21st Feb 2018 U.S. authorities are investigating the disappearance of the chief mate of a bulk carrier who went missing while his ship was at anchor in Puget Sound near Seatle, Washington last week. U.S. Coast Guard Sector Puget Sound command center watchstanders received a call last Thursday, Feb. 15, …
Read More »20TH FEB 2018 The shipping agency that struck the first freight deal settled in Bitcoin is now seeking $150 million to launch its own cryptocurrency. Prime Shipping Foundation, a partnership between Gibraltar-based Quorum Capital Ltd. and ship broker Interchart LLC, is looking to raise the funds by midyear in a so-called initial …
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The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments. The Louisiana Offshore Oil Port, or LOOP, the only deep water port in the U.S. able to handle the industry’s …
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The MV Kudos pictured following the attack. Some quick thinking by the crew of a Philippine-flagged cargo ship helped fend off a pirate attack last Friday after they used boiling water as a weapon against the pirates. According to the Philippines Coast Guard, the MV Kudos was underway in the …
Read More »The Indian State of Maharashtra plans to build a hyperloop between Pune and Mumbai. Virgin Hyperloop One Chairman Richard Branson announced the framework agreement in the presence of Prime Minister Narendra Modi and the Chief Minister of Maharashtra Devendra Fadnavis. The signing was also attended by key investors Sultan Ahmed …
Read More »19TH FEB 2018 The U.S., Australia, India and Japan might create their own infrastructure scheme as an alternative to China’s Belt and Road initiative. The news was reported in Australian Financial Review and cites comments from an unnamed U.S. official. “No one is saying China should not build infrastructure,” says …
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