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| Scope | National, Trade/B2B |
|---|---|
| Language | English |
| Country | United States of America |
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Recent Articles
Search ArticlesJapan reports that a Chinese destroyer conducted a live-fire exercise in the EEZ of Japan, which included launching grenades.
The Joint Staff of Japan reported that a Chinese destroyer was conducting live-fire exercises in the?waters to the southwest of Japan's remote?Island Okinotori early Sunday morning, while operating with Russian naval vessels.
Oil prices would rise if the Houthi Red Sea Blockade took place, but there are ways to limit its impact.
If the Houthis succeed in closing the Bab el-Mandeb Strait, they would be able to disrupt fuel supplies, increase the price of crude oil, and put pressure on the global economy. Yemen's Iran aligned Houthis declared a navy blockade on Saudi Arabia Monday, according to its military spokesperson. The closure of the southern Red Sea gateway would eliminate a vital alternative route that the kingdom uses to reach the Strait of Hormuz, and increase fears of shortages.
New Delhi reports four Indians killed by attack on ship leaving Ukraine Odesa
India's foreign ministry released a statement late on Monday confirming that an attack on a ship leaving a southern Ukrainian port of Odesa had killed four Indians. Another was in a critical condition in the hospital. Russia hit the Golden Leo - ?a Guinea-Bissau-flagged ?ship manned by a ?crew from India and Syria - with three cruise missiles on Sunday, Ukraine's navy wrote on ?the Telegram messaging app.
Marine Group Boat Works Wins Contract to Build Low-Emissions Catalina Express Ferry
Marine Group Boat Works (MGBW), a boatbuilding and repair company operating a shipyard in Chula Vista, California, has been selected to begin construction of a new low-emissions passenger ferry for Catalina Express. The vessel is expected to be launched and begin sea trials in the third quarter of 2027. Catalina Express is part of the LA MER (Los Angeles Marine Emission Reduction) project, a collaborative initiative between CARB and the Port of Los Angeles.
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Fincantieri, an Italian company, will build three frigates for Portugal
Italy's Prime Minster Giorgia meloni announced on Monday that Portugal has decided to purchase three frigates from Italian shipbuilder Fincantieri. She hailed the 'deal' as a boost for Europe’s defence industry. FREMM fregates are multi-purpose warships designed by Fincantieri in collaboration with France's Naval Group. Sources with knowledge of the matter estimate that the deal with Portugal is worth EUR3 billion (USD3.4 billion).
Russian Wheat Export Prices Soar Amidst Escalating Hostilities
Russian wheat export prices surged last week amid difficult shipping conditions in the Black Seaand a new wave of attacks in the Strait of Hormuz, analysts said on Monday. Forecasts for July wheat shipments from Russia continued to fall, even as domestic wheat prices declined sharply across all regions this week, they added, noting that weak demand at the Azov Sea and Volga terminals was impacting domestic prices.
10 Dead in Russian Missile Strike on Corn Ship in Black Sea
A Russian missile strike on a ship carrying corn near Ukraine's southern port of Odesa killed 10 people, Ukrainian officials said on Monday, in the deadliest attack in a weeks-long flare-up of violence in the Black Sea. Russia hit the Golden Leo – a Guinea-Bissau-flagged ship manned by a crew from India and Syria – with three cruise missiles, causing a fire on Sunday, Ukraine's navy wrote on the Telegram messaging app.
Ship-to-Ship Oil Transfers in Gulf of Oman Slow After Recent Vessel Attacks
Oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces, according to satellite analysis and sources. Since the start of the Iran war in late February, ship-to-ship (STS) transfers between tankers have helped enable oil to leave the Gulf despite the threats to commercial vessels sailing through the Strait of Hormuz.
Houthis Announce Naval Blocked on Saudi Arabia
Yemen's Iran-aligned Houthis said on Monday they were imposing a naval blockade on Saudi Arabia, a move that opens a new front against the United States in its war on Iran and widens the threat to global energy supplies and trade beyond the Gulf. The Houthis made their announcement despite signs that Tehran and Washington want to resume diplomacy to halt a worsening cycle of attacks that has all but wrecked a fragile interim agreement signed last month.