Freight giant JB Hunt saw its stock tank 13% on Wednesday after badly missing profit and sales estimates for Q1.
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Military & Defense
2024-04-16T17:29:00Z
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Yemen's Houthi militia is attacking commercial ships in the Red Sea, and a US-led task force is fighting back. These are their weapons and tactics.
Rafaela Aponte-Diamant cofounded MSC, one of the world's largest shipping companies. Forbes estimates she's worth $33 billion, and so is her husband.
The companies want to cap their liability at $43.7 million by invoking a 19th-century maritime law previously used by the Titanic's owner.
A former ship captain steering large vessels describes the complicated process of port entry and exit and what happens in an emergency.
The Dali, a cargo ship, collided with the Francis Scott Key Bridge in Baltimore on Tuesday, shutting down trade at the Port of Baltimore.
Experts say protective structures may have saved the Baltimore bridge from collapse, but they could also have completely shut down the waterway.
The world's largest shipping vessels more than doubled in size between 2006 and 2020. Experts say the Baltimore bridge couldn't withstand such force.
Jen Woof said her son crossed the Francis Scott Key Bridge for the last time three minutes before its collapse after arguing with his girlfriend.
An insurance industry executive compared the disaster to a 2012 cruise ship capsize, which led to the industry's highest recent payout.
Cargo shipping has been getting safer, but ships are getting so big that any mishap could be catastrophic.
Authorities say the Dali crashed into the bridge as it lost propulsion, but it's unclear if this was related to the incident flagged in June.
The bridge collapse has blocked shipments in and out of the Port of Baltimore, which handles a high volume of car imports and coal exports.
Container ships have "grown up in size by as much as 1,500% in the last couple years," posing more risks, a marine risk expert said.
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Transportation
2024-03-26T20:37:04Z
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A large container ship crashed into a Maryland bridge near one of the largest ports on the US East Coast.
Much remains unknown about why the Dali collided with the Francis Scott Key Bridge. Experts say the bridge was never designed for such an impact.
Maersk warned that cargo bound for Baltimore may face delays because it will have to be moved through alternate ports.
Maersk, who was chartering the ship that ran into the Francis Scott Key Bridge, saw its stock fall as much as 8% after the collapse.
The Singapore-flagged Dali, which is about 984 feet long, crashed into the Francis Scott Key Bridge on Tuesday, causing it to completely collapse.
Elon Musk said production design is complete and will be unveiled "end of year," with shipping expected in 2025, but several deadlines have been missed.