Salvage of the partially sunken MV Flinterstar following a collision with an LNG carrier earlier this week off the coast of Belgium kicks into high gear as oil spill cleanup winds down and the inquiry into what happened continues. Dutch ship owner Flinter reports that the Flinterstar remains stable and the company has contracted SMIT and […]
By Edward McAllister and David Adams NEW YORK/MIAMI, Oct 8 (Reuters) – The ill-fated U.S.-flagged El Faro cargo ship sunk by Hurricane Joaquin was sailing at near full speed into the center of the storm before it lost propulsion amid mountainous waves and brutal winds, according to ship tracking data. The data on Thomson […]
By Christine Buurma, Stephen Stapczynski and Naureen S. Malik (Bloomberg) — Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more. Consulting firm IHS Inc. says only one in every […]
On Wednesday night, the final rescue crews on the El Faro mission called in, “We are returning to base – negative results,” and left the search area. The hearts of family and friends finished a breaking that began a week ago, and all they are left with now are questions. As unspeakably tragic as the last week has been, I […]
By David Sherwood PORTLAND, Maine, Oct 8 (Reuters) – The captain of the ill-fated cargo ship that sank in a hurricane off the Bahamas with no survivors last week was an experienced and highly trusted mariner who had spent a lifetime on the water, friends and colleagues said. The captain of El Faro, Michael […]
The photos below provided by KOTUG International show the Royal Research Ship Discovery being escorted underneath London’s iconic Tower Bridge. Photos courtesy KOTUG.
By Yaacov Benmeleh (Bloomberg) — Zim Integrated Shipping Services Ltd., a marine transportation company, hired Bank of America Corp.’s Merrill Lynch unit and Barclays Plc to lead an initial public offering in the U.S., according to two people with knowledge of the matter. The Haifa, Israel-based company, a unit of billionaire Idan Ofer’s Kenon […]