Federal Cornwallis Ltd.

President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.5 billion for medium Arctic Security Cutters, and $816 million for procurement of additional light and medium icebreaking cutters.President Trump has been pushing to revive U.S. shipbuilding to counter China's growing strength in maritime manufacturing and naval dominance.

A Greek-operated bulk carrier, Magic Seas, sustained severe damage in a multi-pronged attack off the coast of Yemen on Sunday, believed to have been carried out by Houthi militants. All 19 crew members aboard were safely rescued and are expected to arrive in Djibouti later Monday, according to the ship’s operator, Stem Shipping.However, Magic Seas, a Liberian-flagged vessel transporting iron and fertilizers from China to Turkey, is now at risk of sinking, Stem Shipping representative Michael Bodouroglou said. The attack marked the first major maritime assault in the Red Sea corridor since mid-April.

Israel has attacked Houthi targets in three Yemeni ports and a power plant, the Israeli military said early on Monday, marking the first Israeli attack on Yemen in almost a month.The strikes on Hodeidah, Ras Isa and Salif ports, and Ras Qantib power plant were due to repeated Houthi attacks on Israel, the military added.Hours after the strikes, the Israeli military said two missiles were launched from Yemen and attempts were made to intercept them, but the results of interception were still under review.The Israeli ambulance service said it had not received any calls regarding missile impacts or casualties following the launches from Yemen.

The U.S. Coast Guard welcomed the nearly $25 billion investment included in the One Big Beautiful Bill Act Friday — marking the largest single commitment of funding in service history.  The investment strengthens every facet of Coast Guard operations and supports the Service's role as the Nation’s leading drug interdiction and maritime border security force.  It will allow the Coast Guard to procure an estimated 17 new icebreakers, 21 new cutters, over 40 helicopters and six C-130J aircraft while modernizing shore infrastructure and maritime surveillance systems.

The crew of a ship set on fire in an attack in the Red Sea on Sunday abandoned the vessel and were rescued as it took on water, a British maritime agency said, in an assault that private security firm Ambrey said resembles that of the Houthi militant group.The attack, off the southwest coast of Yemen, was the first such incident reported in the vital shipping corridor since mid-April.Maritime security sources said the vessel, which they identified as the Liberian-flagged, Greek-owned bulk carrier Magic Seas, had taken on water after being hit by sea drones. All crew were safe after being rescued by a passing merchant vessel, the United Kingdom Maritime Trade Operations (UKMTO) said.