UBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.UBS could also try to sell the portfolio, but doing so could prompt owners to move their accounts elsewhere, the WSJ reported, citing people familiar with the matter.
Twenty-five people were injured when a ship came off its holding and tipped on its side in a dry dock in Leith, Scotland on Wednesday, the Scottish Ambulance Service said, with 15 taken to hospital.Ten people were treated and discharged at the scene, the emergency service added in a statement.Pictures posted on Twitter showed a large ship propped up against the wall of a dry dock.
Capsized in a river in southern Iraq, the rusting wreck of a yacht that belonged to Saddam Hussein serves as a stark reminder of his iron-fisted rule that ended with the U.S.-led invasion two decades ago.The 121-metre (396 ft) "al-Mansur", a symbol of Saddam's wealth and power when it was built in the 1980s
Israel on Thursday criticised Brazil's decision to grant berth to two Iranian warships in the face of U.S. pressure, and urged President Luiz Inacio Lula da Silva's government to send them away.The vessels docked in Rio de Janeiro on Sunday. Reuters reported that Brazil had declined to admit them in January, in a goodwill gesture from Lula as he flew to Washington to meet U.S. President Joe Biden.
Singapore-based shipbuilder Sembcorp Marine has delivered Deepwater Titan, the world’s second 8th-generation drillship, to Transocean subsidiary Triton Titan GmBH.Deepwater Titan is the second of two new 8th-generation drillships constructed by Sembcorp Marine based on the group’s Jurong Espadon 3T design.
Protests were temporarily called off at Adani's Vizhinjam seaport in the southern Indian state of Kerala after more than four months of agitation, a protest leader said on Tuesday, but demands to halt port construction were not met.Work by the Adani Group had been paused at the port because of objections from a mostly Christian fishing community, led by Catholic priests
Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognized government said.The Iran-aligned Houthis fired a projectile from a drone that landed at the entrance of the terminal, which is located in the town of al-Shihr, two workers at the terminal told Reuters.
Maersk Line, Limited (MLL), a U.S. subsidiary of Danish shipping giant A.P. Moller - Maersk, has resolved a sexual assault and harassment suit filed by former U.S. Merchant Maritime Academy (USMMA) cadet Hope Hicks.Hicks shook the international maritime community in 2021 under the moniker "Midshipman-X" when she publicly described how she was raped by her superior officer while serving as an
Ukraine’s army accused Russia on Sunday of the large-scale destruction of civilian vessels moored on the banks of the Dnipro River in the occupied southern region of Kherson that Kyiv’s forces are trying to capture.Ukrainian forces have been piling pressure on Russian troops on the western bank of the Dnipro that bisects Ukraine
More than 560 dockworkers at the Port of Liverpool, one of Britain's largest container ports, will go on strike from Sept. 19 to Oct. 3 over pay, the Unite union said on Friday, adding to a summer of industrial unrest caused by soaring inflation."Workers across the country are sick to death of being told to take a hit on their wages and living standards
More than two dozen crew on an engineering [reportedly an offshore wind] vessel [Fujing 001] with 30 people on board were missing after it snapped in two in waters off Hong Kong as tropical storm Chaba passed through, authorities said.Three crew members were rescued, and search and rescue operations were continuing for others about 300 km (200 miles) southwest of the city
A British crew member of the ship Scot Carrier has been charged with manslaughter in a ship collision in December last year in the Baltic Sea that killed two Danish seafarers, Danish police said on Tuesday.The 30-year old British man was on duty when the 55-meter (180 ft) barge Karin Hoj was in collision with the 90-metre (295 ft) Scot Carrier in fog and darkness off the Danish island of Bornholm.