Another eight current and former merchant mariners have been indicted in a a test score-fixing scheme at a U.S. Coast Guard exam center in Louisiana.The defendants are charged with obtaining, and intending to use, officer-level licenses that were procured through falsified exam scores.
Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel.In a sign of investors taking the initiative, six European firms collectively representing over 5% of the estimated annual $16 billion capital financing requirements of the
Will Roberts joined Seattle-based Foss Maritime in 2017 as chief commercial officer, and in 2018 he was named chief operating officer. Prior to joining Foss, Roberts held a number of leadership roles for marine systems and services provider Rolls-Royce, rising to senior vice president, customer and services–Americas. A U.S.
A containership blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.The 400-meter Ever Given, almost as long as the Empire State Building is high
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea
The New York City Department of Transportation (NYCDOT) on Monday commissioned the newest Staten Island ferry, SSG Michael H. Ollis.The 320-foot, 4,500-passenger vessel was built by Eastern Shipbuilding Group ass the first in a series of three new Ollis Class ferries due to enter service for Staten Island Ferry.
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic.The estimate did not include losses from production disruption and could be revised over time, a spokesperson for CoreLogic said.
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began this week into how the giant container ship Ever Given ran aground in the canal, shutting down shipping in the major global waterway for almost a week.
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic.The Canal is working to clear the backlog after the refloating this week of a stranded giant container ship.
Eastern Shipbuilding Group, Inc. launched Dorothy Day, the third of three new Staten Island Ollis Class ferries, on Friday, March 26, at its Allanton shipyard in Panama City, Fla.The three 320-foot Ollis Class double-ended 4,500 passenger ferries are being built for the City of New York Department of Transportation (NYCDOT) Staten Island Ferry Division.
The U.S. Justice Department declined to investigate or prosecute then-Transportation Secretary Elaine Chao after the inspector general’s office referred allegations of potential misuse of office for review, a report made public on Wednesday said.The report included allegations that Chao directed staff to research or purchase personal items for her online using her personal credit card or