SEA
Oil prices rise on US attack on Houthis and China economic hopes
Oil prices rose on Monday due to U.S. military actions against Yemen's Houthis and encouraging Chinese economic data. The U.S. continues its campaign against Houthi attacks on shipping, while China's retail sales growth shows promise despite some economic challenges.
New US airstrikes on Yemen pile pressure on Iran-aligned Houthis
The United States launched airstrikes on Yemen, targeting the Houthi movement which has been disrupting global shipping. At least 53 people died in the attacks. The strikes come as tensions rise between the U.S. and Iran. The Houthis threatened to target U.S. ships in response, while Israel also continues its military operations in Gaza.
US and Iran-backed Houthis both vow escalation after airstrikes target rebels in Yemen
The U.S. launched airstrikes against Iran-backed Houthi rebels in Yemen, killing at least 53 people, to deter attacks on military and commercial vessels in the Red Sea. Secretary of State Marco Rubio vowed to prevent Houthi control over shipping routes. The Houthis retaliated with drone and missile attacks. Tensions escalate as the U.S. warns Tehran of accountability.
'Hell will rain down': Trump launches large-scale strikes on Yemen's Houthis, issues blistering war threat
At least 21 people have been killed in large-scale US military strikes on Yemen's Houthi rebels, ordered by President Trump. The attacks were a response to the Houthis' targeting of Red Sea shipping routes, with Trump warning Iran to stop supporting the Houthis. Trump issued a blistering four-word war threat to Houthis.
As Trump's tariff threats loom large, exporters take wind out of shippers' sails
Exporters in sectors like electronics, gems and jewellery, apparel, and footwear are airlifting goods to the US to avoid reciprocal tariffs starting April 2. This method is mainly viable for specific products due to time constraints. Exporters are adjusting shipment volumes to accommodate buyer requests, spreading deliveries over several months.
What forced Donald Trump to order airstrikes against Iran-backed rebels in Yemen?
Houthi rebels started attacking military and commercial ships on one of the world’s busiest shipping corridors shortly after the war in Gaza began between Hamas and Israel in October 2023.
- Go To Page 1
Huthis vow 'escalation' after US strikes on Yemen kill 31
Yemen's Iran-backed Huthis vowed to retaliate with increased force following a deadly series of intense US airstrikes. The bombings resulted in significant casualties, including women and children, and marked a severe escalation in the conflict, drawing international condemnation and heightening tensions with Iran and the United States.
White House says 'multiple' Huthi leaders killed, Iran 'on notice'
US airstrikes killed several Huthi leaders in Yemen and put Iran 'on notice' to stop supporting the rebel group. The White House emphasized that all options are on the table to prevent Iran from obtaining a nuclear weapon, warning of severe consequences if Huthi attacks continue.
China delivers second of eight modern submarines to Pakistan navy
China has delivered a second advanced Hangor-class submarine to Pakistan, bolstering its naval capabilities in the Arabian Sea and Indian Ocean. This delivery is part of a broader $5 billion deal which includes eight submarines and four modern frigates, highlighting China's significant role in Pakistan's military development.
Trump launches large-scale strikes on Yemen's Houthis, at least 31 killed
President Trump ordered airstrikes on Yemen's Sanaa, targeting Houthi rebels to protect American shipping and restore navigational freedom. He warned Iran against supporting the Houthis and vowed accountability. The strikes follow Houthi threats to resume attacks on Israeli vessels in response to Gaza's blockade.
Explainer: Who are Yemen's Houthis and why are they under attack by the US?
US President Trump has started a significant military operation against Yemen's Iran-aligned Houthis due to resumed Red Sea shipping attacks. The strikes have resulted in at least 24 deaths. The Houthis, backed by Iran, have escalated tensions by targeting shipping routes to support Palestine.
China reportedly conducts landing drills in South China Sea amid military tensions
China has recently conducted amphibious landing drills in the South China Sea using specialized vessels capable of deploying military vehicles and troops onto beaches. The exercises, resembling those needed for an island invasion, occurred in Zhanjiang, Guangdong province. These drills come amid rising tensions over Taiwan's self-rule and indicate China's growing military capabilities and preparations for potential conflicts.
G7 condemns China's "illicit, dangerous" maritime actions in Indo-Pacific
The G7 foreign ministers condemned China's aggressive maritime actions in the Indo-Pacific, including land reclamation and militarization. They emphasized concerns over freedom of navigation and China's military build-up, urging China to engage in strategic talks and avoid export control measures that disrupt supply chains.
Tough G7 statement drops 'one China' reference from Taiwan language
G7 foreign ministers toughened their stance on China, enhancing their language on Taiwan and dropping conciliatory references to 'one China' policies. They expressed concerns over China's nuclear build-up and actions in the East and South China Seas. The ministers emphasized opposition to changing the status quo by force and raised alarms about China's non-market practices and potential supply chain disruptions.
Europe's military personnel shortfalls exposed as Trump warns US security priorities lie elsewhere
NATO's defense preparations have been revamped post-Russia's aggression in Ukraine, emphasizing the urgent need for Europe to bolster its military capabilities. European nations struggle with troop shortages and must consider conscription or enhanced coordination to meet potential Russian threats by 2030.
PDP Shipping IPO fully subscribed on Day 3: Check GMP, price band and other details
PDP Shipping IPO: PDP Shipping & Projects’ SME IPO closed with a 1.01x subscription, with retail investors bidding 1.88x. The company aims to raise Rs 13 crore, but grey market demand remains muted. Funds will support working capital and corporate purposes.
Yemen's Houthi rebels say 'any Israeli vessel' in nearby Mideast waterways again a target
Yemen's Houthi rebels have declared any Israeli vessel in Mideast waters a target, demanding Israel resume aid to Gaza. This warning threatens crucial maritime routes and potentially affects aid shipments. The Houthis emphasize their actions are in support of Palestinians, and they previously targeted ships, heightening global concerns. Israel has not yet responded.
Another sea of red as tariffs trump ceasefire hopes
Wall Street struggles to recover from recent losses despite potential Russia-Ukraine ceasefire news, with President Trump's tariff hikes on Canada adding pressure. Major indexes hit five-month lows and the market faces increasing uncertainty, affecting spending, investment, and sentiment.
At sea on US tariffs, incentives in works to check decline in exports
India is considering offering new incentives to exporters to counter the decline in outbound shipments and potential impact of reciprocal tariffs by the US. The proposed ₹2,250 crore Export Promotion Mission aims to boost exports, despite a recent decline in India's goods exports. The government hopes to achieve $800 billion in goods and services exports this fiscal year.
Under the waves
Greenpeace UK's Oceans: Life Under Water podcast hosted by Hannah Stitfall explores the deep sea's wonders and conservation challenges. Submarine pilot John Hocevar shares thrilling discoveries and mysteries of the ocean floor, emphasizing the critical need to protect these largely unknown ecosystems.
US tanker and cargo ship collide off UK coast, sparking fires and environmental disaster fears
A US-linked tanker, Stena Immaculate, collided with the Solong container ship in the North Sea, causing fires and leaving one crew member missing. Authorities are investigating the matter while emergency teams work to contain potential oil spills. Experts warn of severe environmental risks if the jet fuel leak is not swiftly controlled.
India's edible oil imports hit 4-year low, depleting inventories
India's edible oil imports in February fell to their lowest level in four years, with significant declines in soyoil and sunflower oil imports. This drop led to the lowest inventory levels in three years. February saw a slight increase in palm oil imports, while overall vegetable oil imports decreased by 12%, necessitating anticipated purchases in the coming months.
Stena Immaculate crash: Cargo vessel collides with oil tanker off UK coast, 37 people brought ashore
Stena Immaculate, a US-registered oil tanker, and a Portuguese-flagged container ship, Solong, collided in the North Sea of the UK coast on Monday morning. Post the incident, 37 people were brought ashore and ambulances were called to take them to the hospital. Stena Immaculate was carrying jet fuel when it was hit by Solong.
Netizens call man ‘lucky’, 'insane' and ‘foolish’ after posting an underwater picture handling a 'shelly' sea creature. Here is why
A man shared his close call with a deadly textile cone snail while snorkeling in Egypt’s Red Sea. Initially unaware of the creature's venomous nature, he posted a photo online, only to learn later that he had handled one of the most dangerous animals in the ocean. Reflecting on the incident, he vowed never to touch a seashell again.
North Sea tanker and cargo ship 'rare' collision injures 32
A major rescue operation was launched after a collision between an oil tanker and a cargo ship in the North Sea on Monday, which caused a large blaze and left 32 people injured. The injured were brought ashore for treatment.
Ukraine to propose sky, sea truce at US talks in Saudi: Official
Kyiv plans to propose an aerial and naval ceasefire with Russia during talks with US officials in Saudi Arabia. President Zelensky is set to meet Saudi Crown Prince Mohammed bin Salman. The US aims to create a peace framework and initial ceasefire. Washington suspended military aid to Ukraine to encourage peace talks with Moscow.
PDP Shipping IPO subscribed 14% on Day 1: Check GMP, price band and other details
PDP Shipping & Projects' SME IPO was subscribed to 14% on the first day, aiming to raise Rs 13 crore. The issue saw 26% subscription from retail investors, priced at Rs 135 per share with a minimum bid of 1,000 shares. Funds will be used for long-term working capital and corporate purposes.
Man drops GoPro in deep ocean while on cruise. Terrifying footage leaves internet stunned
A Greek photographer, Odysseas Froilan, used a GoPro to uncover the ocean's secrets beneath a cruise ship, capturing both serene marine life and lurking sharks. The footage highlights the hidden dangers of the sea, deterring many from venturing into its depths.
Load More
