Lisa Shumaker News

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday.The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia."We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships," the Nigerian presidency quoted Uggla as saying during the meeting.Nigeria has promised to revamp its ports…

Recovery teams opened a second channel enabling smaller vessels to navigate the Port of Baltimore on Tuesday but most commercial shipping remains blocked by the collapsed bridge and stranded container ship that brought the structure down a week ago.A team including the U.S. Coast Guard, U.S. Army Corps of Engineers and the state of Maryland announced crews had cleared a channel with a depth of 14 feet (4.3 meters), similar to the 11-foot channel opened on the opposite side of…

The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies’ liability.U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged ship…

Two U.S. Navy SEALs who went missing in the Gulf of Aden earlier this month during a raid on a boat carrying Iranian weapons have not been located following an exhaustive search and their status has been changed to deceased, military officials said on Sunday.The SEALs were reported missing after boarding the vessel in a Jan. 11 operation near the coast of Somali, the U.S. Central Command said on X.“We mourn the loss of our two Naval Special Warfare warriors, and we will forever honor their sacrifice and example. Our prayers are with the SEALs’ families, friends, the U.S.

The United States shot down two missiles headed toward a container ship in the southern Red Sea and launched from Houthi-controlled areas of Yemen on Saturday, U.S. Central Command (CENTCOM) said.A Singapore-flagged, Denmark-owned/operated container ship reported that it was struck by a missile and the USS Gravely and USS Laboon responded to the ship, CENTCOM said in a post on X, formerly Twitter.While responding, the U.S.

Israel said on Sunday that Yemen's Houthis had seized a British-owned and Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security.The Houthis said they had seized a ship in that area but described it as Israeli. "We are treating the ship's crew in accordance with Islamic principles and values," a spokesperson for the group said, making no reference to the Israeli account.The Houthis…

DP World Australia, one of the country's largest ports operators, said on Monday operations had resumed at all its facilities after a cyber security incident forced it to suspend operations for three days.The breach had crippled operations at the company, which manages about 40% of the goods that flow in and out of Australia, affecting its container terminals in Melbourne, Sydney, Brisbane and Western Australia's Fremantle."Operations resumed at the company's ports across Australia at 9 a.m. today (2200 GMT, Sunday) ...

At least four migrants died and 51 were missing after a migrant ship sank off Tunisia's Kerkennah island, a judicial official told Reuters on Sunday, adding that all the migrants onboard were from sub-Saharan Africa.The Tunisian coast guard recovered 901 bodies of drowned migrants off its coast from Jan. 1 to July 20 this year, the country's interior minister said in July, marking an unprecedented number of victims off the country's coasts. The North Africa country is facing a…

At least eight people have died after two fishing boats capsized off the coast of San Diego, California, in an apparent migrant smuggling operation, emergency officials said on Sunday.San Diego emergency crews began a search and recovery operation late Saturday night, after receiving a 911 call from a Spanish-speaker about fishing boats in distress off the coast of San Diego's Black's Beach. Crews arrived to find two fishing boats capsized in a 400-foot (366 m) area, and eight bodies were recovered from the water and the beach…

Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said.Spot rates, which cover anywhere from 10% to 40% of ocean container shipments and are considered a key indicator of the industry's health, are in free fall as recession looms and the pandemic-fueled U.S. import bubble deflates.The cost to send a container from Asia to the United States on the demand-sensitive spot market has tumbled more than 80% from its September peak above $20…

A U.S. warship sailed through the sensitive Taiwan Strait on Thursday, part of what the U.S. military calls routine activity but which has riled China.In recent years, U.S. warships, and on occasion those from allied nations such as Britain and Canada, have sailed through the strait, drawing the ire of China, which claims Taiwan against the objections of its democratically elected government.In a statement, the U.S. military said the Arleigh Burke-class guided-missile destroyer…

European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations - with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.The agreement still needs approval from all EU governments in a written procedure by Friday. Poland, which had pushed for the cap to be as low as possible, had as of Thursday evening not confirmed if it would support the deal…

Global container shipping rates are a widely used gauge of overall consumer sentiment, with high and rising costs indicating strong demand for goods, gadgets, and clothes, while falling rates attest to slowing or falling buyer interest.As the main conduit for global trade in finished and intermediate goods - including an overwhelming majority of the parts and machinery needed to produce other merchandise - the container shipping sector can also offer a glimpse into the state of…

The U.S. Coast Guard on Sunday said it had recovered the body of one person after a vessel carrying Cuban migrants capsized off Florida's Little Torch Key, adding it rescued nine people and was searching for five others. Survivors told rescuers a total of 19 people were originally on the homemade vessel and that four people drowned immediately after it capsized, Coast Guard spokesperson Nicole Groll said. Rough seas and winds of 30 miles per hour made an already dangerous voyage more perilous, she said.

The owner of the second-largest U.S. liquefied natural gas (LNG) export plant has not yet provided regulators with a final repair plan, according to a person familiar with the matter, likely pushing any restart into the first quarter of next year.The outage since a fiery explosion in June has underscored the global demand for new gas supplies and required major LNG traders and customers of the roughly 16 million tonne per year processing facility to buy replacement cargoes at huge markups.Freeport LNG had pledged in August to restart gas-processing by early to mid-November…

A federal judge in Los Angeles on Friday dismissed the criminal indictment against a dive boat captain charged with manslaughter in the deaths of 34 people when the vessel caught fire and sank off the California coast three years ago.The 75-foot (23-meter) Conception caught fire while most of those onboard were sleeping, killing 33 passengers and a crew member. It is considered one of California’s worst maritime disasters.U.S. District Judge George Wu said in a ruling that the indictment…

Two U.S. Navy warships sailed through international waters in the Taiwan Strait on Sunday, the first such operation since a visit to Taiwan by U.S. House Speaker Nancy Pelosi enraged China which regards the island as its territory.The U.S. Navy, confirming a Reuters report, said cruisers Chancellorsville and Antietam were carrying out the ongoing operation. Such operations usually take eight to 12 hours to complete and are closely monitored by China's military.In recent years, U.S.

A U.S. appeals court on Wednesday vacated a lower court's decision to block the Biden administration's pause on new oil and gas leasing on federal land and waters - a key piece of the president's climate change strategy - and sent the case back to that court for further proceedings.The 5th U.S. Circuit Court of Appeals vacated the Louisiana district court decision to block the Interior Department's leasing pause after Louisiana and a dozen states sued the administration established…

Chief Executive Bob Chapek introduced Walt Disney Co's first new cruise ship in a decade on Wednesday, the culmination of the first project the former theme parks executive championed to the company's board of directors.The launch of the 4,000-passenger Disney Wish is a bright spot for Chapek, who became Disney's CEO in February 2020 and secured a three-year contract extension on Tuesday following recent controversies that prompted questions about his tenure.It took more than six years to bring the 144…

The U.S. Navy sees its future fleet comprised of more than 350 manned ships and about 150 unmanned ships hoping technology means lower operating costs as it prepares to counter a growing Chinese fleet, according to a Navy report released Tuesday.The plan for the 2040s and beyond underscored "the need to address long-term competition with China and sustain military advantage against Russia". It forecasts fleet numbers up slightly from a 2021 Navy long-range shipbuilding plan which…

The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub.It also said President Joe Biden would direct his Interior Department to move ahead with offshore wind development in areas of the Atlantic coast where former President Donald Trump banned oil and gas development."Today we open up yet another coast and frontier in expanding offshore wind…

The second-largest U.S. liquefied natural gas (LNG) exporter on Wednesday said it reached an agreement with a federal regulator that will allow it to resume some operations at its Quintana, Texas, plant in October.Freeport LNG shut the plant, which supplies about 20% of U.S. LNG exports, following an explosion and fire on June 8. Its closure helped to push up LNG prices in Europe and Asia, and dampening U.S. natural gas prices.The operator reached a consent agreement with the…

Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers to operate.Drivers picketed gates and blocked other truckers from hauling cargo in and out of the port. The protests in Oakland began on Monday and have grown larger and more disruptive with each passing day.Late on Wednesday, Port of Oakland Executive Director Danny…