Latest Marine transportation industry News
Key inflation gauge tracked by the Fed remains a high 6.3%
WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday's report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring...
US economy slipped 1.6% to start year; return to growth eyed
WASHINGTON (AP) — The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter. It was the first drop in gross domestic product — the broadest...
Higher fuel prices spark social unrest in South America
BUENOS AIRES, Argentina (AP) — Police in Argentina blocked a major entry point to the capital’s center on Tuesday to keep a group of truckers from joining a downtown protest, adding traffic snarls in Buenos Aires to a series of disruptions caused by anger over rising prices and shortages of...
Trains canceled in UK as unions stage 2nd 24-hour walkout
LONDON (AP) — Millions of people in Britain faced disruption Thursday as railway staff staged their second national walkout this week, and workers at Britain’s busiest airport announced plans to walk out, adding to summertime travel misery. The 24-hour strike by 40,000 cleaners,...
Big wildfire forces evacuations near Turkish Marmaris resort
ANKARA, Turkey (AP) — More than a thousand firefighters, aided by water-dropping planes and helicopters, on Wednesday battled a wildfire that erupted overnight near a popular resort in southwestern Turkey forcing dozens of home evacuations. An official voiced hope that the blaze...
Ship owners sought CO2 exemption when the sea gets too wavy
The world's ocean freight shipping companies recently called on international maritime authorities to exclude pollution that their vessels spew in bad weather from new regulations, a condition that would apply almost a third of the time in the Atlantic. But the effort failed Friday. ...
Replacing benefits of Snake River dams would cost billions
SPOKANE, Wash. (AP) — The benefits provided by four giant hydroelectric dams on the lower Snake River in Washington state can be replaced if the dams are breached to save endangered salmon runs, according to a new report released Thursday. But it would be expensive. ...
OECD slashes global economic outlook on Russia-Ukraine war
LONDON (AP) — Russia's war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year, the Organization for Economic Cooperation and Development said Wednesday. China's “zero-COVID" policies, which have...
Alaska ferry 'Malaspina' sold in bid to give ship a new life
KETCHIKAN, Alaska (AP) — The state of Alaska has sold the ferry named Malaspina to a business group in a deal aimed at giving the ship a new life and preventing it from being scrapped. The Malaspina, built in 1963, was one of the original ferries in the state's ferry fleet. It was...
Robotic buoys developed to keep Atlantic right whales safe
A Cape Cod science center and one of the world’s largest shipping businesses are collaborating on a project to use robotic buoys to protect a vanishing whale from lethal collisions with ships. A lab at Woods Hole Oceanographic Institution developed the technology, which uses buoys...
