According to a article released by the Associated Press, Carnival Cruise lines has been awarded $24 million as the result of lawsuit against Rolls Royce, claiming a faulty propulsion system that Rolls Royce had installed aboard the Queen Mary 2.
The verdict came Wednesday after a two-week federal trial in a Miami court room where Carnival contended that the Mermaid propulsion system installed by Rolls Royals was defective, suffered breakdowns and had to be serviced more often than advertised.
Read more at HERE.
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By Brian Platt and Josh Wingrove Aug 22, 2025 (Bloomberg) –Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade...
Orient Overseas International Ltd. warned that additional port levies imposed could negatively impact the firm, but shifting global trade patterns amid tariff uncertainties could bring opportunities to the shipping sector.
U.S. oil and gas producer ConocoPhillips said on Thursday it would secure 4 million tonnes per annum of liquefied natural gas from Sempra's Port Arthur LNG Phase 2 project in Texas to serve key global markets.
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