SINGAPORE, July 19 (Reuters) - Singapore's Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine. Keppel, whose businesses range from rig-building to property development, posted a net profit of S$246 million ($179 … [Read more...]
Company Claims to Find Russian ‘Treasure Ship’ Amid Skepticism
By Josh Smith SEOUL, July 19 (Reuters) - A company claiming to have found the wreck of a Russian warship with $130 billion in gold "treasure" off the coast of South Korea has drawn skepticism from researchers and regulators in Seoul. Shinil Group, which lists a Singapore address on its website, said on Tuesday it had discovered the wreck of the Dmitrii Donsk, a Russian … [Read more...]
Korean Court Holds Government Accountable for 2014 Sewol Ferry Sinking
By Hyonhee Shin SEOUL, July 19 (Reuters) - A South Korean court on Thursday acknowledged for the first time the government's liability for the 2014 sinking of the Sewol ferry, which killed 304 people, mainly school children, and ordered it to compensate victims' families. A botched rescue and the toll of children in one of Asia's most technically advanced economies shocked … [Read more...]
Norway Rig Owners Consider Lockout to Try to Break Strike
By Lefteris Karagiannopoulos OSLO, July 19 (Reuters) - Owners of Norwegian oil rigs are considering imposing a lockout on workers as a high-stakes gamble to try to end a strike by almost 1,600 staff that began last week. A lockout would involve preventing staff from accessing installations until a deal is struck. It could prompt the government to try to impose a settlement … [Read more...]
Hawaii Lava Tours Face New Limits After ‘Lava Bomb’ Incident
By Jolyn Rosa HONOLULU, July 17 (Reuters) - Hawaii lava tour boats faced tighter restrictions on Tuesday after 23 passengers were injured by a volcanic explosion, as authorities investigated whether a vessel hit by "lava bombs" went too close to molten rock oozing into the Ocean. The U.S. Coast Guard now requires boat captains to stay at least 300 meters (yards) from lava … [Read more...]