Industry News

Red Sea Security Insurance Nearly Doubles After Sounion Attack Insurance costs for ships traveling through the Red Sea have nearly doubled after Yemen’s Houthi rebels attacked a tanker that appeared to be leaking oil, raising environmental concerns about the trade route, oil industry sources said on Wednesday. The Iran-aligned Houthis first launched drone and missile […]

The US Virginia-class submarine USS Hawaii (SSN 776) has arrived at the USS Stirling in Western Australia. The historic visit marks Australia’s first Submarine Maintenance Period (STMP) and showcases the growing partnership between Australia, the United States and the United Kingdom. US Navy Submarine Undergoes Maintenance In Australia For The First Time The SMTP will

Nearly 20,000 workers at India’s main ports, who had threatened to strike indefinitely from Wednesday, ended their walkout late on Tuesday after agreeing to a new five-year deal. The deal avoids further problems for an already strained global supply chain that is suffering from high shipping costs and congestion at major ports in Asia and

A Royal Malaysian Navy Ship Completely Sank Off The Coast Of Johor Due To Severe Flooding A Royal Malaysian Navy (RMN) ship sank after colliding with an underwater object off the coast of Johor on August 25, 2024. All 39 crew members on board were safely evacuated with no casualties. The ship, named KD Pendekar,

Indian Coast Guard rescues 11 people from sunken cargo ship through swift sea and air operations On the evening of August 26, 2024, the Indian Coast Guard successfully rescued 11 crew members of the cargo ship MV ITT Puma, which sank in the Bay of Bengal. The ship sank due to rough seas about 90