Port and logistics firm DP World is going ahead with a 1 billion pound ($1.3 billion) investment in its London Gateway port, Britain's government said on Sunday after reports last week that the company had paused the project in protest.In what had been an embarrassment for the government before a major investor conference
Cruise passengers are to set sail from Belfast on Monday on a three-and-a-half-year world voyage after being stranded in the city for months as the ship underwent unexpected repair works. Some plan to make it their forever home.Passengers of the Villa Vie Residences' Odyssey, described as the world's first continual cruise
Italian divers have retrieved the body of British tech magnate Mike Lynch's18-year-old daughter, Hannah, who was the last person still unaccounted for after the family's luxury yacht sank this week off Sicily.Seven people, including Lynch himself, died when the 56-metre-long (184-foot) sail boat, the Bayesian, capsized during a fierce, pre-dawn storm on Monday off Porticello, near Palermo.
Taiwanese shipping firm Yang Ming Marine Transport Corp said one of its cargo ships caught fire on Friday at China's Ningbo-Zhoushan Port, one of the world's busiest.Earlier, Chinese state media said an explosion was reported at the port and shockwaves were felt a kilometer away.Yang Ming Marine Transport said a fire occurred on board the YM Mobility while it was operating in the port.
Britain's new Labor government will end the use of the controversial Bibby Stockholm barge to house migrants off the south coast of England as part of its overhaul of the asylum system, it said on Tuesday.Use of the vessel, which can house up to 500 men, began under the Conservative government with the aim of cutting the 8 million pounds a day cost of hotel accommodation for asylum seekers while
French shipping company CMA CGM and its business partners COSCO Shipping 601919.SS, Evergreen 2603.TW and OOCL said on Tuesday that they had agreed to extend their 'OCEAN Alliance' co-operation deal for another five years beyond 2027, to 2032.The 'OCEAN Alliance' partnership aims to help customers deal with their supply chains by offering up fast transit times and access to a wide range of ports
Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way up through several leadership positions at the company founder by her father, Dr. James S.C. Chao, with her mother, the late Ruth Mulan Chu Chao, in 1964.
The Military Sealift Command’s Maritime Prepositioning Ships (MPS) and Auxiliary Crane Ships (ACS) were built 50 years ago to pre-position vehicles and supplies in forward locations and load or unload them in undeveloped or damaged port facilities. I serve with MSC’s Taluga Group, charged with finding innovative solutions to pressing problems.
At a special dedication ceremony at the Port of Leith this week, five Sanmar-built tugs were given a traditional marine blessing with their godmothers present. They form part of the large fleet of tugs and workboats operated by Targe Towing Limited, a wholly owned subsidiary of Forth Ports Limited, which provide towage
Oceans worldwide hold untold riches hidden beneath the waves. Now treasure hunters are using cutting-edge technology to explore them, discovering some of history's most treasured sunken finds from Caribbean waters to Arctic depths rewriting maritime history and uncovering fortunes lost at sea.
S&P downgraded Danish wind power giant Orsted to BBB on Wednesday, citing higher leverage on its balance sheet and major U.S. impairments in 2023 due to supply chain delays and higher costs.S&P said Orsted's business risk profile has weakened from last year, but was still satisfactory.
Port Angeles, Wash. boatbuilder BRIX Marine has launched its newest pilot boat, Aldebaran, for a customer in Central America.The trailerable 11.3-meter-long rigid hull inflatable boat (RHIB) is powered by twin 300-horsepower Yamaha outboards with 3 bl 15.75" X 18" SS props.The boat's Naiad hull has a 23 degrees progressive deadrise,, 5086 alloy aluminum hull skins, D-shaped foam EV50 (approx.