The sinking of the Sewol ferry off South Korea raises new concerns about ship safety more than two years after the capsizing of the Costa Concordia ocean liner spurred a global campaign to improve passenger security.
Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping line by sales, has ordered a vessel fitted with an engine to cut nitrogen oxide emissions to meet stricter controls, said three people familiar with the situation.
Seventeen-year-old Aguna Xavier breaks down in tears when she talks about her dead older brother. He was shot in February after Italian marines protecting a commercial tanker allegedly mistook him for a pirate off the coast of India, where he fished to earn a living.
Liquefied natural gas will become the dominant fuel source for all merchant ships within 40 years as environmental pressures force owners to use cleaner burning fuel, the world’s fourth-largest vessel classifier said.
Amiad Water Systems Ltd., an Israel-based water-treatment company, said revenue fell almost 7 percent to $61.7 million in the first half due to European and U.S. municipal and industrial market conditions.