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- US Hunts Down Sanctioned Tanker at Sea ⚔️
US Hunts Down Sanctioned Tanker at Sea ⚔️
Welcome to all our new subscribers and a warm “Ahoy” to our loyal readers. Another new week, let's take a look 🔭
In today’s email:
Shadow Fleet Seized: 🚨 US captures sanctioned oil tanker after long pursuit.
Sky High Limits: 🏙️ Why mile-high skyscrapers are almost impossible to build.
Deep Profits: ⚓ The new economics of historic shipwreck recovery.
Export Shift: 🇮🇹 Italy overtakes Japan as the world’s fourth-largest exporter.
SHIPPING NEWS
US Military Hunts Down Sanctioned Oil Tanker in the Indian Ocean
In a dramatic maritime operation that highlights the growing intersection of geopolitics and global energy trade, US military forces tracked, pursued and ultimately captured a sanctioned oil tanker in the Indian Ocean this week.
The vessel, the Aquila II, had been linked to Venezuela’s so-called “shadow fleet” — a network of tankers moving crude oil under false flags, altered ownership structures, or with tracking systems switched off to evade sanctions. After loading heavy crude earlier this year, the tanker reportedly went dark and attempted to slip through global shipping lanes undetected, with indications its cargo was destined for Asia.
According to the US Department of Defense, the ship was first identified in the Caribbean before fleeing across open waters. US naval assets maintained surveillance for weeks in what officials described as a rare long-range pursuit, eventually intercepting the tanker near the Indian Ocean. Boarding teams seized control of the vessel without resistance, bringing an end to one of the most high-profile maritime enforcement actions in recent years. The operation forms part of a broader effort to tighten enforcement against sanctioned oil flows that continue to move quietly through global trade routes.
Defense officials said the operation shows how far authorities are now willing to go to enforce oil sanctions, even tracking vessels across entire oceans. Another sign that shadow fleets are under growing pressure, with higher risks for owners, insurers, and ports linked to sanctioned cargo. What used to be handled through paperwork and penalties is increasingly being enforced directly at sea. Watch Clip
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VIDEO OF THE WEEK
Why A Mile-High Skyscraper Is Almost Impossible
How tall could we really build? After a century of competition, skyscrapers are reaching new extremes: Saudi Arabia’s upcoming 1-kilometer-tall Kingdom Tower in Jeddah will triple the Empire State Building’s height.
TRADE SNIPPETS
The new economics of shipwreck recovery. Salvaging historic shipwrecks is becoming more commercially viable as deeper ocean technology, rising artefact values and evolving legal frameworks reshape how and why recovery operations are pursued today.
Italy surpasses Japan to become the world’s fourth-largest exporter. Italy has overtaken Japan to claim the fourth spot in global export rankings, trailing only China, the United States and Germany, marking a significant milestone in its decade-long growth in international trade.
US, Mexico, EU and Japan forge critical minerals pacts. The United States, Mexico, the European Union and Japan have agreed to cooperate on securing mining, processing and supply of critical minerals essential for advanced manufacturing, aiming to build more resilient supply chains and reduce reliance on dominant producers like China.
Chinese yuan reaches strongest level against US dollar since May 2023. The Chinese yuan has climbed to its highest value versus the US dollar in nearly two years, reflecting improved market confidence and shifting currency dynamics across global trade and finance.
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