The German government is considering support for Meyer Werft, one of the world's biggest cruise ship builders, an economy ministry spokesperson said on Wednesday, as the cash-strapped company mapped out hundreds of planned job cuts to stem costs.The government is considering federal assistance for Meyer Werft together with the state of Lower Saxony
Managers of the Galaxy Leader cargo ship on Tuesday renewed calls for the release of the vessel's 25 crew being held by Yemen's Houthi militants for seven months.The militants used helicopters to attack the Bahamas-flagged ship on Nov. 19. They captured the Bulgarian ship master and chief officer, along with 17 Filipinos and other sailors from Ukraine, Mexico and Romania, the ship managers said.
Port worker unions in Argentina cut short a planned strike in grains shipping ports in the Rosario region following government-ordered talks, a union head said on Thursday, in welcome news for the country's farm exports.The area north of the city of Rosario along the Parana River is Argentina's main agricultural exports hub, where more than 80% of its processed soybeans, corn
Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world's oceans has risen significantly in recent weeks but the upswing may be short-lived.The CEO told customers at an online presentation that the increase since the start of May was due to a combination of stocks being replenished in some sectors
Germany's IG Metall union on Tuesday said it had preliminary talks with Carlyle on the investment firm taking a majority stake in Thyssenkrupp Marine Systems and agreed to push for an agreement as quickly as possible.In a newsletter seen by Reuters, the union however insisted that a stake sale to private equity investors could only happen if the state stepped in as well to secure the
A Portuguese-flagged container ship, the MSC Aries, was seized by Iran on April 13 for "violating maritime laws", Iran's foreign ministry said on Monday, adding that there was no doubt the vessel was linked to Israel.Iran's Revolutionary Guards seized the cargo vessel in the Strait of Hormuz days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus on April
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
The union representing St. Lawrence Seaway workers in eastern Canada said it reached a tentative labor agreement on Sunday, ending a week-long strike that shut down a key North American trade route linked to the Atlantic Ocean.The Unifor union, representing some 360 workers, said it agreed to a deal with the St.
The United States’ vast network of navigable inland rivers is vital to the nation’s economy, serving as an aquatic superhighway for the efficient shipment of critical commodities like agricultural goods, energy products, building materials and industrial chemicals to destinations within the U.S. and to deepwater ports for export. The Waterways Council, Inc.
The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden's White House has had in dealing with U.S.
American Cruise Lines introduced its first new Coastal Cat, American Eagle, during a christening ceremony in at the Massachusetts Maritime Academy campus on Buzzards Bay last week.Carol Robertson, wife of American Cruise Lines’ founder the late Charles A. Robertson, served as godmother for the ship and christened the 100-passenger American Eagle with one of her handmade
The International Maritime Organization's Council (IMO) has elected Arsenio Antonio Dominguez Velasco from Panama as its secretary-general, the UN shipping agency said on Tuesday.Dominguez beat six other contenders from China, Turkey, Kenya, Finland, Dominica and Bangladesh in a vote and will take office on January 1, 2024, for a four-year term, subject to the approval of the IMO Assembly.