shares closed trading at EUR29.68 yesterday, a drop of 17.8% from the price early Friday when the downgrade was released. Shares today are currently trading down further at EUR29.48, which represents a decrease in market capitalisation for the line of around
"Governance at the International Maritime Organisation: The Case for Reform", it outlines several key policy issues and recommendations to meet international standards for transparency, accountability, and integrity. These changes, are essential if the IMO
is going to honour its environmental and climate mandates and reach a reduction of greenhouse gas emissions of at least 50 per cent by 2050.
proposed to establish the entity last year to help revive the nations slumping maritime industry. The companys roles include investing in new ships, providing payment guarantees for shipbuilding orders, purchasing and chartering seconhand vessels, providing
market information to shippers, supporting shipping companies to replace old vessels and implementing major shipping mechanism in emergency cases.
about 300 meters (1,000 feet) from shore in bad weather at 2:30 pm local time. The captain deliberately grounded the sinking ferry in shallow waters in an attempt to save the lives of those on board. The vessel was loaded
with 48 cars and motorcycles as well as the passengers.
and China could see a permanent loss of three percent of economic output and the European Union (EU) four percent in the case of a full-blown trade war, it estimated on Tuesday. In the EUs case, that translates into the
loss of 1,250 euro (1,104.53 pounds) annually per habitant, it added.
Cruises said the 1,880-passenger ship would leave its fleet in August 2019 following a special final sailing. The cruise firm said Oriana would be replaced by Iona, a new 180,000-ton ship which is due in 2020.
bond obligations and more than $1bn in contingent newbuild obligations. It leavesSeadrill with over $1bn in fresh capital while leaving employees, customers, and ordinary trade claims largely unimpaired. Seadrill filed
for chapter 11 last September, together with subsidiary companies North Atlantic Drilling and Sevan Drilling, after reaching an agreement with its banks and a large percentage of bondholders.
senior U.S. Senator who was a longstanding supporter of the U.S. maritime industry and its important role in supporting Hawaiis economy. She is the first of two new ships being built for Matson by Philly Shipyard at a total cost of approximately $418 million
for the pair, and the first of four new vessels that Matson will put into its Hawaii service during the next two years.
DMAIB reports on the unintentional release of a rescue boat on the Fjord Line passenger vessel Bergensfjord. During a training exercise, the rescue boat was unintentionally released after the hooks release lever contacted
the arm of the davit when the rescue boat was hoisted out of its cradle, essentially causing an on-load release of the hook.
to Carnival Cruise Line in Miami as EVP operations. Klein is currently managing director and group COO of CPO Holding (Offen Group) in Hamburg.
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