Seaspan Ship Management Ltd.

German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project.Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T), could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said.The project is crucial to India's effort to modernize its military and boost its naval capabilities in the face of China's growing presence in the Indian Ocean region.

Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized their Bahamas-flagged vessel off the Yemeni Red Sea coast, Houthi-owned Al Masirah TV reported on Wednesday.It said the crew were handed to Oman "in coordination" with the three-day-old ceasefire in Gaza's war between Israel and Palestinian militant group Hamas."The release of the Galaxy Leader crew comes within the framework of our solidarity with Gaza and in support of the ceasefire agreement," it quoted the Houthi Supreme Political Council as saying.

U.S. President Donald Trump on Wednesday re-designated Yemen's Houthi movement, known formally as Ansar Allah, as a "foreign terrorist organization", the White House said.The move will impose harsher economic penalties than the Biden administration had applied to the Iran-aligned group in response to its attacks on commercial shipping in the Red Sea and against U.S. warships defending the critical maritime chokepoint.Proponents of the move say it is overdue, though some experts say it could have implications for anyone seen as aiding the Houthis, including some aid organizations.

The Coast Guard announced immediate action on executive orders issued by the White House Tuesday.“The U.S. Coast Guard is the world’s premiere maritime law enforcement agency, vital to protecting America’s maritime borders, territorial integrity and sovereignty,” said Adm. Kevin Lunday, the Coast Guard’s acting commandant. “Per the President’s Executive Orders, I have directed my operational commanders to immediately surge assets—cutters, aircraft, boats and deployable specialized forces—to increase Coast Guard presence and focus starting with the following key areas:Coast Guard Vice Adm.

The Trump administration fired U.S. Coast Guard Commandant Admiral Linda Lee Fagan, the first female uniformed leader of an Armed Forces branch, for putting diversity issues over border security, Fox News Digital reported.See Related story on the US Coast GuardWhile the White House and Homeland Security Department did not immediately return a request for comment on the report, it appears valid from various sources as President Trump promised a rapid shake up in government.Trump adviser Elon Musk, who leads the new administration's effort to cut costs across the federal government, alluded to efforts to promote diversity