vessel smashed into the idling boat’s starboard side, vaulted over the deck, and crashed back into the water – an incident captured in videos obtained by Reuters.
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were.The jump in oil prices following Israel's surprise attack on Iran was meaningful but relatively modest considering the high stakes
Israel attacked Yemen's ports of Hodeidah and Salif along the country's Red Sea coast on Friday, the Houthi-run Al Masirah TV said, in an apparent response to the militant group's missile launches against Israel.Al Masirah did not provide further details, but two residents in Hodeidah said they heard four loud booms. There was no immediate comment on the attack from Israel.
Tributes have been paid to The Maritime Group (International) (TMG) founder Captain John M Cox III following his death at the age of 93.Capt Cox, known to his friends as Jack, died peacefully in Seattle on Thursday November 21 after a short illness.He recently retired as chairman and president of The Maritime Group (International), which included The Maritime Group, Inc.
The Russian and Chinese navies are carrying out artillery and anti-submarine drills in the Sea of Japan as part of scheduled joint exercises, the Russian Pacific Fleet was quoted as saying on Sunday.The drills are taking place two days after U.S. President Donald Trump said he had ordered two nuclear submarines to be positioned in "the appropriate regions" in response to remarks by former
Japan's second-largest shipping company Mitsui O.S.K. Lines (MOL) said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the European Union against Russia."We will continue to fully cooperate with the relevant authorities, including the European Union and the Japanese government
Transpetro, a unit of Brazil's state-run oil company Petrobras, has launched an international tender to contract eight gas tankers and expects to launch 13 others by the end of next year, Chief Executive Sergio Bacci said at an event on Monday.The tenders are part of ongoing plans to renew Transpetro's fleet while boosting the country's shipbuilding sector
At least 22 Somali citizens died when two migrant boats capsized off the coast of Madagascar over the weekend, Somalia's Information Minister Daud Aweis said.Madagascar's Port, Maritime, and River Authority (APMF) said the boats had set sail from Somalia for the French Indian Ocean territory of Mayotte on Nov. 2, a journey of several hundred kilometres.