A salvage team from Five Oceans Salvage refloats the wrecked MV Benita from the southern shore of Mauritius, Monday, July 25, 2016.
The ship ran aground June 17, 2016 after a crew member attacked others on board before locking himself in the engine room, where he damaged equipment that resulted in the ship losing propulsion and eventually running aground.
Update: Tow to Alang Shipbreakers Proving Troublesome for Wrecked MV Benita
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The US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement.
Finland’s premier icebreaker designer, Aker Arctic, has been awarded a contract to develop a new state-of-the-art mid-size icebreaker. The effort is part of a major fleet renewal program to ready Finland's icebreaking fleet for the changing requirements in the Baltic Sea. The country is also part of the ICE Pact with Finnish yards looking to construct icebreakers for Canada and the U.S.
The United States and China have agreed a deal to temporarily slash reciprocal tariffs as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and set financial markets on edge.
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