Nearly three years after President Vladimir Putin invaded Ukraine, his troops are making steady progress on the battlefield.

"I will probably be meeting with President (Volodymyr) Zelensky next week, and I will probably be talking to President (Vladimir) Putin. I'd like to see the war end," U.S. President Donald Trump said.

As new sea passages open up, the commercial and defence possibilities are becoming irresistible. To take advantage, America desperately needs ships ...