The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the capacity to satisfy the surge in demand because of resource constraints and bottlenecks in the supply chain. Inventories are very lean.
2020 presented a monumental challenge for many industries and workers, particularly seafarers, as COVID-19 effectively left hundreds of thousands of seafarers stranded at sea, unable to disembark and partake in crew changes due to onerous restrictions by the majority of port states.
Some of Royal Caribbean Group’s cruises will resume sailing in the Caribbean in June with vaccinated adult guests, ending a year-long hiatus brought on by the COVID-19 pandemic.Adventure of the Seas and Celebrity Millennium ships will also have vaccinated crews and accept children under the age of 18 with a negative COVID-19 test, Royal Caribbean International and Celebrity Cruises said on Friday.
Congress on Monday approved $390 million to fund construction of a fourth National Security Multi-Mission Vessel (NSMV). The state-of-the-art ship will be assigned to the Texas A&M Maritime Academy at Texas A&M University at Galveston, serving as a training platform for future merchant mariners and offer a critical disaster resource in the Gulf Coast.
Ferry firm Stena Line’s role in the roll-out of Pfizer’s COVID-19 vaccine is going well, and the firm is prepared to deal with any eventuality of Brexit trade talks, the company’s Brexit chief said on Friday.“We have trust and confidence in the government to use these last few days (of Brexit talks) wisely...
Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier.Trump’s rollbacks are on shaky ground because most were done not through Congressional lawmaking but via presidential executive orders that can be easily torn up
The heavy-lift vessel VB 10,000 arrived Tuesday at the Golden Ray wreck site in Georgia's St. Simons Sound, where the specialized vessel will be used by salvage crews to cut and lift sections of the overturned car carrier. The Korean-owned Golden Ray, which capsized after leaving the Port of Brunswick in September 2019, will be dismantled in place and removed in sections.
A third crewman from a cargo ship that capsized this week off the coast of Japan with more than 40 crew and some 6,000 cattle on board was found alive on Friday after he was spotted by a search plane, Japan's coastguard said.The man, 30-year-old Filipino Jay-nel Rosals, was found on a liferaft waving for help 2 km (1.
A Panama-flagged ship boarded by Somali police is safe and underway, the EU Naval Force said on Saturday, after conflicting reports two days earlier about whether it had been hijacked by Somali pirates.The Aegean II had originally altered its course due to a damaged hull and after local police had boarded it, "there had been certain incidents on board the vessel", the EU force said in a statement.
Somali pirates have released three Iranian hostages held for five years, a maritime security official said on Thursday, as conflicting reports emerged whether another ship had been seized after a three-year hiatus in hijackings.The three Iranians are the last of the crew of the Iranian fishing vessel FV Siraj, which was captured by pirates on March 22, 2015.
A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world's shipping fleets that legal reforms will help stem rising attacks in the Gulf of Guinea.The three men fined by the court in Port Harcourt, Nigeria's oil hub, on Tuesday were among nine accused of hijacking the tanker MV Elobey VI off Equatorial Guinea in March and securing a $200
A Liberian-flagged bulk carrier Agia Sofia has been banned from Australian ports for six months after authorities discovered seafarers on board were being underpaid.Australian Maritime Safety Authority (AMSA) inspected the 82,045 dwt panamax bulker at Hay Point in Mackay on Saturday after receiving a complaint via the International Transport Workers’ Federation and found evidence that some of