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Security

Support grows for selling seized Russian assets to fund Ukraine – but experts warn it's a complicate

Momentum is growing among some Western nations to seize and sell Russian assets to fund Ukraine.But changing ownership of Russian assets to sell them means lengthy legal battles, an expert told Insider.Momentum is growing among Western nations to seize and sell Russian assets to help fund the cost of Ukraine's defense and reconstruction.

Great Lakes Dredge & Dock's 1Q Profit, Revenue Rise

Great Lakes Dredge & Dock Corporation reported a first-quarter net income of 11.1 million in the first quarter of 2022 an increase compared to first-quarter 2021 income of $8.8 million.Revenue for the quarter was $194.3 million, an increase of $16.7 million from the first quarter of 2021. The higher revenue in the first…

Amajuoji tasks FCFMT students to shun social vices – The Sun Nigeria

By Bianca Iboma-EmefuA Psychology consultant and security expert, Dr. Festus Amajuoyi, has advised students of tertiary institutions in the country to shun social vices and embraced good moral values as only a positive attitudinal change would enable them achieve success.He acknowledged that as youths, the students can positively change the countrys current narrative through hard work…

Lebanon buries dead in migrant boat sinking that killed 7

TRIPOLI, Lebanon Funerals were held across northern Lebanon on Monday for seven people killed when a boat packed with migrants sank over the weekend as the Lebanese navy tried to force it back to shore.The small vessel was carrying at least 60 people many times its capacity when the disaster struck Saturday night. The…

DOST to forge new STI agreements with Australian institutions; renews bilateral relation – Manila Bu

A delegation of the Department of Science and Technology (DOST) conducted a visit recently to Australian universities and research institutions allowing them to revitalize the country’s ties on Science Technology and Innovation (STI) and forge more partnerships.This scientific vist of DOST officials to the country was held…

Piracy

GENCO SHIPPING & TRADING LTD MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT

provisions of the Private Securities Litigation Reform Act of 1995. circumstances or future operating or financial performance. and observations. Form 10-Q. Company and its shareholders. required capital expenditures, or reserves. actually paid may vary. events or otherwise. vessels. deadweight tons ("dwt") and an average age of approximately 10.2 years. reputable charterers.

NATO MEMBER OWNED SHIP SINKS OFF ODESA – Russia Used Civilian Ship As A Human Shield

UPDATE: “The Estonian-owned cargo ship Helt SUNK on Thursday off the Ukrainian port of Odesa after an explosion,” Igor Ilves, managing director of Tallinn-based manager Vista Shipping Agency, told Reuters. “Two crew members were in a life raft at sea while four others were unaccounted for.”“The vessel has finally sunk,” he said.

The Lancaster ship with starring role in Disney's Treasure Island that met a fiery end in Morecambe

Lancashire has been known to produce some of England's greatest entertainers.From Bobby Ball, to Thora Hird, Lee Mack, and Eric Morecambe; the north west has long been a hub for bringing great thespians into the world. While we are well versed in the careers of the county's most famous sons and daughters, few people are…

MOWCA under Nigerias leadership: Implications for regional maritime business | The Guardian Nigeria

The emergence of Dr. Paul Adalikwu, a Nigerian, as the Secretary-General of the 25-member Maritime Organization of West and Central Africa (MOWCA) comes with a lot of implications for the country in particular, maritime business in the Gulf of Guinea and, indeed, the international maritime community in general.First of all…

3-day workshop on Maritime law concludes at RRU in Gandhinagar

A three-day-long workshop on maritime law of the Colombo Security Conclave, in which senior delegates from six countries-India, Bangladesh, Sri Lanka, Maldives, Mauritius and Seychelles participated,was concluded at Gandhinagar based Rashtriya Raksha University (RRU) on Saturday.The workshop was organised by the National…

Port

British Virgin Islands Premier, Port Director Charged with Drug Trafficking and Money Laundering Cri

Federal prosecutors in Miami, Florida have charged three people, including British Virgin Islands (BVI) Premier, Andrew Alturo Fahie, and Managing Director of the BVI Ports Authority, Oleanvine Pickering Maynard, with cocaine trafficking and money laundering crimes for allegedly conspiring to smuggle tons of Colombian cocaine bound for Miami through BVI ports, the U.S.

New maritime money could fund local 'container-on-barge' service – 10/12 Industry Report

The U. S. Department of Transportations Maritime Administration (MARAD) announced last week that it would add another $14.8 million in available funding to the Americas Marine Highway Program (AMHP), reports Transportation Today.Portions of the funding could be used for the Baton Rouge to New Orleans Shuttle Service, which…

Yemen truce could help reverse humanitarian crisis: UN

Sanaa (AFP) The United Nations has warned of a "worsening" humanitarian situation in Yemen but said a fragile two-month truce since early April could help reverse the situation. Read more"The worsening humanitarian crisis in Yemen is a reality that we need to urgently address," UN humanitarian coordinator for Yemen, David Gressly…

Marine Insurer Warns of Risks of Shipping Containers on Vessels Other Than Purpose-Built Containersh

With continued chaos driving record-high freight rates in container shipping, some shippers have been forced seek more creative ways of moving cargo point A to B, including turning to bulk carriers and general cargo ships for their transportation needs.But with great risk comes, well, great risk. According to a recent report from marine claims consultancy WK Webster…

Round-the-clock dredging to free grounded container vessel in Chesapeake Bay

A full-time dredging operation to free the grounded container vessel EverForward continued Tuesday, aiming to refloat the ship near the Craighill Channel in upper Chesapeake Bay."It has to succeed, and I believe it will succeed. We'll get that ship off and running sometime in the near future," Maryland Port Administration Executive Director Bill Doyle told Baltimore television station WBLTV.