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South Korea, UAE agree to slash import duties, strengthen ties
South Korea and the United Arab Emirates signed a trade agreement at a summit on Wednesday to sharply cut import…
Houthis Armed with New Iranian-Designed Missile as Attacks Increase
In their latest announcement, the Houthis reported that they have increased the attacks on shipping in response to the continued…
U.S. Aid Pier for Gaza Breaks Up in Heavy Weather
The temporary floating pier that U.S. forces constructed to supply aid to Gaza has been damaged in a storm, and…
Somaliland: Ethiopian Naval Base Could Help Contain Houthis
The leader of the breakaway region of Somaliland believes that a future Ethiopian naval base – the first since Ethiopia…
Spanish Tanker Company Marflet Marine to Add Suction Sails to First Tanker
Marflet Marine, one of Spain’s oldest private shipping companies, is joining the growing list of ship operators adopting wind-assisted propulsion.…
Coast Guard Cutter Munro Delivers 34,000 Pounds of Cocaine to San Diego
The crew of the U.S. Coast Guard cutter Munro has delivered a massive 34,000-pound haul of cocaine to the pier…
Ørsted Agrees to Pay $125M Settlement to Cancel New Jersey Wind Farms
Seven months after announcing it was walking away from two large offshore wind farms planned for New Jersey, Ørsted and…
Cyprus Terminates Larnaca Port Concession Over Development Dispute
The Government of Cyprus in an ongoing dispute with the long-time leaseholder at the port of Larnaca announced it has…