Precious Shipping warned that Asean countries may not benefit from greater investment and export gains as happened during the previous Trump administration’s US-China tariff war

US Senate hearing speakers theorised that Chinese workers could collapse under-construction bridge over Panama Canal, directed by spies in Balboa and Cristobal ‘observation posts’, to block US military forces from responding to a Chinese attack in Taiwan

Russia-trading dark fleet tanker has incurred $2m in losses since it was seized by authorities in Finland on December 26, the vessel’s lawyer told Finnish media

Three companies that owned undersea cables, which were allegedly damaged by the tanker, applied to the court for the seizure of the vessel

Both the panamax and supramax segments continue to struggle but the foundation stone of capesizes has also began to fall consistently

Cash buyer Wirana Shipping reports four 1990s-built panamax bulk carriers have been sold for scrap amid weak demand for recycled steel

Herman Ljungberg, who represents owners Caravella LLC FZ, said Finnish authorities had ‘no jurisdiction whatsoever’ to board the tanker

The remuneration, which consists of one month of performance bonus and four months of end of year bonus, is lower than the year-ago level, however

‘We are approaching a period of potential increased flow of recycling tonnage, but at present uncertainties prevail at multiple fronts geopolitically,’ says cash buyer Wirana Shipping

The Cook Islands-flagged tanker accused of cable cutting in the Gulf of Finland has been detained before, when 24 deficiencies were found in Tema, Ghana, in September 2023

Finnish state-owned broadcaster Yle said the Swedish naval vessel HMS Belos recovered the anchor and has since handed it over to the country’s authorities for investigation

This is the first ship intercepted by a Baltic country accused of sabotaging undersea cables,underscoring the high-stakes legal manoeuvrings underway to keep Russia-linked tanker apprehended in Finnish waters