Whenever one of the firm’s fuel suppliers would send an email asking for payment, the virus simply changed the text of the message before it was read, adding a different bank account number. "Several million dollars," says Mr Jensen, were transferred to the hackers before the company cottoned on.
UK P&I Club estimates that carriers could save about $38 billion a year by using Blockchain technology. The average saving is estimated to be about 15-20% per one container shipment. “Blockchain is often described as a distributed ledger technology, but what does it mean? Think of it as a bank transaction. Presently, whenever we transfer money we rely on a middleman (the bank), to process the transaction. Now imagine that the bank is instructed to execute a complicated, time sensitive international transaction, where various strands of payments are triggered by numerous events outside the bank’s direct involvement or control.
About a dozen American sailors aboard a destroyer during a deadly collision off the coast of Japan in June will be punished for their roles in the accident, a senior Navy official said Thursday. They include the two top officers, who will be relieved of duty. The disciplinary measures were announced as the Navy released a harrowing preliminary report on the collision between the destroyer Fitzgerald and a freighter that killed seven people aboard the American ship. It was one of the Navy’s deadliest accidents in years.
Saudi coalition forces have been on guard in the port of Mokha after a recent series of attacks by remote-controlled, bomb-laden boats operated by Houthi rebels. The Houthi forces have had success with this tactic before: in January, they damaged the Saudi frigate Al-Madinah with a remote-controlled boat, and they nearly struck a petroleum product terminal at Jazan, Saudi Arabia in April. On July 29, the rebels allegedly drove another remote-controlled boat into a pier at Mokha, Yemen, according to a statement from the coalition. It detonated near berthed vessels, but did not cause any significant damage.
Once rare American-built oil tankers are now plentiful, changing U.S. gasoline flows and giving shipowners headaches. These brand-new tankers have names like American Endurance, American Freedom, American Liberty and American Pride painted on their sterns. They’re part of a growing fleet of so-called Jones Act ships, named for a law almost a century old that mandates any commodities moved from one U.S. port to another are hauled by vessels manufactured in an American shipyard. Government data show that in May, U.S.-made tankers had their best month ever transporting gasoline components from the Gulf Coast.
The Norwegian Coast Guard has removed Greenpeace protesters from the safety zone around Statoil’s drilling operations in the Korpfjell field, the country’s northernmost exploration well in the Barents Sea. The protestors entered the 500-meter exclusion zone around the Songa Enabler in kayaks on Thursday. They attached a giant globe to the rig that carried written statements from people from all over the world calling on the Norwegian government to stop the drilling operation. Statoil said their actions were "illegal and irresponsible," and called the authorities. The protesters refused to leave the area.
A bizarre incident at the Port of Los Angeles Wednesday night as a high-speed police chase ended with the suspect entering the port where he climbed a giant ship-to-shore crane and stripping naked before plunging to his death. The wild scene began just after 3 p.m. when local law enforcement began chasing a 23-year-old man through Los Angeles county in an SUV he allegedly stole from a dealership earlier in the day. The suspect eventually entered a dock at the port of Los Angeles, where he continued to drive erratically through stacks of containers, then ditched the car and climbed a 17-story crane.
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