The keel of the first naval support ship for the Portuguese Navy was laid in Ada Shipyard in Istanbul this week. Turkish shipbuilder STM signed a contract to construct two Auxiliary Oiler Replenishment (AOR) and Logistics Support Ships in Lisbon on December 17, 2024. This marked Turkey’s first military ship export to a European Union and NATO member state. The ceremony was attended by the defence ministries, commanders of naval forces and air forces of both countries. The shi

The U.S. Coast Guard Cutter Seneca has intercepted a suspected drug-smuggling vessel in the Eastern Pacific Ocean, seizing about 4,400 pounds of cocaine and detaining three suspected traffickers. The seized drugs are valued at over $33 million. The interception took place northwest of Ecuador as part of Operation Pacific Viper, a mission targeting drug trafficking routes used by criminal organisations moving narcotics from South America to the United States. The operation aim

In maritime trade, the shipowner occupies a central position, not merely as the owner of the vessel but as the party ultimately responsible for ensuring that the ship can safely and legally participate in global commerce. While charterers, shippers, and agents all play defined roles, the shipowner’s responsibilities form the foundation on which the entire operation rests. A clear understanding of these duties is essential for anyone involved in shipping contracts, vessel oper

Adani Ports and Special Economic Zone Limited (APSEZ) has completed the acquisition of 100% ownership of NQXT Australia, a natural deep-water, multi-user export terminal located at Abbot Point in North Queensland. The company confirmed that the transaction was concluded after fulfilling all regulatory and procedural requirements. These included approvals from majority-of-minority shareholders, the Reserve Bank of India, and Australia’s Foreign Investment Review Board, among o