Costly
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Maritime News
Babcock Runs Into Costly Rework Issues in Type 31 Program
On Wednesday, British defense shipbuilder Babcock told its investors that it would be taking a steep charge due to rework…
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Marine World
US Navy Shipbuilding Called Too Slow and Costly as Trump Vows Change
The US Navy keeps falling short in shipbuilding, with costs too high and deliveries too slow, the service’s acting acquisition…
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Marine World
World’s Largest Ocean Carriers Face Costly U.S. Port Fees Under Proposed Rules
The U.S. Trade Representative (USTR) has proposed sweeping new restrictions targeting Chinese-built ships and operators, including substantial port fees that…
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Marine World
Germany’s Costly LNG Terminals Aren’t Paying Off as Imports Dip
Germany spent big on liquefied natural gas terminals to ensure energy security, but the high cost of using them means…
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Marine World
Costly ‘Spirit of Boston’ Fire Caused by Improperly Extinguished Chafing Fuel, NTSB Finds
An improperly extinguished chafing fuel canister sparked a costly fire aboard the passenger vessel Spirit of Boston while it was…
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Marine World
Trump Defends Costly Tariffs on Foreign Goods
By John Micklethwait and Nancy Cook (Bloomberg) — Former US President Donald Trump said his policies would inspire growth despite adding…
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Marine World
Fatigue at the Helm: NTSB Report Reveals Costly Towing Vessel Collision Due to Deckhand Falling Asleep
An investigation report released Tuesday by the National Transportation Safety Board (NTSB) reveals that a deckhand at the helm of…
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Maritime News
South Korea’s Container Squeeze Throws Exporters into Costly Gridlock
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in…
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Marine World
Costly Navy Frigate Cited by Lawmakers for ‘Significant’ Risks
By Tony Capaccio (Bloomberg) — House and Senate defense lawmakers say the Navy’s new frigate program faces “significant risks” amid a…
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Maritime News
Stolt-Nielsen CEO: Costly ship rerouting due to overdue crew changes impacting scheduling
Pricey rerouting of ships needed to carry out overdue crew changes, significantly hampered by the ongoing COVID-19 pandemic, continues to…
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