U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country's port infrastructure.The investment includes $147 million in awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House said in a statement.
A merchant vessel reported being hit by a projectile in the Red Sea off the coast of Yemen on Thursday, British security firm Ambrey said.No injuries or damage were reported in the incident, which occurred 84 nautical miles west of Yemen's port of Hodeidah, Ambrey added.The vessel was headed for city of Dammam in Saudi Arabia.
A Greek-owned cargo ship was struck by a small craft off Yemen's Red Sea port of Hodeidah sustaining damage in its engine room, maritime security firms and shipping sources said on Wednesday.The vessel, Tutor, was hit approximately 67.7 nautical miles southwest of Yemen's port of Hodeidah, said British security firm Ambrey
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
Royal Caribbean Group’s Silversea has taken delivery of Silver Ray, the second ship in its Nova Class, from shipbuilder Meyer Werft in Germany.The 54,700 GT Silver Ray has capacity for 728 passengers. It joins sister ship, Silver Nova, as one of the most energy efficient ultra-luxury and expedition cruise ships ever built Other notable features of Silversea’s Nova Class include an asymmetrical
Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket pricing.Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap with land-based vacations and give their profits a
The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on Wednesday, adding that discussions with Iranian authorities are in progress to secure their earliest release."We are also working with the Iranian authorities to have the cargo discharged," the Swiss headquartered company said in a statement.
An explosion in the vicinity of a Barbados-flagged, U.S.-owned cargo ship off the port of Aden in southern Yemen was reported by a nearby vessel, British security firm Ambrey said on Wednesday.The ship, located approximately 57 nautical miles southwest of Aden, was hailed by an entity declaring itself to be the "Yemeni Navy" and ordered to alter course, Ambrey said.
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.
BYD's first chartered vehicle carrier has set sail from China's southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday.Chinese automakers including BYD, Chery Automobile and SAIC Motor, have been placing orders for vessels to counter rising shipping costs as they boost exports.
Some 151 ships have used Ukraine's new Black Sea shipping corridor since it was set up in August, the Interfax-Ukraine news agency reported on Friday, citing a senior government official.A total of 4.4 million metric tons of cargo, including 3.2 million tons of grain, has been shipped via the corridor, Yuriy Vaskov, deputy minister for renovation and infrastructure, was quoted as saying.A U.N.
Authorities from the U.S., Canada and France are combing through evidence recovered from the Titan submersible that suffered a catastrophic implosion en route to the wreckage of the Titanic in June.Investigators from the U.S. Coast Guard, National Transportation Safety Board (NTSB)