10 JULY 2025 Ukraine’s National Agency for Tracing and Asset Management (ARMA) reported the completion of the sale of a controversial Russian tanker that was alleged to have been involved in a 2018 incident in which Russia arrested Ukrainian Navy sailors. The vessel was seized the following year and was …
Read More »PIRACY INCIDENTS SURGE TO FIVE-YEAR HIGH DRIVEN BY SINGAPORE STRAIT
09 JULY 2025 The mid-year report on piracy and armed robberies against ships shows the number of incidents surged up 50 percent in the first six months of 2025, reports the ICC International Maritime Bureau (IMB). The Piracy Reporting Center is urging caution and expressing strong concern, noting that the …
Read More »INDIA DETAINS MSC SHIP AS IT SEEKS $1B IN COMPENSATION FOR MSC ELSA 3
08 JULY 2025 The Kerala State Government in India followed through on its earlier assertions and filed a compensation claim in the courts against MSC for damages as a result of the loss of the MSC Elsa 3 off the coast in late May. As part of the claim, the …
Read More »HOUTHIS CLAIM BULKER SANK AFTER YESTERDAY’S ATTACK AS CREW REACHES SAFETY
07 JULY 2025 A spokesperson for the Houthi militants in Yemen issued a statement claiming that the Greek-owned bulker Magic Seas sank today in the Red Sea, less than 24 hours after it was attacked. They provided details on a coordinated and prolonged attack on the vessel as they promised …
Read More »MOL AND KARPOWERSHIP PLAN TO CONVERT CAR CARRIERS TO FLOATING DATA CENTERS
06 JULY 2025 Japan’s Mitsui O.S.K. Lines and Kinetics, an initiative from Karpowership, believe they have a concept to address the global shortage for data centers. Using the two companies’ expertise, they are developing a plan to convert existing vessels into data centers that can be powered from mobile power …
Read More »U.S. LAUNCHES EIGHTH ROUND OF SANCTIONS TARGETING IRAN’S OIL AND TANKERS
05 JULY 2025 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) launched its next round of sanctions targeting Iran through six entities involved in an extensive smuggling network, as well as four tankers that the U.S. contends collectively have transported and purchased billions of dollars’ worth …
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