Shipping Slows Through Strait of Hormuz After Tanker Attacks
Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled.Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend.Ships entering the strait on Saturday included an empty very…
Royal Navy Trials Quantum Clock
In the first-of-its-kind trials, the Royal Navy’s Disruptive Capabilities and Technologies Office worked with SAAB and quantum technology experts Aquark Technologies to further test the company’s AQlock.The cold atom clock does not rely on traditional timing information provided by conventional global navigation satellite systems. Instead, atoms inside are slowed down at very low temperatures and detect any changes by comparing the frequency of the clock to those atoms…
Diana Shipping Withdraws Genco Offer
Diana Shipping has announced, that following nine months of what it called “avoiding engagement,” Genco Board has demanded consideration valued at approximately $36.91 per share — a 57% premium to Genco’s undisturbed share price at the time of Diana’s last offer.“Genco’s demands are completely disconnected from the reality of what a credible buyer could reasonably be expected to pay,” said the company in a statement…
Cartel Threats and US Airstrikes: Ecuador Fishermen Have Nowhere to Hide
At first light on Ecuador's Pacific coast, small fishing boats fan out from the villages of San Mateo and Jaramijo, their bows pointed toward deeper waters and the promise of a good catch. Other boats come in from the rolling surf to battered coves, where crews unload baskets of tuna and swordfish and traders rush to inspect the day's haul.The scene belies the dangers some fishermen face pushing out into these waters.
Iran Tells US: “Stop Indulging in Fantasies”
Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as "very evil" and told Americans to prepare for continued high fuel prices as a result of the war.Progress towards peace talks and oil tanker traffic through the strategic Strait of Hormuz remained halted, with no sign the warring parties were moving toward ending the conflict that the U.S. and Israel launched on February 28."This strait will be opened and closed only under Iran's command…
Yemen's Mocha Port Halts Operations After Houthi Attacks
Yemen's Mocha port has suspended commercial and maritime operations after being hit by more than 25 missiles in Houthi attacks over recent days, the port's director said on Saturday.The attacks killed seven people and caused an estimated $16 million in losses, the director told a news conference.Mocha is a Red Sea port near the Bab el-Mandab strait, a strategic chokepoint connecting the Red Sea with…
Admiral Praises USS Lincoln Crew Amid Reports of Worsening Conditions
The leader of U.S. Central Command, Admiral Brad Cooper, wrote on Sunday that his recent visit to the USS Abraham Lincoln was "awe-inspiring" and hailed the crew's "resilience" following reports of concerns about mental health and deteriorating conditions aboard the aircraft carrier.The ship has not made a port call in more than 200 days, setting a modern-day record for consecutive days at sea, according…
Automation is Optimizing US Logistics
U.S. transportation has steadily become more efficient through advances in engine technology, infrastructure upgrades and increasingly sophisticated logistics networks.The next wave is different. Automation is turning transportation networks into continuously optimizing systems that consume less energy per unit moved, operate for longer hours, reduce labor bottlenecks and reshape demand for fuels and electricity.Across rivers…
