Canada’s Marine Communications and Traffic Services received a MAYDAY on Saturday from the MSC Baltic III as it ran aground located approximately 12 nautical miles outside the entrance to Bay of Islands, Newfoundland and Labrador, Canada.The vessel reported a loss of power, and unable to secure an anchor in the adverse conditions, grounded in Wild Cove west of Lark Harbour.
U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country's port infrastructure.The investment includes $147 million in awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House said in a statement.
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods
Ed Schwarz, Head of Marine Solutions Sales for Siemens Energy in the US and Canada, says education is the best first step for any shipowner interested in electrification.“Talk to someone who’s done it. Go aboard a vessel. Visit a hybrid ferry. Owners love sharing their stories and their hard-won insights.
A South Korean maritime patrol aircraft crashed soon after takeoff near a military base in the southern city of Pohang on Thursday, killing all four crew members, the navy said.The P-3 aircraft went down about six minutes after it left the airfield on a training mission at 1:43 p.m. (0443 GMT), the navy said in a statement.
U.S. House lawmakers laid out plans on Sunday to phase out key clean energy tax credits, as well as slash billions in spending related to electric vehicles and renewable energy, fast-track gas exports and claw back unspent climate-related funds as part of the Republicans' attempt to pass a multi-trillion-dollar budget to carry out President Donald Trump's agenda.
Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investment in shipping, according to the Christopher J. Wiernicki, Chairman and CEO of American Bureau of Shipping (ABS).“A carbon levy is a wild card. It will all depend on how it is implemented and enforced.
U.S. President-elect Donald Trump has picked Miami-Dade County Commissioner Kevin Marino Cabrera to serve as ambassador to Panama after having threatened for the U.S. to reassert control over the Panama Canal it handed over 25 years ago.Trump described Cabrera as "a fierce fighter for America First principles" who he said has been instrumental in driving economic growth and fostering
Evangelos Marinakis, a Greek shipping magnate and owner of English Premier League soccer club Nottingham Forest, was on Thursday accused of trying to fix a Greek soccer match, in a London libel lawsuit he is bringing over an alleged smear campaign in Britain. Marinakis launched the libel case against Irini Karipidis, chair of Greek Super League club Aris Thessaloniki
Britain's decision to issue dozens of new oil and gas exploration licences is being challenged in court by a marine conservation organization, which argues ministers unlawfully failed to consider the impact on marine life.Oceana UK is taking legal action over 31 licences issued under Britain's previous government in May this year as part of the North Sea Transition Authority's latest oil and gas
Dutch shipbuilder Damen has cut the first steel for four fully electric ferries, being constructed for Canada-based BC Ferries at its Romanian shipyard.On July 16, the yard cut first steel on the first two of four, fully electric Island Class Ferries, which will be the first fully electric vessels to operate in the BC Ferries’ fleet.
Global aquaculture production has already exceeded wild fisheries production, and space constraints in coastal areas have driven interest in the viability of combining aquaculture with offshore energy installations. New ideas keep coming.An article published in Heliyon this month assessed the potential for growing high-value algae species on decommissioned oil and gas jackets.