Finnish power grid operator Fingrid and its Estonian partner Elering have agreed to forgo seizing the Cook Islands-registered Eagle S oil tanker, which is accused of damaging a Baltic Sea power cable in December.
The decision comes as part of a broader effort to rapidly restore service on the compromised Estlink 2 interconnector.
The Eagle S was boarded by Finland’s coast guard on December 26 and remains anchored in a Finnish bay while investigations continue into the incident, which involved not only the breach of the power cable but also the damage of four fibre-optic internet lines. Fingrid stated that the cost of taking over and maintaining the vessel would likely exceed its value. Instead, the companies plan to seek compensation through legal action.
“At this stage, Fingrid and Elering will pay the repair costs to make the (Estlink 2) interconnector available as quickly as possible,” the operator said in a statement on Sunday.
The decision highlights the ongoing challenges facing the Baltic Sea region, which has experienced a series of outages affecting power cables, telecommunications links, and gas pipelines since Russia’s invasion of Ukraine in 2022. In response, NATO has increased its presence in the area with additional frigates, aircraft, and naval drones.
The waiver of the seizure reflects a calculated move by the grid operators, prioritizing swift restoration of critical infrastructure over the potential administrative and financial burdens of maintaining the stranded vessel. Further investigations into the breach are expected to continue as authorities work to determine the full extent of the damage and liability.
China’s resale home prices fell at an accelerated pace in June, deepening concerns about the country’s ailing property market and underscoring the...
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding to formalize a strategic partnership focus...
Azerbaijan's Interior Ministry has dismantled two criminal groups in Baku, detaining Russian nationals suspected of trafficking drugs from Iran and co...
German prosecutors have arrested a Danish citizen suspected of spying for Iran, reportedly gathering intelligence on Jewish individuals and sites in B...
China’s manufacturing sector expanded in June for the first time in three months, according to a private-sector survey released Tuesday, signaling a...
The Kremlin has voiced strong concern over Estonia’s readiness to host NATO’s nuclear-capable F-35A jets, calling the move an immediate danger to Russia.
The United States is set to bolster Estonia’s defense with a proposed $296 million sale of Javelin missiles and related gear, aiming to strengthen the Baltic nation’s security and its role within NATO.
On Sunday, Russian authorities detained a Greek-owned, Liberian-flagged oil tanker after it departed Estonia’s Sillamäe port and entered Russian territorial waters, the Estonian Foreign Ministry said.
The European Commission has announced the allocation of EUR 52 million in funding support through the EU Renewable Energy Financing Mechanism (RENEWFM) to nine renewable energy projects in Finland and Estonia.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
Azerbaijan's Interior Ministry has dismantled two criminal groups in Baku, detaining Russian nationals suspected of trafficking drugs from Iran and conducting cyber fraud operations.
German prosecutors have arrested a Danish citizen suspected of spying for Iran, reportedly gathering intelligence on Jewish individuals and sites in Berlin.
Billionaire Elon Musk has vowed to form a new political party if Donald Trump’s massive spending bill is passed by Congress, slamming it as evidence of a “one-party country.”
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment