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News
Asian refiners look for alternative crude as Middle East prices rise
1+ day, 11+ hour ago (500+ words) Spot premiums for Middle Eastern crude benchmarks hit their highest in two months as attacks on two tankers in the Red Sea triggered a rerouting of some Saudi oil shipments via a route that circles Africa, further disrupting supply flows....
TKMS and Navantia sign second MOU for submarine partnership
1+ day, 10+ hour ago (136+ words) TKMS and Navantia have signed a second memorandum of understanding to advance their strategic partnership in the submarine sector. The two naval companies intend to establish a joint collaboration framework for the production and commercialisation of selected submarine projects by…...
Somali pirates are captors of chemical tanker seized off Yemen
1+ day, 11+ hour ago (176+ words) A merchant ship hijacked in Yemeni waters in the Gulf of Aden last week is now being held by Somali pirates, two residents of Somalia's semi-autonomous Puntland region told Reuters on Thursday. The ship, the Asana, is a Tanzanian-flagged fuel…...
Saronic and Samsung Heavy Industries partner on autonomous shipbuilding technology
1+ day, 12+ hour ago (203+ words) Baird Maritime Saronic and Samsung Heavy Industries have formed a strategic partnership to develop autonomy-capable maritime systems aimed at strengthening the US shipbuilding industrial base.Under the partnership, the firms will explore artificial intelligence-powered digital solutions, autonomous systems, and robotics-based…...
Hormuz daily ship count sticks to three as crude spikes back to $100
1+ day, 11+ hour ago (355+ words) Daily vessel transits of the Strait of Hormuz were steady at three for each of the past three days, according to preliminary shiptracking data, amid continuing shipping risks in the Middle East and as oil prices surged back to $100 a…...
Ukrainian defence tech firm signs US autonomous vessel partnership
1+ day, 10+ hour ago (187+ words) Baird Maritime Ukraine-origin and UK-based defence technology firm Uforce signed a memorandum of understanding with combatant craft manufacturer ReconCraft to build autonomous surface vessels in the US.Under the agreement, Uforce will join US drone dominance initiatives to supply full-stack…...
Viability doubts prompt Thailand to downsize $30b "land bridge" plan
1+ day, 10+ hour ago (264+ words) Thailand's government said on Friday it will revise and scale down an ambitious $30 billion plan to build a coast-to-coast "land bridge" after a review cast doubt on the megaproject's commercial viability. It will instead pursue the expansion of a port…...
China fires water cannon at Philippine ships for second straight day
1+ day, 11+ hour ago (478+ words) The Philippine Coast Guard on Friday accused its Chinese counterpart of firing water cannon at government vessels near a disputed shoal for a second day, in the third confrontation between the two countries in the South China Sea this week....
VIDEO | China fires water cannon at Philippine ships for second straight day
1+ day, 10+ hour ago (478+ words) The Philippine Coast Guard on Friday accused its Chinese counterpart of firing water cannon at government vessels near a disputed shoal for a second day, in the third confrontation between the two countries in the South China Sea this week....
SLB tops Q2 profit targets despite Middle East weakness
1+ day, 10+ hour ago (379+ words) SLB beat expectations for second-quarter profit on Friday, as resilient demand across key markets helped the top oilfield services firm ride out weakness in the Middle East due to the Iran war, sending its shares up 7.2 per cent in morning…...