YANGTZE SPRING

The barge Defiant was refloated from the Castillo San Felipe del Morro shoreline in San Juan Harbor, Wednesday at approximately 2:22 a.m., just before high tide.Salvage crews and tugboat operators prepositioned three tugboats and completed all the preparations, including the pressurization of all cargo tanks, voids and compartments in the barge. The tugboat, Lobo Grande, successfully pulled the barge off the rocks with the assistance of the incoming tide.An earlier attempt on Tuesday only moved the barge approximately 25-feet.The barge is now moored at Pier 16.

Cuban forces killed four people and wounded six others aboard a Florida-based speedboat that entered Cuban waters on Wednesday and opened fire on a Cuban patrol, the Cuban government said at a time of heightened tensions with the United States.The wounded were evacuated and receiving medical attention, while the Cuban patrol commander was also wounded, Cuba's Interior Ministry said in a statement, adding that the matter was under investigation to clarify exactly what happened.The highly unusual incident took place as the United States has blocked virtually all oil shipments to the island, increasing pressure on the Communist-run government.

Swan Defence and Heavy Industries Limited (SDHI) has announced it will complete five offshore support vessels (OSVs) for Kakinada-based San Maritime India, marking a further step in the revival of the Pipavav shipyard.San Maritime has begun docking the vessels at SDHI’s yard in Pipavav for completion under IR Class, after which the ships are expected to serve offshore industry demand.The hulls were acquired by SDHI as part of its acquisition plan for Reliance Naval and Engineering Limited (RNEL) through India’s National Company Law Tribunal (NCLT) process. They were subsequently acquired by San Maritime from SDHI.

Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they defied orders to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington.CK Hutchison said Panama's decision to cancel key port contracts and grant temporary licences to Maersk and the Mediterranean Shipping (MSC) was 'unlawful' as it considers national and international legal action against the country.Panama on Monday published in its official gazette a Supreme Court ruling canceling key port contracts held by a subsidiary of CK Hutchison, known as Panama Ports Company (PPC).

Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.The company said the divestments form part of its strategy to rationalize non-core assets, streamline operations and optimize its cost structure, with all transactions expected to complete by early 2026.