December 31, 2024
Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the anchor of seized tanker Eagle S. Working under water, “we have been able to identify the dragging track at the …
December 27, 2024
NATO said on Friday it would boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel …
December 20, 2024
Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options under consideration range …
December 19, 2024
Denmark warned that Russia’s navy may start escorting the so-called shadow fleet tankers through Danish straits to escalate provocations against NATO countries. Threats against Denmark have become “more serious,” and Russia now has more options to challenge North Atlantic Treaty …
November 22, 2024
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure. A high-speed fiber optic cable connecting Finland and Germany was …
November 19, 2024
An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely an external impact and a nearby link between Lithuania and Sweden was also damaged. The 1,200-kilometer (750-mile) high-speed fiber optic …
October 10, 2024
The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains, according to a report published by Lloyd’s, …
October 8, 2024
Russia targeted a ship loaded with Ukrainian grain with a ballistic missile Monday — the second in two days — killing one person and injuring five, according to the Infrastructure Ministry in Kyiv. The Optima, which sails under the flag …
October 3, 2024
Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court “mega trial” kicked off. Alistair …
October 2, 2024
Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation lessors told a London trial on Wednesday. Mark Howard, …