General Dynamics shipbuilding revenue surges on productivity gains
US outfit continues focus on military shipbuilding, with no commercial vessels on its NASSCO orderbook
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January 2026
Egypt Seeks Release of Four Citizens on Tanker Seized by Iran
Egypt said on Wednesday that it is working on securing the release of four citizens who were detained by Iran last month after Tehran seized a foreign tanker on charges of carrying “smuggled fuel” in the Gulf.In a statement, the Egyptian foreign…
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Chevron to Boost Exports of Venezuelan Oil to US in March
Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two sources with knowledge of the plans said on Wednesday….
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German to Purchase TKMS Frigates Under $59m Contract
Germany’s budget committee approved a preliminary contract to purchase MEKO A-200 class frigates from warship builder TKMS on Wednesday and will release 50 million euros ($59.70 million) for them, according to two committee members.After a years-long d…
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Iran official threatens ‘control over’ Hormuz traffic as Trump brandishes ‘massive armada’
US president urges Tehran to negotiate before he unleashes violence