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...Wood, Ark’s founder and chief executive, cited years of interest from potential investors across the Atlantic Ocean as she seeks to make her mark in the $2tn European ETF market....
...that ocean area....
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...The Behshad is registered as an ordinary dry bulk carrier, and outwardly looks like any of the thousands of such vessels that ply the oceans....
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...Naked clams have already changed the course of history, stranding Christopher Columbus and his crew in the Caribbean due to their unique ability to convert wood (and unfortunately Columbus’s ship) into nutrient-packed...
...This has sent vessels into waters in the Indian Ocean and off West Africa that generally attract less traffic....
...Jeremy Nixon, chief executive of Japan’s Ocean Network Express, said many shipping lines were facing scheduling problems....
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...The Indian Coast Guard said it had sent a patrol ship and maritime surveillance aircraft to provide assistance to the Chem Pluto, which had 20 Indian nationals and one Vietnamese worker on board....
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...I swim over the old ship....
...Shippers, however, are still using the much longer and more expensive route between Europe and Asia via the Cape of Good Hope, meaning arrivals by container ships in the Gulf of Aden are down 92 per cent...
...The other big alliance — the Ocean Alliance — between France’s CMA CGM, China’s Cosco and Taiwan’s Evergreen — controls 29.3 per cent of the fleet....
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...Of the remainder, including container ships and fuel tankers as well as passenger and supply vessels, a quarter were untracked....
...“Partly, lots of cars are being moved around . . . and there haven’t been many new buildings [of ships] coming into the market”....
...The process, says Canon, will be “one digit” cheaper and use up to 90 per cent less power than Netherlands-based ASML’s market-dominating and light-based extreme ultraviolet (EUV) technology....
...“It is likely other larger US east coast ports such as neighbouring New York/New Jersey and Virginia can handle additional container imports if Baltimore is inaccessible, which may limit any impact on ocean...
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...In late August, the US conducted a naval drill with Japan, Australia and the Philippines in the South China Sea, followed by a bilateral sail with a Philippine ship and a joint coast guard operation with...
...Iran-backed Houthis struck a US-owned cargo ship on Monday, the first direct assault on a commercial vessel since American and British forces launched multiple strikes against the Yemeni rebels last week...
...“Some people are sceptical [of sails] from a technical point of view and they feel very strongly that you shouldn’t alter their ship....
...The likes of Carnival, Royal Caribbean and Norwegian were at risk of running aground in 2020. A lacklustre recovery followed in 2021 and 2022....
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