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May 21, 2025
Ambrey, a British maritime security company, said that a hijack signal sent by a Panamanian flagged petroleum products tanker near Iran was a false alert. Ambrey reported the incident on Tuesday, south of the busy Strait of Hormuz shipping lanes without naming "UAE-linked vessel".
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May 21, 2025
The Kremlin announced on Wednesday that Russia will defend its ships in the Baltic Sea using all available means. A recent failed Estonian attempt at seizing a tanker showed that Moscow can respond with harsh action if necessary. It was reported…
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May 20, 2025
Manila's armed services announced on Wednesday that the Coast Guard vessels from the Philippines and United States had participated in their first joint maritime exercise with air and naval units in the contested South China Sea. The Philippine Navy…
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
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May 20, 2025
SailGP released its first ever docuseries, "Uncharted", on Tuesday. The three-part series focuses on Red Bull Italy SailGP's CEO Jimmy Spithill who is leading the new team in their inaugural season. SailGP, the world sailing championship, features…
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May 20, 2025
Russia accused NATO on Tuesday of committing what it described as aggressive actions in Baltic Sea, which impeded freedom of shipping. This came after Estonia attempted to seize and failed to do so a tanker. Estonia reported on Thursday, last week…
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May 20, 2025
The tyremaker announced on Tuesday that Pirelli had agreed to a new partnership with the Italian Luna Rossa Team in order to help them compete for the America's Cup in 2027 when Italy will host the event. Pirelli, a technical and official partner of the event in Naples…
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May 19, 2025
The Trump administration lifted the stop-work order that had been in place for a month on a major offshore facility planned near the coast of New York. The Norwegian energy company Equinor announced that construction on Empire Wind was allowed to resume.
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May 19, 2025
The price of European wheat futures dropped on Monday, despite a large purchase by Saudi Arabia. A strong euro continues to hinder the competitiveness of EU exports. Benchmark September milling grain on Paris' Euronext fell 0.8% to 202.50 Euros ($227.49 per metric ton).
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May 19, 2025
The Warsaw-based firm said that Equinor, a Norwegian company, and Polenergia of Poland have made a decision on the final investment for the project. It involves the construction of two wind farms near the Polish Baltic Sea coast. The cost of…
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May 19, 2025
Egypt declared seven people missing, including five foreigners. This was after a tourist vessel capsized in November off the coast of Egypt's Red Sea. In a decree published on Sunday in the official gazette by the country's premier, two British…
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May 19, 2025
The majority of luxury yachts manufactured by Italy's Azimut-Benetti won't be directly affected by U.S. tariffs on imports, said its owner and chairwoman, but the wider impact of trade tensions may become problematic. Giovanna Vitell told the Financial Times Business of Luxury forum in Barcelona…
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May 19, 2025
Norway announced on Monday that it had launched the first phase of its much-anticipated inaugural floating wind auction, and offered subsidies to the winning bidders despite the challenges facing the offshore wind industry worldwide. In the face of rising costs…
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May 19, 2025
Taiwan's Coast Guard said on Monday that China may try to disrupt the public's morale in Taiwan ahead of President Lai Ching Te's anniversary, which is this week. This was after social media images of a person placing a Chinese flag at a Taiwanese beach surfaced.
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May 18, 2025
The Estonian Foreign Ministry reported that Russia had detained an oil tanker owned by Greece on Sunday, after it left a Baltic Sea port in Estonia. It also said it had alerted NATO of the incident. In a press release, the Ministry of Transport…
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May 17, 2025
Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…
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May 17, 2025
The President Tayyip Erdoan announced on Saturday that Turkey had discovered a new natural gas reserve of 75 billion cubic metres (bcm). Erdogan stated during an event held in Istanbul that "with this discovery, we can meet the natural-gas needs of Turkish homes for 3.5 years".
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May 16, 2025
After an incident on the job, the Nigerian oil company Renaissance Energy said that it had halted the production of one line into the Trans Niger pipeline. This is a major oil route transporting crude oil from the onshore oilfields up to the Bonny terminal.
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May 16, 2025
The Indonesian navy has arrested four Myanmar citizens and a Thai citizen who were found on board a ship that was carrying cocaine and methamphetamine worth $425million. The navy reported that officers apprehended a ship in Tanjung Balai Karimun…
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May 16, 2025
Ahn Deuk Geun, South Korea's Minister of Trade and Industry, said that he had met with U.S. trade representative Jamieson Greer on Friday and requested a waiver for Washington's tariffs. Ahn said that the South Korean delegation will visit the…