Shares in shipping companies fell heavily in Europe and Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected.In early trading in Europe, shipping group A.P.
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U.S. Port Strike Settled— What happens next?
The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) announced in an historic development for U.S. maritime industry that they had reached a tentative agreement which officially ends the longshoremen…
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US Port Strike Leaves Huge Cargo Backlog In Its Wake
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The st...
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Meyer Turku Floats Out Royal Caribbean’s Star of the Seas
Finnish shipbuilder Meyer Turku has floated out Star of the Seas, the second Icon-class cruise ship for U.S. cruise giant Royal Caribbean.The float out was celebrated at the Turku, Finland shipyard with an event that included the firing of a ceremonial...
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Great Lakes Limestone Trade Up 9.4%
Shipments of limestone on the Great Lakes totaled 3.8 million tons in September, an increase of 9.4% compared to a year ago, according to latest figures from trade group the Lake Carriers’ Association (LCA). Limestone cargos were also above the month’s...
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AUKUS Experiment: Navies Control Ships from 10,000 Miles Away
The navies of Britain, Australia and the U.S. were able to control uncrewed ships in Australia while sitting more than 10,000 miles away in Portugal as part of a series of military experiments, Britain's Royal Navy said on Friday.The AUKUS security pac...
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Operation Summerstock: Strengthening Security and Saving Lives
Summer is easily the busiest season for the U.S. Coast Guard. New England is no exception, people flock to the beaches to swim, and recreational boating is at its peak. Many destinations along the coasts are hot spots for tourism and increased safety c...
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Robinson Heads Up Bunker Desk at Tankers International
VLCC pool Tankers International announced it has appointed Stephen Robinson to head up its bunker desk.Robinson will be UK-based and brings many years of experience to the business, having previously worked as managing director for both Bomin and Cocke...
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White House Sides with Union as US Dockworker Strike Enters Second Day
President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International…...
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UK Firm Orders New Aquaculture Vessel
Donegal, Ireland-based Seabound Engineering has been awarded a contract to build a new vessel for one of the largest mussel farming companies in the U.K.The 25-meter mussel harvester, designed by Rockabill Marine Design (RMD), is expected to…
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