In two major pieces of legislation passed by Congress at the end of 2020 and the beginning of this year, Congress addressed the difficulty that many smaller inland and coastal ports have in obtaining funding for their infrastructure projects. First, on December 11, 2020 Congress passed the William M.
A Bangladeshi woman whose husband died dismantling an oil tanker in a local shipyard was given the green light this week to keep pursuing a claim for compensation from a UK company linked to the vessel in a test case for the shipbreaking industry.Britain’s Court of Appeal threw out a request by London-based shipbroker Maran (UK) Ltd for the negligence case to be dismissed
At least 39 migrants died when two boats sank off Tunisia on Tuesday as they tried to cross the Mediterranean to the Italian island of Lampedusa, the Tunisian defense ministry said.The coast guard rescued 165 others, and searches for more survivors are still ongoing off the coast of Sfax, ministry spokesman Mohamed Zekri said. All the dead migrants were from sub-Saharan Africa, he added.
The U.S. Navy seized thousands of weapons from two stateless dhows during a maritime security operation off the coast of Somalia last week.A boarding team from guided-missile destroyer USS Winston S. Churchill’s (DDG 81) discovered the illicit cargo during a flag verification boarding in international waters, and the confiscation took place February 11 and 12.
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.
Sri Lanka is seeking at least 340 million rupees ($1.9 million) from the owner of the stricken oil supertanker New Diamond for assistance given to the vessel since it caught fire on Sept. 3, the coordinating officer to the country's attorney general said.Nishara Jayaratne said the cost was for services provided by various departments including the Sri Lankan navy, air force
Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy Carpenter said on Monday.Overall insured losses - including property damage - from the August 4 port warehouse detonation of more than 2,000 tonnes of ammonium nitrate may reach around $3 billion
One can hardly read industry news these days without seeing mention of hybrid vessels or batteries. We’ve all heard the praise and the pitfalls discussed by proponents and critics alike. This article is not intended to convince you if batteries are right for you or not. Instead, for owners wondering if batteries are feasible for their operation
At least 40 passengers and crew from a luxury cruise liner have tested positive for COVID-19 and the authorities are still trying to trace a number of passengers from two recent Arctic voyages, public health officials in Norway said on Sunday.Four crew members on the MS Roald Amundsen were hospitalized on Friday when the ship arrived at the port of Tromsoe
Ferry operator Viking Line said Tuesday it will restart passenger service for essential travel after the Finnish government annouced plans to gradually ease some restrictions related to the coronavirus pandemic.Passenger service will be restricted to travel for work and other travel defined by the authorities until at least May 31, the cruise ferry operator said.
A Chinese ship embroiled in a standoff with Vietnamese vessels last year has returned to waters near Vietnam as the United States accused China of pushing its presence in the South China Sea while other claimants are pre-occupied with the coronavirus.Vietnamese vessels last year spent months shadowing the Chinese Haiyang Dizhi 8 survey vessel in resource-rich waters that are a potential global