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...The Behshad was 43 nautical miles away when the True Confidence was struck. That attack followed six others in the Gulf of Aden or at the entrance to the Red Sea over just 15 days....
...Two Asia-based aircraft leasing companies told the Financial Times that they were hesitant to buy the C919 in bulk because of the lack of international certification and uncertain client demand....
...At the peak of Somalia’s piracy crisis, between 2009 and 2012, Somali pirates were seizing scores of ships annually, some as far as 1,000 nautical miles from Somalia....
...Its registered owner is a company called Golden Adventure Shipping, with an address in the UK port of Southampton. It was not clear, however, who ultimately controlled the ship....
...The capture of the bulk carrier Abdullah off the Somali coast is the first such incident since December, underlining what the industry sees as a growing risk for commercial shipping....
...One shipping executive — John Wobensmith, chief executive of New York-based dry bulk company Genco Shipping — said he had not had any push back from charterers on diverting his vessels....
...The attack, 95 nautical miles south-east of Aden, in Yemen, was first reported by the UK’s Dubai-based Maritime Trade Operations office....
...Sea Intelligence estimates that for a modern large container ship a 1 per cent speed increase typically produces a 2.2 per cent rise in fuel consumption....
...Dominguez, a Panamanian national who took office on January 1, said the IMO had urged coastal states to maintain their protections against piracy....
...Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012, which cost about $1.5bn...
...The Houthis fired their latest missile at about 1.45pm local time into “international shipping lanes” in the southern Red Sea, according to the US Central Command....
...rates,” said Emily Stausbøll, market analyst at Xeneta, a shipping data firm....
...On Saturday, a tanker operating about 200 nautical miles from the coast of India was attacked by a drone, the first incident targeting a vessel far beyond the Red Sea....
...The Project Timber analysis suggests that the smaller share of creditors, who hold “Class B” debt — and own about £1.6bn of the Thames Water operating company’s borrowings — would probably lose 35-40 per...
...It was up 1.8 per cent by Wednesday afternoon....
...ADM is a low-profile company that plays a pivotal role in global food supplies, buying crops from farmers for processing into bulk ingredients, animal feed and motor fuel or shipping to customers around...
...The exclusivity had been a “relevant factor” in the company’s decision to spend $1.3bn on the construction of its first phase, it said....
...With more than 20 restaurants and bars, indoor palm trees, a theatre seating nearly 1,000 and a 2,000-square-metre shopping centre, the ship has 16 floors and can carry 5,246 passengers, according to its...
...It is not just Matchesfashion and Farfetch: Swiss luxury group Richemont is also trying to offload its lossmaking ecommerce business Yoox-Net-a-Porter after €1.8bn in writedowns....
...The Danish group has sought to use windfall profits from the past few years to bulk up its land-based logistics business in an effort to offset more volatile earnings from its shipping arm....
...The central bank has forecast that the economy will grow barely 1 per cent this year and it is under pressure to loosen policy....
...on May 23, said in a statement that the leadership handover to incoming chief executive Bonnie Chan had been “going extremely well” and he had “therefore decided to fully hand over the role of CEO as of 1...
...The talks followed moves by US majors including ExxonMobil and Chevron to acquire smaller rivals and bulk up their portfolios as a consolidation wave has hit the sector....
...According to analysts who cover the noodle-makers, the pattern of buying has shifted revealingly in America’s sub-$1-per packet market....
...“If Russia decides to escalate, then it will go into a direct confrontation with Germany and its Chinese allies,” said Gennadiy Ivanov, director of BPG Shipping, a Ukrainian dry bulk shipping company that...
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