Tag: Ships

Oil Companies Work Around Jones Act to Supply US Fuel Markets

August 18, 2022
Business & MarketsCompaniesGold and Commoditiesjonas actMarketsOilShipsUS
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U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S. East Coast, according to data from Refinitiv and oil trading sources, as high demand for gasoline and global disruptions in fuel markets sent prices higher. Traders are increasingly sending unfinished gasoline components from the Gulf Coast to Buckeye Partners…

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UK Bans All Ships With Russian Links From British Ports

March 1, 2022
bansBusiness & EconomyCompanieseconomic policieseconomyEuropeInternationalMarketsportsRussia-Ukraine WarRussianShipsUKWorld
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LONDON—Britain on Tuesday banned any ship with Russian connections from entering its ports as the country stepped up efforts to isolate President Vladimir Putin’s government because of its war in Ukraine. Announcing the blanket ban in a tweet, British Transport Secretary Grant Shapps encouraged other countries to prohibit ships tied to Russia from using their…

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China to Launch New Aircraft Carrier and Destroyer in Coming Months

November 11, 2021
aircraft carrierChinaChinese RegimedestroyermilitaryMissile DestroyerNavyPLAplanShipstechnologyType 003Type 055
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China is set to launch a new aircraft carrier and destroyer in the coming months, continuing the rapid expansion of its naval forces. Experts believe that foreign investments in China could be fueling the construction of the ships. China’s third aircraft carrier, the Type 003, will likely be ready for launch in three to six…

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‘Containergeddon’: Supply Crisis Drives Walmart and Rivals to Hire Their Own Ships

October 8, 2021
Business & EconomyCompaniesContainergeddoncrisisEconomieseconomyMarketsRivalsShipssupplyUSUS NewsWalmart
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LOS ANGELES—The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers, and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of retail giant Walmart, which is…

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Rescuers Pull 394 Migrants From Dangerously Overcrowded Boat Off Tunisia

August 2, 2021
AfricaboatEuropeanInternationalInternational Organization for MigrationMediterraneanmigrantsNGONorth AfricanShipsVikingWorld
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ABOARD SEA-WATCH 3, Mediterranean—Two humanitarian rescue ships pulled 394 migrants from a dangerously overcrowded wooden boat in the Mediterranean overnight on Sunday in an operation lasting about six hours, a Reuters witness said. Sea-Watch 3, a vessel run by German NGO Sea Watch, and Ocean Viking, run by European charity SOS Mediterranee, rescued the migrants…

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Deputy Ministers Defend Delays in Renewal of Aging Navy, Coast Guard Ships

May 26, 2021
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The federal government is behind schedule in delivering new ships for the Navy and Coast Guard, resulting in serious cost overrun and increased potential risks of vessel shortage. An report put forth by Auditor General Karen Hogan in February revealed that the National Shipbuilding Strategy has “significantly delayed” the delivery of many federal ships, increasing…

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March Marked Port of Long Beach’s Busiest Month in History

April 8, 2021
Californiacargoe-commercefreightLong Beach Californiaonline retailpandemicport of Long BeachrecordsRegional-Local NewsShipsSouthern CaliforniaUS
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LONG BEACH—March was the Port of Long Beach’s busiest month in its 110-year history and only the third month that the port handled more than 800,000 20-foot equivalent units in a single month, officials announced April 8.   March is traditionally a slow month for the port, officials said, but this past March, the dockworkers…

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