Two vessels operated by South Korean shipping companies have safely navigated through the Strait of Hormuz, marking the first successful transit by South Korean-linked ships since Washington and Tehran reached an agreement last week to reopen one of the world’s most strategically important shipping corridors.
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The global aquatic food industry is set for continued growth, with Asia firmly maintaining its position as the world’s leading producer of fish, seafood, and aquaculture products, according to the latest report released by the Food and Agriculture Organization (FAO) of the United Nations.
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Canada is approaching a critical decision in its multibillion-dollar naval modernization program, with South Korea and Germany locked in a high-stakes competition for a submarine contract valued at approximately $39 billion (60 trillion won).
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A new technology venture backed by billionaire investor Peter Thiel is exploring an innovative approach to meeting the growing energy demands of artificial intelligence by developing floating offshore data centers powered by renewable energy and cooled by seawater.
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The flow of oil shipments through the Strait of Hormuz increased on Friday following the signing of a ceasefire agreement between the United States and Iran, offering a temporary boost to global energy markets. However, growing concerns over new Iranian transit requirements and potential shipping fees continue to raise questions for tanker operators, oil traders, and maritime stakeholders.
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Scientists record the first-ever direct evidence of an Arabian Sea humpback whale crossing the Arabian Sea, revealing critical insights for marine conservation, biodiversity protection, and ocean ecosystem management.
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Russia has officially celebrated the naming of its second domestically supported Arctic LNG carrier, marking another milestone in the country’s ambitious strategy to expand Arctic energy exports and strengthen year-round shipping operations along the Northern Sea Route (NSR).
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Global shipping operations through the Strait of Hormuz are unlikely to return to normal anytime soon, as approximately 80 sea mines remain in the vital maritime corridor, according to the international tanker owner association Intertanko.
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Pakistan’s Prime Minister Shehbaz Sharif announced early Thursday that the United States and Iran have electronically signed a memorandum of understanding (MoU) aimed at ending their ongoing conflict, with the agreement taking immediate effect.
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Germany has deployed two naval vessels to the Red Sea as preparations continue for a possible international mission to help secure the Strait of Hormuz, one of the world’s most important shipping corridors for oil, gas, and global trade.
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A coalition of 15 countries from Africa, Asia, Europe, the Caribbean, and the Pacific has adopted the Mombasa Declaration, a major international initiative aimed at combating illegal, unreported and unregulated (IUU) fishing, a global challenge estimated to cost the world economy up to $50 billion every year.
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The twin ports of Southern California delivered an impressive performance in May, reporting strong cargo growth and reinforcing confidence in the near-term outlook for global shipping, container trade, and supply chain activity.
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Legal proceedings linked to the sinking of the MSC Elsa 3 continue as the Kerala High Court advises four foreign crew members to seek permission from a trial court before leaving India.
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ranian crude oil exports have resumed for the first time in two months as several oil tankers crossed the United States blockade line in the Strait of Hormuz, signaling a potential easing of tensions ahead of upcoming US-Iran negotiations aimed at ending the conflict and restoring energy trade.
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ABS and MOBY Robotics Inc. have signed a Memorandum of Understanding (MoU) aimed at accelerating the development of next-generation subsea mining technologies and offshore mineral transportation systems.
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