PRINCIMAR TRUTH

Authorities in the southern Indian state of Kerala are racing to contain an oil spill in the Arabian Sea after the Liberia-flagged container vessel MSC ELSA3 sank over the weekend, releasing fuel and more than 100 cargo containers into the water.The vessel was en route from Vizhinjam to Kochi when it capsized approximately 38 nautical miles off the Kerala coast on Saturday. All 24 crew members were safely rescued, according to local officials. The cause of the incident has not yet been disclosed.The Kerala chief minister’s office confirmed Sunday that the entire ship is now submerged.

The global maritime sector is entering an era of heightened geopolitical and regulatory uncertainty that threatens to offset long-term safety gains, according to Allianz Commercial’s 2025 Safety and Shipping Review. While vessel losses have reached a record low, the industry faces a volatile landscape shaped by trade conflict, increased sanctions, shadow fleets, and ongoing security threats in key shipping lanes.The review underscores how fast-evolving global tensions — from attacks on commercial vessels and sabotage of subsea infrastructure to widespread protectionist policies — are reshaping the risk profile for shipowners, charterers, and underwriters alike.

Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays.The government aims to have 45 gigawatts of offshore wind capacity by 2040, which is essential to cutting the country's dependence on imported coal and gas for power generation, reducing its carbon emissions and bolstering national security.But its plans have stalled following three major rounds of auctions to develop capacity.

A large container ship ran aground early on Thursday (May 22) morning and crashed into the front garden of Johan Helberg who lives near Trondheim in southwestern Norway.The 135m (443ft) Cypriot-flagged cargo ship, the NCL Salten, narrowly missed Helberg's house by mere metres around 0500 local time (0300GMT).Helberg was alerted to the incident by his neighbour Jostein Joergensen who witnessed the ship heading directly for the shore.The NCL Salten had 16 crew members on board, none of whom were injured in the accident.Norwegian police are investigating the incident.

The threat that AI and quantum computing pose to cyber security is already here, even before these technologies are mature enough to crack today’s encryption methods. Bad actors are taking a “harvest now decrypt later” approach to cyberattacks.Classical encryption methods like Rivest–Shamir–Adleman (RSA) and Elliptic Curve Cryptography (ECC) rely on the difficulty of factoring large numbers or solving discrete logarithm problems.“Breaking these public, asymmetric key encryption schemes is a practical impossibility for classical systems.