$8 Million Yacht Capsizes Near Annapolis
On Saturday, a 122-foot yacht capsized on Maryland’s Rhode River, forcing the crew to abandon ship. At about 1230 hours…
Israeli Navy Shoots Down Drone Near Karish Offshore Gas Field
On Saturday, the Israeli Defense Forces (IDF) reported that an Israeli Navy warship shot down a drone off the coast…
One Knot at a Time
Seals are important for the role they play in containing pressure and eliminating leakage and contamination. Bearings reduce friction and…
Turkey Rolls Out its Own Carbon Price on Shipping
The Turkish parliament has recently approved plans for a carbon pricing mechanism for the country’s shipping sector. The amendment to…
EU Protests Taiwan’s Local Content Rules for Offshore Wind Farms
The European Union has filed a formal challenge to a longstanding Taiwanese directive that requires offshore wind developers to source…
Russian Navy "Missing" From Sea of Azov
After a series of Ukrainian attacks on the Kerch Strait ferry service, the Russian Navy has stopped patrolling the Sea…
Yellen says G7 can reach deal on $50 bln Ukraine loan by October
U.S. Treasury Secretary Janet Yellen told Reuters on Friday that “things look good” for Group of Seven wealthy democracies to…
Asia’s AI-chip trade growth continues to boom
The most remarkable thing about Northeast Asian economies – South Korea, Japan, and Taiwan – is the robust growth in…
First Bank of England rate cut since 2020 hangs on knife edge
The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than…
Bulker Breaks Apart in Storms Causing Oil Spill off South Africa
The bulker that capsized and washed ashore on the west coast of South Africa broke up during storms over the…