Flash News - Breaking News
The Chinese Coast Guard has driven away a Philippine-flagged flotilla from the Scarborough Shoal in the South China Sea, claiming the vessels had "illegally gathered" in what China considers its territorial waters.
Japanese companies Nippon Yusen Kabushiki Kaisha (NYK), NYK Bulk and Projects Carriers (NBP), Tsuneishi Shipbuilding, and UK-based renewable energy firm Drax Group have signed a memorandum of understanding (MOU) to develop the world’s first biomass-fuelled ship, or "bioship."
Harbor Lab, the maritime software company modernising the outdated accounting practices hampering the $14 trillion shipping industry, has raised a $16m Series A funding round led by European VC Atomico.
According to Spain’s maritime rescue service, a 15-meter vessel carrying two individuals in Moroccan waters was targeted by an unknown number of orcas, resulting in the yacht sinking. This incident adds to a series of orca rammings reported in the region, including off the Atlantic coast of Portugal and northwestern Spain.
Shares of Danish maritime and logistics giant Maersk (AMKBY) rallied over 7.5% on Monday, propelled by soaring freight rates triggered by a significant increase in costs for shipping containers from China to Europe.
India has emphasized the broader regional benefits of its recent 10-year port agreement with Iran, amidst warnings from the United States regarding potential sanctions for engaging in business with Tehran.
India has just signed a 10-year agreement to manage the Chabahar Port in Iran, but the United States has quickly issued a warning about the risk of sanctions for anyone doing business with Tehran.
Yesterday afternoon, explosive charges were used to demolish parts of the collapsed Francis Scott Key Bridge that were resting on the containership Dali. Officials are now optimistic that the vessel can be removed later this week.
In a recent development, concerns over heightened defense security have surged following the confirmation of drone footage allegedly capturing Japan's largest aircraft carrier, the Izumo. Initially dismissed as possibly fabricated, the video has now been verified as genuine by the Japanese Ministry of Defense (MoD), signaling a significant lapse in security protocols.
Greece’s Navy has prolonged its series of exercises aimed at stopping tankers from swapping Russian oil just a few miles off its shores.