No Cruise Ship Cheer for Cape Town Amid Omicron Alarm
The docking of the Europa passenger liner in Cape Town on Tuesday was meant to be a ribbon-cutting celebration marking the official start of the cruise ship season in South Africa’s top tourist hub, the first since the COVID-19 pandemic hit.But international travel curbs on southern Africa, where the new Omicron coronavirus here variant was first identified, have blown expectations of a bumper tourist season out of the water.The multi-story luxury liner is the first to dock at…
Royal Caribbean Warns of Second-quarter Loss
Royal Caribbean Cruises Ltd forecast a loss in the second quarter on Wednesday as the cruise operator struggles with mounting debt amid trip cancellations due to travel curbs imposed to check the spread of the coronavirus.The company, which posted a bigger-than-expected loss in the first quarter, has faced the brunt of the COVID-19 pandemic as major outbreaks in cruises were blamed for spreading the disease.In the past few months, Royal Caribbean has borrowed more than $5 billion, some by pledging its ships, and now expects to pay between $590 million and $610 million in interests for the rest
Workers From a BP Gulf of Mexico Platform Test Positive for COVID-19
Several workers on a BP Plc oil platform in the U.S. Gulf of Mexico have tested positive for coronavirus, the company said on Wednesday, a day after a worker at BP's operations in Alaska also tested positive.The cases are the first recorded among oil workers in the Gulf of Mexico and Alaska, and follow a positive test at an Equinor offshore project in the North Sea.A case of the coronavirus was also reported at BP's Whiting, Indiana refinery, according to local media reports.More than 850…
Business Picks up Pace in China, Global Recovery Pace Uncertain
China's business and travel activities are steadily recovering after being disrupted by the coronavirus outbreak, but rapidly rising infections globally will pose a challenge to the country's broader economic resumption.Nomura estimated in a research report on Monday about 61.6% of the firms hardest hit by the health crisis in China have resumed work as of March 8, and 74.1% in the broader economy.China reported on Monday no locally-transmitted cases of infection on the mainland outside of the central province of Hubei…
Japan Imposes Asset Freeze on N.Korean Shipping Firm
Japan on Friday froze the assets of the operator of a North Korean ship seized for smuggling arms, the Foreign Ministry said, just as Tokyo is engaged in talks with Pyongyang to return Japanese citizens kidnapped by North Korean agents decades ago. The sanction against Ocean Maritime Management, which operated the ship detained near the Panama Canal a year ago carrying Soviet-era arms, follows similar steps by the United States and U.N. blacklisting of the North Korean firm in July. It is not immediately clear how much assets, if any, Ocean Maritime Management holds in Japan, the Finance Ministry said. North Korea in May agreed to reinvestigate the fate of Japanese citizens abducted by the reclusive state in the 1970s and 1980s.
