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Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and has been emboldened by an insufficient international response, Yemen's top diplomat said on Monday."The Houthis want to copy the Iranian model and this will shut dow
https://www.marinelink.com/news/houthis-model-irans-hormuz-control-red-541564
https://www.marinelink.com/news/houthis-model-irans-hormuz-control-red-541564Police authorities have seized more than 2.6 tonnes of cocaine, with an estimated street value of €500 million ($570 million), in the Atlantic Ocean off the coast of Portugal, Italy's border and customs police said on Monday.The drug was found…
https://www.marinelink.com/news/police-seize-tonnes-cocaine-off-portugal-541565
https://www.marinelink.com/news/police-seize-tonnes-cocaine-off-portugal-541565U.S. Coast Guard Cutter Charles Sexton's crew seized approximately 2,380 pounds of presumptive marijuana worth an estimate of $2.8 million, Saturday, following an interdiction of a suspected drug-smuggling vessel approximately 80 miles southwest of Great Inagua…
https://www.marinelink.com/news/coast-guard-seizes-marijuana-off-541566
https://www.marinelink.com/news/coast-guard-seizes-marijuana-off-541566Taiwan will test relocating weapons production lines and converting civilian factories for military use in annual drills next month, the defence ministry said on Tuesday, aiming to sustain combat operations if Chinese attacks hit supply hubs.The exercise…
https://www.marinelink.com/news/taiwan-conducts-drills-chinese-attack-541567
https://www.marinelink.com/news/taiwan-conducts-drills-chinese-attack-541567Apollo has agreed to invest $1.5bn in a new Keppel-managed fund set up to hold up to 10 legacy offshore drilling rigs. The Keppel Offshore Fund will initially acquire six operational rigs from Keppel subsidiary Rigco Holding for about S$1.2bn ($957m). Keppel is expected to receive around $478m in cash from the first phase, which …
https://splash247.com/keppel-brings-apollo-into-legacy-rig-sell-down/
https://splash247.com/keppel-brings-apollo-into-legacy-rig-sell-down/South Korea’s DH Shipbuilding has landed two more suezmax tanker newbuildings, taking the yard’s order intake this year to a record 17 ships. The contract with an unnamed new European customer is worth KRW271.3bn ($196m) and covers two 157,000 dwt crude carriers for delivery by the end of 2029. The deal represents about 22% of …
https://splash247.com/dh-shipbuilding-sets-annual-order-record-with-fresh-suezmax-pair/
https://splash247.com/dh-shipbuilding-sets-annual-order-record-with-fresh-suezmax-pair/Asyad Shipping has agreed to sell 20% stakes in the companies that own two of the Omani group’s latest LNG carriers. Oman LNG Development Foundation Investment Fund and Mars Development and Investment will each acquire 10% of the vessel-owning companies behind Muscat LNG and Musandam LNG. Asyad will retain the remaining 80% in both companies. …
https://splash247.com/asyad-brings-omani-investors-into-lng-carrier-pair/
https://splash247.com/asyad-brings-omani-investors-into-lng-carrier-pair/New York-listed Greek bulker owner Diana Shipping has secured a 65% rate increase for its newcastlemax Philadelphia in a fresh fixture with Classic Maritime. The 2012-built, 206,040 dwt vessel will earn $35,500 per day, less a 5% commission, from August 8. The charter runs until at least March 10, 2027, with Classic able to keep …
https://splash247.com/diana-rolls-newcastlemax-into-bumper-fixture/
https://splash247.com/diana-rolls-newcastlemax-into-bumper-fixture/Fraser Industries LLC announced that it has signed a memorandum of understanding (MOU) on cooperation for shipyard modernization to revitalize the U.S. shipbuilding industry with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate…
https://www.marinelink.com/news/fraser-industries-llc-signs-shipyard-541548
https://www.marinelink.com/news/fraser-industries-llc-signs-shipyard-541548On July 23rd, 2026 Amtech, courtesy an invitation from the U.S. Department of Commerce, attended the Grand Opening of the Korea-U.S. Shipbuilding Partnership Center (KUSPC) in Washington DC, a Secretary level event with invitations provided to recognized leaders in the U.S.
https://www.marinelink.com/news/kuspc-commercial-shipbuildings-new-541549
https://www.marinelink.com/news/kuspc-commercial-shipbuildings-new-541549