Hamburg Parliament Delays Decision on Proposed MSC Investment in Port
In a surprise development, the Budget Committee of the Hamburg Parliament on Tuesday voted to delay its decision on the…
Fiji’s New Patrol Boat Evacuated After Grounding on First Patrol
The Government of Fiji and the Fiji Navy are working to manage a major embarrassment after the country’s new patrol…
Russian Warships Arrive in Havana
Two Russian Navy warships have arrived in Havana, Cuba, completing a well-publicized voyage that appears calibrated to send a message…
Video: Italian Forces Rescue 85 Passengers and Crew as Ferry Risks Sinking
All available resources including the Italian Coast Guard, multiple units of the police, and fire brigade were called out at…
U.S. Navy Rescue Swimmer Dies in Training Accident in Florida
An experienced U.S. Navy rescue swimmer was killed in a training accident at Naval Air Station Jacksonville last week, the…
Tesla Battery Storage System to be Installed by Ørsted at UK Wind Farm
Ørsted has taken the final investment decision on a battery energy storage system which will be one of the largest…
Vietnam Protests "Illegal" Activities of Chinese "Reef Survey Vessel"
The government of Vietnam has protested the operations of a new Chinese survey vessel in the Gulf of Tonkin, alleging…
Newbuilding Prices Reach Highest Level in 16 Years Driven by Strong Orders
After years of downturn and a soft decade through most of the 2010s, the industry trade group BIMCO reports shipbuilding…
UBS market strength puts Swiss industry on edge
UBS’s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged…
Germany’s May inflation rises to 2.8% on higher services prices
German inflation rose in May due to higher services prices, the federal statistics office said on Wednesday, confirming preliminary data.…