Four bodies were retrieved on Wednesday from the sunken wreck of a yacht belonging to the wife of British tech magnate Mike Lynch, the Italian fire brigade said, adding that they were continuing to search for two missing people.The bodies were brought ashore on rescue boats and taken to nearby hospitals for formal identification.
Scuba divers scouring the wreck of British tech magnate Mike Lynch's family yacht, which sank off Sicily two days ago, have found two bodies inside it, a source close to rescue operations said on Wednesday.One of the bodies belonged to a heavily built man, the source said.Rescue officials have been looking for six missing people, including Lynch, his 18-year-old daughter and Jonathan Bloomer
Maersk expects global container shipping growth to slow from a strong start to the year, when customers soaked up goods to prevent them from being held up by Red Sea attacks and other disruptions, it said on Wednesday.The Danish company, viewed as a barometer of world trade, said global container demand increased about 7% year-on-year in the first half of the year
Shipping group Maersk raised its full-year earnings and market demand forecasts on Thursday, partly due to disruptions to Red Sea trading routes, but also said prospects for the fourth quarter were uncertain.The Danish group, seen as a barometer of world trade, said it now expected global container market volumes to increase 4-6% this year
Huntington Ingalls Industries on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and submarines.The Virginia-based company reported a profit of $4.38 per share for the quarter ended June 30, ahead of analysts' estimates of $3.62.
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter.
Power services firm GE Vernova on Wednesday said a manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts earlier this month.The turbine blade broke on July 13 and left potentially dangerous debris on beaches on the island of Nantucket. Later, U.S. authorities ordered a shutdown of the project, which is still under construction.
Walt Disney unveiled plans on Tuesday to launch a new cruise ship that will set sail from Tokyo starting in fiscal 2028, adding a ninth vessel to the brand's growing fleet.The new ship, to be built by Germany's Meyer Werft and modelled after the Wish that is the largest vessel in the group, is a partnership with Oriental Land Company (OLC), the operator of Tokyo Disneyland.
Shipping group CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red Sea disruption, but expects an influx of new ships to weigh on the market later in the year, it said on Friday.France-based CMA CGM, the world's third-largest container line, reported first-quarter net profit of $785 million
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 U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it persists in December, could result in trade having no impact on economic growth in the fourth quarter.The report from the Commerce Department on Tuesday also showed exports declined in November amid cooling demand overseas.
Yemen's Houthis have been targeting vessels in the southern Red Sea and the Bab al-Mandab Strait in attacks that the Iran-aligned group says aim to support the Palestinians as Israel and Hamas wage war.Several freight firms including MSC, the world's largest container shipping line, said they would avoid the Suez Canal as a result, which could mean having to circumnavigate Africa instead.