Bulgaria is getting ready for negotiations with Somali pirates in response to the recent seizure of the Bulgarian bulk carrier MV Ruen, which is flagged under […]
BP became the first oil company to halt shipments in the Red Sea, which cited a deteriorating security scenario due to increasing attacks by Yemeni rebels […]
According to maritime security sources on Monday, a commercial vessel that was seized by unidentified attackers is still off the coast of Somalia, raising concerns about […]
The heavy-lift installation ship Svanen, owned by Van Oord, is about to undergo a significant renovation. With a 25-meter extension to its gantry crane, the ship […]
Oil steadied as the investors considered the potential effect on the oil supply from attacks by the Iran-aligned Houthi militants against vessels in the Red Sea […]
HII segment Ingalls Shipbuilding reportedly has laid the keel of the 81st guided-missile destroyer that belongs to the Arleigh Burke class for the US Navy, the […]
Lloyd Austin, the Defense Secretary, declared on Tuesday that more large shipping companies were being forced to reroute due to strikes by Iran-backed Houthi insurgents in […]
Houthi rebels have reportedly targeted two commercial ships with naval drones in the Red Sea on Monday. According to reports, the crews of the vessel, identified […]
Senior UN representatives have pleaded with the Security Council to prevent regional tensions from rising and prioritise safeguarding global supply lines. The end of December 2023 […]
On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (abbreviated the OFAC) declared actions against the financial networks helping Houthi forces in […]
Oil prices dropped on January 02 as the traders monitored the growing tensions in the Red Sea amid a path-breaking US crude production and worries regarding […]
Maersk announced on Tuesday that it will reroute vessels around Cape of Good Hope (Africa) and permanently halt Red Sea transits. The choice was made in […]
Energy analysts claim that because of the quick expansion of LNG liquefaction plants on the U.S. Gulf Coast, the U.S. now leads the globe in exporting […]
Iran’s Alborz warship has crossed the vital Bab al-Mandeb Strait and entered the Red Sea, according to Iran’s Tasnim news agency. Twelve per cent of international […]
A joint venture called Wisdom Synergy Ship Management (WSSM) has been established by the leading ship management business in Singapore, Synergy Marine Group, and the Taiwanese […]
Three explosions were observed close to Mocha in Yemen by a container ship flying the flag of Malta, as reported by the British maritime security company […]