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General Average
The law of general average is a principle of maritime law whereby all stakeholders in a sea venture proportionately share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. For instance, should the crew jettison some cargo overboard to lighten the ship in a storm, the loss would be shared ''pro rata'' by both the carrier and the cargo-owners. In the exigencies of hazards faced at sea, crew members may have little time in which to determine precisely whose cargo they are jettisoning. Thus, to avoid quarreling that could waste valuable time, there arose the equitable practice whereby all the merchants whose cargo landed safely would be called on to contribute a portion, based upon a share or percentage, to the merchant or merchants whose goods had been tossed overboard to avert imminent peril. General average traces its origins in ancient maritime law, and the principle remains within the admiralty law of most countrie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanjin Osaka On Gatun Lake
The Hanjin Group () is a South Korean chaebol. The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and is one of the largest chaebols in Korea. The group includes Korean Air (KAL), which was acquired by the founder Cho Choong-hoon in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before its bankruptcy. In 2013, Hanjin Group officially switched from cross ownership to a holding company structure with the establishment of Hanjin KAL Corporation. The group is controlled by descendants of Cho Choong-hoon, and many construction chaebols are the major shareholders of Hanjin KAL. History Hanjin started at the end of World War II, in November 1945. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanseatic League
The Hanseatic League was a Middle Ages, medieval commercial and defensive network of merchant guilds and market towns in Central Europe, Central and Northern Europe, Northern Europe. Growing from a few Northern Germany, North German towns in the late 12th century, the League expanded between the 13th and 15th centuries and ultimately encompassed nearly 200 settlements across eight modern-day countries, ranging from Tallinn in Estonia in the east, Bergen (Bjørgvin) in Norway to the North to the Netherlands in the west, and extended inland as far as Cologne, Prussia (region), the Prussian regions and Kraków, Poland. The League began as a collection of loosely associated groups of German traders and towns aiming to expand their commercial interests, including protection against robbery. Over time, these arrangements evolved into the League, offering traders toll privileges and protection on affiliated territory and trade routes. Economic interdependence and familial connections am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Protection And Indemnity Insurance
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure. Typical P&I cover includes: a carrier's third-party risks for damage caused to cargo during carriage; war risks; and risks of environmental damage such as oil spills and pollution. In the UK, both traditional underwriters and P&I clubs are subject to the Marine Insurance Act 1906. A P&I club is a mutual insurance association that provides risk pooling, information and representation for its members. Unlike a marine insurance company, which reports to its shareholders, a P&I club reports only to its members. Originally, P&I club members were typically shipowners, ship operators or demise charterers, but more recently freight for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baltimore
Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-largest metropolitan area in the country at 2.84 million residents. The city is also part of the Washington–Baltimore combined statistical area, which had a population of 9.97 million in 2020. Baltimore was designated as an independent city by the Constitution of Maryland in 1851. Though not located under the jurisdiction of any county in the state, it forms part of the central Maryland region together with the surrounding county that shares its name. The land that is present-day Baltimore was used as hunting ground by Paleo-Indians. In the early 1600s, the Susquehannock began to hunt there. People from the Province of Maryland established the Port of Baltimore in 1706 to support the tobacco trade with Europe and established the Town ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Scott Key Bridge (Baltimore)
The Francis Scott Key Bridge (informally, Key Bridge or Beltway Bridge) was a steel arch continuous through truss bridge that spanned the lower Patapsco River and outer Baltimore Harbor/Port. Opened on March 23, 1977, it carried the Baltimore Beltway ( Interstate 695 or I-695) between Dundalk and Hawkins Point. It collapsed on March 26, 2024, after a container ship struck one of its piers. Officials have announced plans to replace the bridge by fall 2028. Initially named the Outer Harbor Crossing, the bridge was renamed in 1976 for poet Francis Scott Key, who wrote the lyrics to "The Star-Spangled Banner", the U.S. national anthem. At , it was the second-longest bridge in the Baltimore metropolitan area, after the Chesapeake Bay Bridge. Its main span of was the third-longest of any continuous truss in the world.Durkee, JacksonWorld's Longest Bridge Spans, National Steel Bridge Alliance, May 24, 1999. Operated by the Maryland Transportation Authority (MDTA), the bridg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Scott Key Bridge Collapse
On March 26, 2024, at 1:28a.m. Eastern Time Zone, EDT (05:28 UTC), the main Span (engineering), spans and the three nearest northeast approach spans of the Francis Scott Key Bridge (Baltimore), Francis Scott Key Bridge across the Patapsco River in the Baltimore metropolitan area of Maryland, United States, collapsed after the container ship ''MV Dali, Dali'' struck one of its Pier (architecture), piers. Six members of a maintenance crew working on the roadway were killed, while two more were rescued from the river. The collapse blocked most shipping to and from the Port of Baltimore for 11 weeks. Maryland Governor Wes Moore called the event a "global crisis" that had affected more than 8,000 jobs. The economic impact of the closure of the waterway has been estimated at $15 million per day. Maryland officials have said they plan to Francis Scott Key Bridge replacement, replace the bridge by fall 2028 at an estimated cost of $1.7 billion to $1.9 billion. Background The Fran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MV Dali
MV ''Dali'' is a Neopanamax container ship built by Hyundai Heavy Industries. On 26 March 2024, she caused the collapse of the Francis Scott Key Bridge in Baltimore after losing power and colliding with one of its supports. Contracted in 2013, her hull was laid down in October 2014, launched in December, and she was named after Spanish painter Salvador Dalí in January 2015. In March, she was delivered to Stellar Marine, a subsidiary of the Greek shipowner Oceanbulk Maritime. She has been owned by Grace Ocean Ltd., a Singaporean company, since 2016, and she is flagged in Singapore. In July 2016, she collided with the berth at the container terminal of the Port of Antwerp, causing significant damage to the ship and the berth. ''Dali'' was sold from Stellar Marine to Grace Ocean, a Singaporean company, in October 2016; she was placed under the management of Synergy Marine and reflagged as Singaporean. A faulty fuel pressure gauge was detected at the port of San Antonio, Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021 Suez Canal Obstruction
The Suez Canal was blocked for six days from 23 to 29 March 2021 by the , a container ship that had run aground in the canal. The , 224,000-ton, vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck on opposite canal banks, blocking all traffic until it could be freed. Egyptian authorities said that "technical or human errors" may have also been involved. The obstruction occurred south of the two-channel section of the canal, so other ships could not pass. The Suez Canal Authority (SCA) hired Boskalis through its subsidiary Smit International to manage marine salvage operations. The blockage of one of the world's busiest trade routes slowed trade between Europe, Asia, and the Middle East, tying up goods worth an estimated US$9.6 billion per day. By 28 March, at least 369 ships were queuing to pass through the canal. On 29 March, ''Ever Given'' was partially re-floated and moved by about 80 percen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ever Given
''Ever Given'' () is one of the List of largest container ships, largest container ships in the world. The ship is owned by Shoei Kisen Kaisha (a ship-owning and leasing subsidiary of the large Japanese shipbuilding company Imabari Shipbuilding), and is chartering (shipping)#Charter types, time chartered and operated by container transportation and shipping company Evergreen Marine, headquartered in Luzhu District, Taoyuan, Luzhu, Taoyuan City, Taiwan, Taoyuan, Taiwan. ''Ever Given'' is Ship registration, registered in Panama and her technical management is the responsibility of the German ship management company Bernhard Schulte Shipmanagement. On 23 March 2021, while traveling from Port of Tanjung Pelepas, Tanjung Pelepas in Malaysia to Port of Rotterdam, Rotterdam in the Netherlands, the ship 2021 Suez Canal obstruction, ran aground in the Suez Canal, blocking the channel. She remained in place for six days before Marine salvage, salvage crews freed her on 29 March 2021. The v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shoei Kisen
is a Japanese company specializing in motorsport helmets. History Shoei is a Japanese company producing motorcycle helmets since 1958. Its roots go back to 1954 with the founding of Kamata Polyester Co., which mainly produced safety helmets for use in the construction industry. Shoei's founder, Eitaro Kamata(鎌田栄太郎), was born to a Tokyo family that operated a traditional Japanese restaurant, Edogin, and an inn, 'Kamata Ryokan', near Shimbashi Station. Honda Motor Co. was located in Hamamatsu, and its founder, Soichiro Honda, and test rider :ja:河島喜好, Kiyoshi Kawashima were inn regulars as they often had business to attend to in the capital. Thus, Eitaro got acquainted with Mr. Kawashima, who often arrived at the inn on a motorcycle, and admired Mr. Kawashima's style with a painted helmet. Eitaro left the family business and started up a helmet factory; in 1960, Shoei's Tokyo factory to produce the first motorcycle helmets to meet the Japanese Industrial Stand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maersk Honam
''Maersk Honam'' was a container ship operated by Maersk Line. The vessel caught fire on 6 March 2018 while sailing in the Arabian Sea. Five members of the crew of 27 were killed, including one rescued crew member who died later from injuries. Description ''Maersk Honam'' is a fully cellular container ship with a capacity of . Her general configuration follows that of similarly sized container ships with deckhouse about two thirds forwards to improve visibility over container stacks, engine room aft, and container stowage in nine cargo holds as well as on deck. She is long overall, has a moulded beam of , and fully laden draws of water. Her gross tonnage is 153,153; net tonnage 70,694; and deadweight tonnage 162,051 tonnes. ''Maersk Honam'' is powered by a single license-built 8-cylinder MAN B&W 8G95ME-C9.5 low-speed crosshead diesel engine producing at 80 rpm and driving a single fixed pitch bronze propeller. History ''Maersk Honam'' was built by Hyundai Heavy Indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maersk
(), usually known simply as Maersk ( ), is a Danish Freight transport, shipping and logistics company founded in 1904 by Arnold Peter Møller and his father Peter Mærsk Møller. Maersk's business activities include Port operator, port operation, supply chain management, Distribution center, warehousing and Air cargo, air freight. The company is based in Copenhagen, Denmark, with subsidiaries and offices across 130 countries and over 100,000 employees worldwide in 2024. It is a publicly traded family business, as the company is controlled by the namesake Møller family through Holding company, holding companies. The company's 2024 annual revenue was US$55.5 billion. Maersk has faced several challenges, including the 2022 stock market decline, global economic downturn, a Petya and NotPetya, malware attack, and the Red Sea crisis. History was founded in Svendborg in April 1904 by captain Peter Mærsk Møller (1836–1927) and his son Arnold Peter Møller, Arnold Peter (A. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
