Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring the situation in the Middle East and would return to the Red Sea once it was safe to do so.'The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea…
China's presence around the Panama Canal is a national security concern that Panama's government has to deal with, Mauricio Claver-Carone, the U.S. special envoy for Latin America, said on Friday, ahead of U.S. top diplomat Marco Rubio's visit to the country…
Middle East ceasefire and Lunar New Year will see ocean container freight rates fall further in February - with carriers now taking action to slow the market decline.Latest data from Xeneta – an ocean and air freight intelligence platform –…
When Marco Rubio arrives in Latin America this weekend on his first foreign trip as Donald Trump's secretary of state, he'll find a region reeling from the new administration's shock-and-awe approach to diplomacy.In the first days of Trump's second term…
Vestdavit has achieved a new sales record for the third successive year as its order intake hit an all-time high of Nkr380m in 2024, fueled by increased davit orders from its core naval market as well as the offshore energy sector.“It has been another fantastic year…
The ever-worsening geopolitical situation is creating unprecedented challenges for the shipping sector and wider supply chain.An expanding shadow fleet, openly undertaking illegal Ship-To-Ship (STS) transfers of Russian oil and Liquified Natural Gas (LNG)…
The Philippines and China agreed to seek common ground and find ways to cooperate despite their disagreements in the South China Sea, their foreign ministries said on Thursday, as heated rows persist over vessels deployed around disputed features…
A Chinese fishing vessel that was allegedly hijacked last month in Somalia's waters, in the semi-autonomous Puntland region, has been liberated, the European Union's anti-piracy naval force said on Monday.'According to the information provided (by the Chinese embassy to Somalia)…
Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month, the head of the Finnish investigation said…
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has received POs from Austal USA to provide critical equipment for the U.S. Navy’s next-generation TAGOS-25 program.Through Fairbanks Morse Defense businesses American Fan…
Israeli warplanes bombed a power station and two ports in Houthi-controlled Yemen on Friday in retaliation for Houthi drone and missile strikes against Israel, and pro-Houthi media said at least one person had been killed and nine wounded.Israeli…
When the USS Fort Lauderdale (LPD 28) docked at Naval Station Newport in Rhode Island from Nov. 21-24, it was especially meaningful for a Naval Undersea Warfare Center (NUWC) Division Newport employee whose family name is linked to the ship’s name…
President-elect Donald Trump declined on Monday to rule out military or economic action as part of his avowed desire to have the U.S. take back control of the Panama Canal and acquire Danish-controlled Greenland.Asked at a press conference whether…
Finnish police said on Tuesday they had recovered a lost anchor from the seabed as part of an investigation of suspected sabotage against power and internet cables in the Baltic Sea.Finland last month seized the Eagle S tanker carrying Russian…
The Philippines has deployed air and sea assets of its military and coast guard in its exclusive economic zone to monitor China's largest coast guard vessel, calling the ship's presence an act of Chinese 'intimidation, coercion and aggression'…
