Italy police said on Wednesday they had arrested 61 people across four countries and seized 60 million euros ($67.1 million) following an investigation into international drugs trafficking and money laundering.The case had revealed criminal drugs ties between Albania and Latin America, and once again showed how criminals in Europe are using shadow networks of illicit Chinese money brokers
Germany's lower house of parliament and the state parliament of Lower Saxony have approved the rescue of Meyer Werft, one of the world's biggest cruise ship builders, members of the budget committee told Reuters on Wednesday.Although the shipbuilder's order books are full, it has an almost 2.8 billion euro ($3.
An oil spill off the Spanish island of Gran Canaria forced local authorities to close several beaches in the popular holiday destination on Thursday and declare an environmental emergency.Emergency services said on social messaging platform X that they were alerted on Wednesday night of the accidental spill during a vessel's refueling stop at La Luz port of Las Palmas, the island's capital.
German federal and state governments will invest 400 million euros ($445.84 million) in Meyer Werft, one of the world's top makers of cruise ships, for an 80% stake to secure the future of the company, a local government minister said on Wednesday.The support plan also includes guarantees for 2.
The German government is working on a deal to secure the future of Meyer Werft, a 229-year-old shipyard and one of the world's largest cruise ship builders, Chancellor Olaf Scholz assured workers during a visit to the company on Thursday."We all want to secure the continued existence of the shipyard - and with it everything that depends on it," Scholz said at a meeting of the works council
The German government plans to take a temporary majority stake in Meyer Werft, one of the world's top cruise ship builders, as part of measures to support the company, sources familiar with the matter told Reuters on Thursday.German Chancellor Olaf Scholz is said to visit shipbuilder Meyer Werft today, raising union hopes for government support for the company which is battling to fill a 2.
San Francisco’s Water Emergency Transportation Authority (WETA), operator of the San Francisco Bay Ferry system, is moving forward with plans to introduce the United States' first fleet of zero-emission, high-speed, battery electric ferries, this week unveiling design renderings and announcing a battery systems supplier.
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
Ten weeks after the collapse of Baltimore’s Francis Scott Key Bridge, salvage crews successfully removed the final large steel truss segment blocking the 700-foot-wide Fort McHenry Federal Channel on June 3-4.Using concrete breakers, underwater surveys, and oxyacetylene torches, they separated tons of concrete roadway, cable
The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as shipyards are focused on building other types of ships, a top executive with commodity trader Trafigura said on Tuesday.The crude tanker market, including VLCC supertankers
Italian shipbuilder Fincantieri will expand its cooperation with Saudi Arabia through its new unit Fincantieri Arabia, the group said on Wednesday.The Saudi unit will support the kingdom's Vision 2030 development agenda in the cruise, defense and offshore sectors, Fincantieri said in a press release, released on the margins of an industrial conference.
The Netherlands based marine towage provider KOTUG announced it has successfully piloted its innovative Tug Drone technology, performing a line transfer using an aerial drone.KOTUG said it worked with another Dutch company, unmanned aerial vehicle (UAV) experts SKEYE, to perform a line transfer over 400 meters from a tugboat to the helideck of Heerema’s crane vessel Thialf.