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The Dali was less than 30 minutes into its planned 27-day journey when the ship ran into the Francis Scott Key Bridge on Tuesday. The Dali, which is nearly 1,000 feet long, left the Baltimore port around 1 a.m. Eastern on Tuesday. The ship had two pilots onboard, according to a statement by its owners, Grace Ocean Investment. Before heading off on its voyage, the Dali had returned to the United States from Panama on March 19, harboring in New York. The Dali sustained damage at the time, but no one was injured.
Persons: Dali, Francis Scott Key Organizations: Grace Ocean Investment, South, Hyundai Heavy Industries Locations: Sri Lanka, Baltimore, United States, Panama, New York, South Korea, Antwerp
The ship that crashed into the Francis Scott Key Bridge on Tuesday was the Dali, a Singapore-flagged vessel. The container ship is about 984 feet long and up to 157 feet wide, while the bridge is part of I-695. AdvertisementA container ship crashed into a key bridge in Baltimore on Tuesday morning, causing part of the structure to collapse into the Patapsco River. A livestream showed vehicles traveling on the Francis Scott Key Bridge just moments before the impact at around 1:28 a.m., indicating that the collapse caught at least several people. According to ship tracking data, the vessel is a Singapore-flagged container ship called the Dali.
Persons: Francis Scott Key, Dali, , It's, Matthew West, Grace Ocean Organizations: Service, Associated Press, Coast Guard, New York Times, Synergy, Maersk, Dali, Staff, Grace, Business Insider, BI, Hyundai Heavy Industries Locations: Singapore, Baltimore, Patapsco, Danish, South Korea, Colombo, Sri Lanka, Antwerp
Read previewA container ship crashed into a major bridge in Baltimore early Tuesday, causing its collapse into the Patapsco River. Baltimore first responders called the situation a "developing mass casualty event" and a "dire emergency," per The Associated Press. pic.twitter.com/ipoTR2HljY — Harford Co., MD Fire & EMS (@HarforCoFireEMS) March 26, 2024The vessel is the Dali, a Singapore-flagged container ship about 984 feet long, and 157 feet wide, per a listing on VesselFinder. The Dali's owner is listed as Grace Ocean, a Singapore-based firm, and its manager is listed as Synergy Marine, which is also headquartered in Singapore. AdvertisementStaff for Grace Ocean declined to comment on the crash when contacted by Business Insider.
Persons: , Francis Scott Key, James Wallace, Wallace, Richard Worley, Wes Moore, Pete Buttigieg, Moore, Baltimore Francis Scott Key, ipoTR2HljY —, Dali, Grace Ocean, Barbara Rossi, Claudia Norrgren, it'll Organizations: Service, Baltimore, Associated Press, Business, Sonar, Biden Administration, Volunteer Firefighters, Volunteer Swift Water Team, Team, Unified Command, ipoTR2HljY — Harford Co, Synergy, Shipping, Staff, Grace, Maersk, Dali, University of Oxford, Hyundai Heavy Industries, Port Locations: Baltimore, Patapsco, Maryland, @jmvfc8, Singapore, Danish, Colombo, Sri Lanka, Port, South Korea, Antwerp
The iShares U.S. Aerospace & Defense ETF (ITA), which tracks the performance of U.S.-listed aerospace and defense stocks, rose 8.8% in 2022 and is up more than 2% this year. He said defense stocks are "one way to protect the other parts of the portfolio that are under pressure." "I'm bullish on aerospace and defense stocks, and I think those are names that should be in a longer-term portfolio. The investment bank described Moog as a "transition story" that will benefit from an "extended defense spending lift." Other South Korean stocks with exposure to the defense sector include Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering.
Chinese shipyards this year won 45 LNG tanker orders worth an estimated $9.8 billion, about five times their 2021 order values, according to shipping data provider Clarksons Research. By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion. Still, Chinese yards received 19 foreign orders for LNG tankers this year and that number is likely to grow. "Chinese yards have become more attractive because of the South Korean backlog, as well as rising costs," said ICIS analyst Songer. Chinese yards' relationship with GTT also helps, he said.
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File PhotoSEOUL, Sept 21 (Reuters) - Palantir Technologies Inc (PLTR.N) announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group (267250.KS), one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy (329180.KS) will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, Palantir's Chief Operating Officer Shyam Sankar told Reuters. Palantir is also actively working to extend partnerships with South Korea's government as well as private sectors, and has formally opened an office in Seoul. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
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