Latest news with #territorialwaters
Argaam
02-07-2025
- Business
- Argaam
ADES says subsidiary's rig capsizes in Egypt, confirms fatalities
ADES Holding Co. confirmed that a marine transport incident occurred on the evening of July 1, involving the 'Admarine 12' rig, owned by one of its subsidiaries and operating within the territorial waters of Egypt. The rig capsized as it was being towed to a new location, ADES said in a statement to Tadawul. At the time, 30 individuals were on board, including 18 employees of the company. ADES said 23 people were rescued and three remain missing. Intensive search operations by the relevant authorities are ongoing. ADES confirmed four fatalities, including three company employees and one contractor working for a third party. The company noted it is committed to supporting the families of those affected and is working closely with local authorities and emergency services. 'The safety and well-being of all personnel remaining the highest priority,' the statement noted, adding that a full and thorough investigation into the incident will be conducted. The rig and all personnel involved are fully covered under the group's insurance program, the statement added. At this stage, ADES does not expect the incident to have a material impact on its financial position or on its previously disclosed financial outlook for 2025.
ABC News
12-06-2025
- Business
- ABC News
WA fishers say federal plans to protect more ocean will increase seafood prices
Shoppers have been warned Australian seafood prices will rise and the nation will import more fish as a consequence of federal government plans to prevent commercial fishing in millions of hectares of ocean. Environment Minister Murray Watt told this week's UN Ocean Conference Australia would expand "highly protected" areas to 30 per cent of its territorial waters within five years. It represents a six per cent increase in ocean estate where extractive industries such as fishing or mining are locked out. The announcement follows the release last month of Sir David Attenborough's documentary Ocean, which shines a spotlight on global fishing practices. While green groups welcomed the news from the government, WA Fishing Industry Council CEO Melissa Haslam said it would hurt consumers. "Seafood prices will rise," she said. "In some cases you might see some fisheries close, they reach a brink where they cannot be economically viable anymore. "Alternatively where they continue, the cost of getting that fish to market just increases astronomically." Ms Haslam said Australian seafood was already struggling to compete on price point. "When the average Australian is in Coles or Woolworths, they'll look at the WA snapper at some extraordinary price per kilo," she said. Ms Haslam said Australians wanted to eat fish from local waters and not imported fish that may not be of the same quality. Ms Haslam said she was blindsided by Mr Watt's announcement, and frustrated at the broad statements being made about ocean management. "I understand the international pressure must be huge, and people look to first-world countries like Australia to lead the way, but someone needs to stand up and say, 'We are leading the way,'" she said. Ms Haslam said Attenborough's film should have shown the difference in fishery and ocean management practices between countries. "They never contacted us, they haven't contacted other [West Australian] commercial fishers that I'm aware of, so you're looking at a very skewed view of the world," she said. Ms Haslam said fishers did not broadly oppose marine parks, but they were not the "silver bullet" some portrayed them as. "They don't stop pollution, they don't stop oil spills — marine parks don't stop illegal fishers from other countries," she said. The Ocean documentary highlights the destructive impact of bottom-trawling on marine ecosystems, but the fishing industry argues it overlooks the strict regulations and sustainable practices of Australia's trawl fisheries. Trawling represents about two per cent of fishing activity in Australia, but it generates about 40 per cent of the nation's seafood. "When they show footage of trawling over the ocean floor that's causing terrible damage, I will guarantee you that footage was not taken in Australia or any other world-leading country that has highly regulated fishing practices," Ms Haslam said. Seafood Industry Australia CEO Veronica Papacosta shared Ms Haslam's frustrations. "You know, it was almost if it bleeds, it leads headlines," she said. "It just sounds better if it's all a big mess but in Australia we have worked so hard to make sure we have constant improvements. "In Australia we trawl on sandy bottoms — that talk on the documentary of ripping up the environment, we would lose our boats if we trawled across habitats [like that]." Andrew and Nicola Forrest's Minderoo Foundation contributed more than $3 million towards the production of Ocean — about half its overall cost. Minderoo Pictures executive director Malinda Wink said the film was made independently by Silverback Films, but Minderoo did have oversight of its scientific accuracy, as it did with all films it supported. "The narration scripts were entirely of Sir David and the team," she said. Ms Wink did not know if there were any shots of Australian commercial fishing used in the film. "I presume that management practices are different everywhere in the world, but the overarching narrative that Sir David has to share is that we need urgent action in order to restore oceans to a healthy state," she said. Speaking on ABC Radio National Breakfast, Mr Watt said protecting 30 per cent of Australia's territorial waters from all extractive industries was a good move for the environment and for fishers. "The scientific research tells us that as long as we preserve 30 per cent of our ocean space … it allows our ocean to replenish itself, fish stocks to re-grow, marine life to re-grow, coral to re-grow," he said. "In a sense, it's helping guarantee the long-term security of our commercial fishing industry as well, by making sure that there are fish remaining for generations to come. "Because when you protect those areas, fish then spill over beyond the protected areas."
Washington Post
31-05-2025
- Business
- Washington Post
Sweden will step up insurance checks on foreign ships as worries about Russia rise
STOCKHOLM — Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia's so-called "shadow fleet ' of aging ships. The government in Stockholm said that, starting July 1, the coast guard and the Swedish Maritime Administration will be tasked with collecting insurance information not just from ships that call at Swedish ports, but also those that pass through the country's territorial waters and exclusive economic zone.
