Unexploded Ordnance From the Past Poses a Threat to Ocean’s Future
So many Second World War ships and planes were sunk around Savo Island in months of conflict between the US…
Ukraine Destroys an Offshore Platform Used for GPS Spoofing
Last week, the Ukrainian Navy launched an operation to fight back against Russian GPS spoofing – with force. According to…
Class Acts
Maritime classification societies have long served as a key functional element of waterborne trades, spanning industry sectors and ship types…
LA Resident Arrested for Shipping Meth to Australia
U.S. authorities have arrested a Los Angeles resident on charges of attempting to smuggle methamphetamine out of the United States…
U.S. Coast Guard Tracks Russian Spy Ship Off Aleutian Islands
Last week, the U.S. Coast Guard intercepted and followed a Russian Navy surveillance ship off the coast of the Aleutian…
China’s mounting bad debts have fewer places to go
Tackling China’s $470 billion bad debt pile is getting harder. China Bohai Bank 9668.HK, which is 16%-owned by Standard Chartered…
US retailers rush holiday imports, fearing strikes and disruptions
Retailers are fueling a summer rush of imports to the United States this year, as companies guard against a potential…
Developed Europe Economic Recovery Underway, Private Consumption Strengthening
Fitch Ratings-London-05 August 2024: Developed Europe’s economic recovery prospects have firmed up as the reversal of the 2022 terms-of-trade and…
Central banks are turning the ship, but their path is unclear
Decisions by major central banks this week brought the end of pandemic-era monetary policy into closer view, but also highlighted…
A lacklustre effort from the eurozone’s Big Three
The eurozone as a whole Before we move to the Big Three, let’s look at the eurozone as a whole,…