A U.K. Royal Navy warship assisted in the rescue of four people from a yacht that was taking on water and at risk of sinking in the English Channel near the Isle of Wight.Last week, the Portsmouth-based Type 45 destroyer HMS Diamond answered a Mayday call from a civilian yacht that was taking on a significant amount of water while sailing from Beaulieu River in the New Forest toward Honfleur in
Moscow has submitted concerns to the United Nations about an agreement on Black Sea grain exports, and is prepared to reject renewing the deal next month unless its demands are addressed, Russia's Geneva U.N. ambassador told Reuters on Thursday.The agreement, brokered by the United Nations and Turkey in July
Singapore-based shipbuilder Keppel has terminated three construction contracts signed years ago, citing clients' failure to pay up. The terminated contracts are related to orders made by TS Offshore, Sapura Energy, and Crystal Heights. TS Offshore, in March 2014, ordered a 500 feet water depth N Plus jack-up rig, worth about US$500 million (“TS Jasper Vessel”).
China's military exercises in the waters around Taiwan have prompted some ships to navigate around the Taiwan Strait and give the island a wide berth, disrupting key trading routes for cargo and commodities sailing around the world, analysts said.Angered by U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan
Batteries for maritime power have been picking up big momentum, benefiting from the most basic concept within Econ 101: supply and demand.On May 19 Corvus Energy announced it would establish a lithium ion battery manufacturing facility in Port Bellingham, Wash., just north of Seattle. Corvus Energy is a leading supplier of battery energy storage systems (BESS) for marine applications.
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs
C-Job Naval Architects have designed a liquid hydrogen tanker that the company says will revolutionize the renewable energy market. "The tanker concept, developed in partnership with LH2 Europe, is a critical element in realizing a green end-to-end liquid hydrogen supply chain," C-Job Naval Architects said.
P&O Ferries on Tuesday rejected the British government's request to rehire 800 workers it fired without notice two weeks ago, saying that doing so would cause the company to collapse.P&O Ferries, an 180-year old company now owned by Dubai-based logistics group DP World, prompted an outcry from British government ministers
Britain's Maritime and Coastguard Agency (MCA) on Friday detained a ferry operated by P&O in Northern Ireland because it was not ready to sail, the agency and P&O said.The British government has already said it will take legal action over P&O Ferries' decision to fire 800 staff earlier this month with immediate effect.
The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say.China is experiencing its biggest spike in COVID-19 infections since an initial outbreak in the central city of Wuhan was contained in early 2020.
About two dozen cases of COVID-19 have been recorded among the crew of an Australian warship expected to arrive in coronavirus-free Tonga on Wednesday to deliver humanitarian aid, Australian authorities said on Tuesday.Tonga, hit by a massive volcanic eruption and a tsunami on Jan.
European Commission proposals to bring shipping into the bloc's carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes of CO2 emissions unregulated, an NGO study showed on Thursday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.