With developments in the current health crisis almost entirely consuming nearly all news reporting, one could be forgiven for thinking that the members of Congress are thinking about and working on little else, and that even if they were, the divisive partisanship of recent years would doom the prospects of much else getting done. Happily, that is not the case for the nation’s inland waterways.
German container line Hapag-Lloyd is to implement cost cuts to take account of the coronavirus crisis, its chief executive Rolf Habben Jansen said on Wednesday.In a call with reporters, he said the Hamburg-based firm, the world's fifth largest shipping operator, would seek cost cuts by a "mid three-digit million euro sum this year.
A Maersk Supply Service's offshore vessel was a target of an armed robbery in Mexico last weekend.Maersk Supply Service confirmed for Offshore Engineer that the incident occurred on Sunday, April 12 offshore Ciudad Del Carmen, Mexico.Armed robbers boarded Maersk Transporter, stole various items and left the vessel again, the company said in an email to Offshore Engineer.
Vietnam has lodged an official protest with China following the sinking of a Vietnamese fishing boat it said had been rammed by a Chinese maritime surveillance vessel near islands in the disputed South China Sea.The Vietnamese fishing vessel, with eight fishermen onboard, was fishing near the Paracel Islands on Thursday when it was rammed and sunk by the Chinese vessel
EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' $1.8 billion merger with Daewoo while waiting for the companies to provide information.The European Commission said it stopped the clock on Wednesday."Once the missing information is supplied by the parties
French shipping group CMA CGM said its operations in China were returning to normal after the coronavirus outbreak crippled traffic last month, forecasting the health emergency would have a limited impact on its results this year.CMA CGM, the world's fourth-largest container shipping firm
The Congress worked hard and most importantly together at the end of the recently-concluded First Session in December to finalize and pass Fiscal Year (FY) 2020 appropriations that included the Energy & Water Development (E&WD) Appropriations bill that funds the U.S. Army Corps of Engineers’ (Corps) work on the nations’ waterways.
The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months.
South Korean shipbuilders are expected to maintain their status as the world’s top position in new orders this year, although they may fail to meet their annual order targets.South Korean shipbuilders have secured new orders totaling 7.12 million compensated gross tons to build a total of 168 ships through November, accounting for 36 percent of the total deals placed around the globe
The global autonomous ships industry is expected to generate $134.9 billion by 2030, witnessing a CAGR of 4.4% from 2020 to 2030.This projection is premised on an increase in demand for cargo transportation from marines and surge in operational safety of ships drive the growth of the global autonomous ships industry, according to a report published by Allied Market Research.
A new report commissioned by Maritime UK and the UK’s Center for Economics and Business Research (CEBR) has recognized the contribution of the UK maritime sector to the country’s economy. The report notes that the sector facilitates 95 percent of all UK trade and that it is larger than both the automotive and aerospace transportation sectors, contributing a total of £46.1 billion ($56.
Pirates attacked a South Korean-flagged cargo ship in the South China Sea early on Monday, stealing thousands of dollars in cash and even the sailors' shoes, South Korean authorities said.Two people sustained minor injuries when seven pirates boarded the CK Bluebell and made off with $13,000 and belongings including mobile phones, clothes and shoes from the 22-strong crew