Shock Mitigation: Size Matters
When it comes to shock-mitigation, bigger is truly better.Let’s consider a thought experiment: You must take the wheel of one of two cars speeding along straight tracks with no exits. Both cars are traveling at 100 km/hour, but the first is 100 meters from a brick wall while the second is only 10 meters from an identical wall. There is nothing to do but decelerate before the crash, and assuming your decision is guided by self-preservation the choice is obvious. Why?
Bourbon Receives Takeover Offer
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was impacted by volatile energy markets, said it had received a takeover offer for its assets."As part of the reorganization proceedings opened since August 7, 2019 by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer," Bourbon said in a statement on Wednesday."This offer -
COSCO Tankers Disable AIS as Sanctions Bite
About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.From Sept. 30 to Oct. 7, a total of 14 COSCO Dalian ships, six of which carry some oil, stopped sending location data from their automatic identification system (AIS), ship tracking data on Refinitiv Eikon showed. The U.S. imposed the sanctions on Sept.
U.S. Calls on EU to Condemn Iran over Tanker
U.S. Secretary of State Mike Pompeo on Wednesday called on the European Union to condemn Iran and hold Tehran accountable after he said oil from Iranian tanker Adrian…
Austal, Cerberus Mull JV on Hanjin's Philippine Yard
Australian shipbuilder Austal Ltd and U.S. private equity firm are considering a joint bid for a strategically located but debt-laden Philippine shipyard, the facility's trustee said on Wednesday.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in January defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Austal and Cerberus are interested in the distressed shipyard…
UK-bound Trucks at Risk after Brexit - DTA
Almost a third of companies who ship goods to Britain through the Netherlands have failed to complete the necessary paperwork for their trucks to embark on ferries after Brexit, the Dutch transport association TLN said on Wednesday."The registration is absolutely necessary, without it trucks will be sent away at terminals after Brexit," TLN spokesman Elmer de Bruin said.The Netherlands is home to Europe's largest seaport in Rotterdam…
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