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...]
Maersk Line, MSC and ZIM Enter Strategic Cooperation on the Asia – U.S. East Coast Trade
Israeli container shipping company ZIM has reached a deal with 2M alliance members Maersk Line and Mediterranean Shipping Company on a new strategic cooperation on the Asia – US East Coast trade. Starting in early September 2018, the companies will operate five loops between Asia and the U.S. East Coast. ZIM will operate one loop and 2M will operate four loops, and the … [Read more...]
Death of Dirty Fuel Oil May Be Exaggerated as Ships Fit Scrubbers
By Alex Longley and Irene García Pérez (Bloomberg) -- One of the world’s most polluting fuels may have some life left in it yet. Demand for high sulfur fuel oil is expected to crater in 2020 when the International Maritime Organization introduces a cap on sulfur. But companies that build exhaust cleaning systems for ships, which enable the vessels to keep burning the fuel, … [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...]
Dutch Cargo Ship Aground in the Pentland Firth Off Scotland
Update (Thursday) - The Coastguard reports that the situation remains unchanged and there was no attempt to refloat the vessel at high water Thursday morning. Two tugs remain on scene included the Emergency Towing Vessel Ievoli Black. Wednesday - An 89-meter cargo ship with six people on board ran aground in the Pentland Firth off Scotland on Wednesday as … [Read more...]