Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.President Vladimir Putin promised to replace Ukrainian grain with Russian shipments to Africa after Moscow in July ended an arrangement that gave Ukraine's
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong
Experts raised safety concerns in 2018 about the submersible vessel that has been missing since Sunday, when it descended with tourists on a deep ocean journey to view the wreckage of the Titanic.The pilot and four passengers are aboard and the available oxygen on the vehicle has been forecast to run out by Thursday morning.The Titan submersible is a 22-foot (6.
Rescuers searching for a missing submersible near the wreck of the Titanic on Wednesday concentrated their efforts on a remote area of the North Atlantic where a series of undersea noises have been detected, though officials cautioned the sounds may not have originated from the vessel.
For companies active in all parts of the commercial maritime sector, finding and holding onto the workers they need to build, operate and service the industry’s wide range of vessels has been challenging. Simply put, the labor market is tight, and the problem is not getting any easier to solve.
Five people were injured and hundreds more evacuated after a fire broke out aboard a ferry traveling from Manhattan to Staten Island on Thursday evening, officials said.The Sandy Ground, one of the Staten Island Ferry's newly commissioned Ollis-class vessels, was carrying 868 passengers and 16 crew members when the engine room fire started shortly after 5 p.m.
Russia "will not accept" a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine.Kremlin spokesman Dmitry Peskov said Moscow had made preparations for Friday's price cap announcement by the Group of Seven nations
Frank Olsen has stepped down as CEO of British multinational ports and marine management company Inchcape Shipping Services (ISS) effective November 30, 2022, the company announced on Friday.ISS said it has appointed a new CEO, Philippe Maezelle who joins December 1, 2022. Maezelle is an international business leader with strong executive transformation experience across the professional
At least two people died when two boats collided on Friday in the Dutch Wadden Sea close to Terschelling island, and two people are still missing, local authorities said.A ferry boat and a smaller water taxi collided early on Friday morning, causing people on board of the smaller boat to fall in the water.
Venezuelan police have arrested a fugitive Malaysian businessman nicknamed 'Fat Leonard' who is at the center of a major U.S. Navy bribery scandal, as he prepared to leave the country for Russia, Venezuelan Interpol said.Leonard Glenn Francis was detained at the country's main international airport on Wednesday under a red notification requested by the United States for crimes of corruption and
A Maine State Ferry Service vessel was damaged after running aground off the coast of Vinalhaven on August 16.The car and passenger ferry Captain Richard G. Spear was pulling away from Vinalhaven to start a trip to Rockland shortly after 10:30 a.m. when it grounded. There were 65 passengers and five crew members on board at the time of the incident. No injuries were reported.
Portland, Ore. shipbuilder Diversified Marine, Inc. announced it has promoted Frank Manning to president and COO, responsible for the company’s sales and day to day operations.Diversified Marine founder Kurt Redd, who has served as president and CEO for 43 years, will remain active in the company.