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
A German warship operating as part of the United Nations' UNIFIL peacekeeping mission shot down a drone off the coast of Lebanon on Thursday, the German defense ministry told Reuters, as unease builds over the safety of the U.N. troops in the country.UNIFIL positions have come under fire in Lebanon since Israel launched a ground operation against Hezbollah militants on Oct.
As salvage operations began on an abandoned Greek-flagged oil tanker with deck fires still burning from Houthi rebel attacks, the EU's Red Sea naval mission Aspides said on Thursday that no oil spill has been detected.Yemen's Houthi militants carried out multiple assaults, including planting bombs on the already disabled 900-foot (274.
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.
Sustainability claims by MSC Cruises, including that it targets "net zero by 2050" do not meet standards, the Dutch advertising board found on Wednesday in one of the first decisions against a cruise operator following a greenwashing complaint.MSC, a privately held Swiss-Italian firm that is among the world's largest cruise operators
Working in partnership with Strategic Marine, BMT has introduced its latest addition to the offshore wind industry - the StratCat35 Crew Transfer Vessel (CTV).The vessel, which made its debut at WindEnergy Hamburg, is designed to meet a wider range of operator requirements while placing sustainability at the forefront of the offshore wind sector.
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.
Germany inaugurated on Monday a new multinational naval headquarters for the Baltic Sea capable of leading operations for NATO during a conflict, as the military alliance increases focus on the area amid rising tensions with Russia."Our message to our partners and to those who threaten our peace is simple: Germany stands firmly by its commitments