Maritime Vessels Directory

Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's allies such as Iran, the Yemeni militant group's foreign minister said.Jamal Amer spoke to Reuters late on Monday after the U.S. launched a wave of strikes in areas of Yemen controlled by the Iran-aligned Houthis, who said last week they were resuming attacks on Red Sea shipping to support Palestinians in Gaza.Two senior Iranian officials told Reuters that Iran had delivered a verbal message to the Houthi envoy in Tehran on Friday to cool tensions and that Iran's foreign minister asked Oman, which has mediated with the Houthis

Hanwha Aims to Buy a Piece of Austal

3 days ago

Korea's Hanwha aims to buy up to 9.9% of Australian shipbuilder Austal in an after-market offer following its failed A$1.02 billion ($646.17 million) takeover bid last year, a term sheet showed on Monday.Hanwha has offered A$4.45 each for 41.2 million Austal shares, showed the term sheet reviewed by Reuters.The deal's bookrunners, in a message seen by Reuters, told investors the books had been covered for the transaction.The Korean company does not intend to make a takeover bid for Austal "at this time", the term sheet showed.Hanwha and Austal did not immediately respond to requests for comment.The offer price represents a 16.2% premium to Austal's closing share price on Monday of A$3.83.

Salvage Efforts for Stena Immaculate Tanker Continue in North Sea

3 days ago

Stena Bulk, the owner of the Stena Immaculate oil tanker, said it is working closely with the manager of the vessel Crowley and U.K. agencies following the last week’s allision with incident the container ship Solong.Salvage experts from SMIT Salvage are continuing with their detailed onboard assessments of Stena Immaculate.As of March 16, the third-party salvage team has confirmed that damage resulting from the containership Solong striking the Stena Immaculate was limited to one cargo tank containing Jet A-1 fuel and one ballast tank containing sea water.At the time of the allision, the Stena Immaculate was carrying 220,000 barrels of Jet A-1 fuel.

Houthis to Escalate Attacks

3 days ago

The United States will keep attacking Yemen's Houthis until they end attacks on shipping, the U.S. defense secretary said on Sunday, as the Iran-aligned group signaled it could escalate in response to deadly U.S. strikes the day before.The airstrikes, which the Houthi-run health ministry said killed at least 53 people, are the biggest U.S. military operation in the Middle East since President Donald Trump took office in January. One U.S. official told Reuters the campaign might continue for weeks.Houthi leader Abdul Malik al-Houthi said on Sunday that his militants would target U.S. ships in the Red Sea as long as the U.S. continues its attacks on Yemen.

CK Hutchison Reports 11% Profit Drop in 2024

22 minutes ago

CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium.The telecoms-to-retail conglomerate, owned by billionaire Li Ka-shing, said this month it had agreed to sell most of its global ports business, including assets near the strategically important Panama Canal, in a deal that would garner the firm more than $19 billion in cash.Its shares initially rallied after the deal, with investors cheering the high purchase price.

Maritime Reporter and Engineering News (February 2025)