EU betting on India and Vietnam for chips – POLITICO

EU betting on India and Vietnam for chips – POLITICO

Meanwhile, Vietnam has been allocated seed funding worth $2 million by the U.S. for semiconductor development initiatives, and there’s been increasing cooperation between Vietnamese and American companies on chip manufacturing. Not to be left behind, Infineon has also decided to expand hiring by hundreds in its Vietnam office as well. All this sounds positive — … Read more

China slams Germany for sending navy ships through Taiwan Strait – POLITICO

China slams Germany for sending navy ships through Taiwan Strait – POLITICO

Beijing claims the democratically governed Taiwan as its own and says the strait is within Chinese jurisdiction. Germany’s Defense Minister Boris Pistorius defended the transit on Friday. “International waters are international waters,” Pistorius said during a press conference with Lithuanian Defense Minister Laurynas Kasciunas. “It’s the shortest route and, given the weather conditions, the safest, … Read more

Shadow naval war between Israel, Iran brought to light by Houthi attacks

Shadow naval war between Israel, Iran brought to light by Houthi attacks

Iran sees a benefit to the Houthi attacks on shipping in the Red Sea. The Houthis began their attacks after the Hamas attack on Israel in October and have since attacked numerous ships. These attacks led the US and other countries to focus on protecting shipping. However, it has benefited Iran and Iran’s allies … Read more

Oil tanker attacked by Houthi projectiles in Red Sea

Oil tanker attacked by Houthi projectiles in Red Sea

Oil products tanker Sounion was attacked by two small boats and struck by three projectiles in the Red Sea off Yemen on Wednesday, causing damage to the vessel but no injuries, the Greek shipping ministry and UK maritime agency UKMTO said. Iran-aligned Houthi militants have launched a series of attacks on international shipping near … Read more

Congestion at Bangladesh’s Chattogram Port Triggers 10-Day Delays

Congestion at Bangladesh’s Chattogram Port Triggers 10-Day Delays

Congestion at Bangladesh’s largest seaport has made it more difficult for workers to unload containers from vessels on time, and delays in the arrival of export containers from depots have further complicated matters. According to Bangladeshi publication The Business Standard, vessels docked at the Chattogram Port could previously complete loading and unloading within 48 hours. … Read more

Why your coffee got so damn expensive – POLITICO

Why your coffee got so damn expensive – POLITICO

The coffee bush likes tropical climates and elevation, and grows in a belt around the equator. It is the cherries of the plant, which turns bright red when ripe, that are used to make the hot drink. They’re gathered, stripped, dried, roasted and finally ground and ready to use.  Sounds like hard work, doesn’t it? … Read more

Yemen’s Houthis claim attack on Lobivia ship in Gulf of Aden

Yemen’s Houthis claim attack on Lobivia ship in Gulf of Aden

Yemen’s Houthi rebels hit and damaged a Singapore-flagged container ship with two missiles on Friday as they escalate attacks on global shipping over Israel’s war in Gaza. The overnight assault on the Lobivia cargo ship came as the Iran-aligned Houthis also claimed responsibility for a fiery, long-range aerial drone strike in the center of … Read more

Merchant vessel reports two explosions west of Yemen’s Mocha

Merchant vessel reports two explosions west of Yemen’s Mocha

British security firm Ambrey said early on Friday that a merchant vessel reported two explosions about 21 nautical miles (39 km) west of Yemen’s Mocha. One “missile” impacted the water and another exploded in the air, the vessel reported to Ambrey, adding that both explosions occurred within 0.5 nautical miles of the vessel. “The … Read more

Iranian ship capsizes in Bandar Abbas port in southern Iran

Iranian ship capsizes in Bandar Abbas port in southern Iran

The Iranian Navy frigate Sahand suffered an accident in the southern port of Bandar Abbas, the Iranian Student News Agency reported on Sunday. “As Sahand was being repaired at the wharf, it lost its balance due to water ingress. Fortunately…the vessel is being returned to balance quickly,” the official news agency IRNA reported, citing … Read more

Greece’s watchdog summons head of coast guard to explain deadly shipwreck – POLITICO

Greece’s watchdog summons head of coast guard to explain deadly shipwreck – POLITICO

Greek Ombudsman Andreas Pottakis then set up an independent investigation into the case, which could be completed by the fall. Greek officials, who spoke to POLITICO on the condition of anonymity because they weren’t authorized to talk, said the ombudsman had summoned more than a dozen Greek officials to testify. Among those is the head … Read more