Tuesday, August 16, 2022
Foreign

Foreign

Russian warship hit by Ukrainian missiles sinks in Black Sea

Russian warship hit by Ukrainian missiles sinks in Black Sea

One of Russian Navy’s most important warships has sunk in the Black Sea, a massive blow to a military struggling against Ukrainian resistance 50 days into Vladimir Putin’s invasion of his neighbour. Russian state news agency TASS reported Thursday evening...

Freight Rates Declining in 2022 in the Face of Uncertainties

After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline. The steady drop that began...

Holland America Cruise Ship Provides Temporary Housing for Ukrainians

Holland America Line announced that it has chartered its cruise ship the Volendam to be used to accommodate Ukrainian refugees. The agreement with the Netherlands and the City of Rotterdam government officials is for three months and delays the...
Keith Svendsen emerges new CEO of APM Terminals as Engelsoft retires

Keith Svendsen emerges new CEO of APM Terminals as Engelsoft retires

The Chief Executive Officer of APM Terminals, Morten Engelstoft has chosen to retire and will be succeeded by the firm’s Chief Operating Officer (COO), Keith Svendsen. Engelsoft wlll step down as CEO on July 1, 2022 after a 36-year career...
UK launches criminal, civil probes into P&O Ferries job cuts

UK launches criminal, civil probes into P&O Ferries job cuts

Britain’s Insolvency Service has started formal criminal and civil investigations into P&O Ferries to look into the company’s decision to fire hundreds of workers without notice last month, business minister Kwasi Kwarteng said on Friday. The probe comes after P&O...
Evergreen Declares General Average On Stricken Ever Forward

Evergreen Declares General Average On Stricken Ever Forward

Following the failure to refloat the 12,000 teu Ever Forward this week, Evergreen announced, today that, with the increasing costs of the salvage operation, it had declared General Average. The carrier said: “Evergreen Line has been making every effort to...
Maersk to explore large-scale green fuel production in Egypt

Maersk to explore large-scale green fuel production in Egypt

A.P. Moller-Maersk will partner with authorities in Egypt to explore the large-scale production of green fuel for ships in the country. Maersk announced a Memorandum of Understanding (MoU) on Monday in a joint bid to further accelerate the supply of...

Cruise Ships and Ferries Offer Housing for Displaced Ukrainians

With the number of Ukrainians having fled their homeland surpassing nearly four million people and expected to continue to grow, relief organizations and countries across Europe are struggling to provide services and housing for those that have no place...
Ukraine Could Lose $6 Billion in Grain Exports with Ports Blocked

Ukraine Could Lose $6 Billion in Grain Exports with Ports Blocked

Ukraine faces a possible grain revenue loss of $6 billion as the blockade of its ports by Russian forces prevents it from selling millions of tonnes of wheat and corn that had been earmarked for export by June, a...
P&O Ferries Draws More Fire for Mass Layoffs in UK

P&O Ferries Draws More Fire for Mass Layoffs in UK

Last week, ro/ro ferry operator P&O Ferries dismissed 800 British seafarers and replaced them with contract workers from overseas, and it is receiving strong union pushback for the decision. In the UK, P&O Ferries' decision to conduct a no-notice layoff...

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Gulder Ultimate Search 12: Meet The 18 Warriors Who Will Fight...

The 18 contestants will compete for the over ₦50 million prize, the secret to the craftsman’s special brew and the glory of being the...

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