Fifth Victim Recovered from Key Bridge Collapse Site
The Unified Command recovered the body of another missing victim at the Key Bridge incident site on May 1, 2024.The victim is identified as Miguel Angel Luna Gonzalez, 49, of Glen Burnie, Maryland.Unified Command salvage teams located one of…

Coastal Virginia Offshore Wind Project Has Not Been Delayed
Dominion Energy has announced that any reports that the Coastal Virginia Offshore Wind (CVOW) project has been delayed are false and grossly misrepresent the facts.“On April 29, anti-wind groups filed a petition in the United States District…

Crowley Reaches Labor Deal for Isla Grande Terminal in Puerto Rico
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers…

Hearing Scheduled to Examine US Coast Guard Shipbuilding Delays
The U.S. House Homeland Security Subcommittee on Transportation and Maritime Security will hold a hearing to discuss delays in the U.S. Coast Guard’s (USCG) shipbuilding and acquisitions programs.The hearing, announced by the subcommittee's chairman, Rep.

Norwegian's Q1 Revenue Miss Overshadows Raised Outlook
Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator's downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wednesday.Expectations for cruise operators have generally become high after strong…

Cruise Operator Viking Makes Strong NYSE Debut
Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market list

US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions…

Improved Rates for Larger Vessels Lifts Baltic Dry Index
The Baltic Exchange's dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, ticked up to 1,683.The capesize index gained 16 points, or 0.8% to 2,116.

Shaping a Safer and Sustainable Future for Shipping
Sunil Krishnakumar, Senior Technical Manager at the International Chamber of Shipping, provides his key insights on the newly released Engine Room Procedures Guide, Second Edition, by ICS.The shipping industry has embarked on a transformative journey…

Scandlines Announces Executive Management Changes
Ferry operator Scandlines announced changes to its executive management team, hiring Eric Gregoire and Mikael Koch Jensen to join the company as CEO and CFO respectively.Gregoire will start in July 2024 and comes from a position as CEO of Goodpack Pte Ltd. in Singapore.