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Ship carrying thousands of luxury cars to be towed after catching fire at sea near Azores – CBC News

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A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday.

Lithium-ion batteries in the electric cars on board the vehicle carrier Felicity Ace have caught fire and the blaze requires specialist equipment to extinguish, Capt. Joao Mendes Cabecas of the port of Hortas said.

It was not clear whether the batteries first sparked the fire.

“The ship is burning from one end to the other … everything is on fire about five meters above the water line,” Cabecas said.

Pictures provided by the Portuguese maritime authority showed severe burns on the bow and along the 200-metre-long side of the ship, which according to Refinitiv data was built in 2005 and can carry 17,738 tonnes of weight.

Towing boats en route

Towing boats were en route from Gibraltar and the Netherlands, with three due to arrive by Wednesday, Cabecas said. He added the vessel could not be towed to the Azores because it was so big it would block trade at the port.

A 16-person salvage team from Smit Salvage, owned by Dutch marine engineer Boskalis, was sent to the ship to help control the flames, Boskalis said.

The Panama-flagged ship, owned by Snowscape Car Carriers SA and managed by Mitsui O.S.K. Lines Ltd, was traveling from Emden, Germany — where Volkswagen has a factory — to Davisville in the United States, based on the Maritime Traffic website.

Mitsui O.S.K. Lines Ltd and Smit did not immediately respond to a request for comment.

The 22 crew members on board were evacuated on Wednesday, when the fire broke out, with no one hurt, Portugal’s navy said in a statement.

Porsches, Bentleys on board

Around 1,100 Porsches and 189 Bentleys were on board, spokespeople for the car brands owned by Volkswagen said. Audi, another Volkswagen brand, confirmed some of its vehicles were also on the ship but did not state how many.

An image captured Wednesday provides an aerial view of the Felicity Ace, after the fire broke out. (Portuguese Air Force/Reuters)

Volkswagen did not confirm the total number of cars on board and said it was awaiting further information.

YouTuber Matt Farah, whose automotive review channel “The Smoking Tire” has more than 1 million followers, said on Twitter he was contacted by a car dealer who said the Porsche he ordered was aboard the ship.

“My car is now adrift, possibly on fire, in the middle of the ocean,” Farah tweeted.

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Federal $500M bailout for Muskrat Falls power delays to keep N.S. rate hikes in check

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HALIFAX – Ottawa is negotiating a $500-million bailout for Nova Scotia’s privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates.

Federal Natural Resources Minister Jonathan Wilkinson made the announcement today in Halifax, saying Nova Scotia Power Inc. needs the money to cover higher costs resulting from the delayed delivery of electricity from the Muskrat Falls hydroelectric plant in Labrador.

Wilkinson says that without the money, the subsidiary of Emera Inc. would have had to increase rates by 19 per cent over “the short term.”

Nova Scotia Power CEO Peter Gregg says the deal, once approved by the province’s energy regulator, will keep rate increases limited “to be around the rate of inflation,” as costs are spread over a number of years.

The utility helped pay for construction of an underwater transmission link between Newfoundland and Nova Scotia, but the Muskrat Falls project has not been consistent in delivering electricity over the past five years.

Those delays forced Nova Scotia Power to spend more on generating its own electricity.

This report by The Canadian Press was first published Sept. 16, 2024.

The Canadian Press. All rights reserved.

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Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop

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TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.

The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.

“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.

The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.

But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.

Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.

“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.

“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”

Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.

The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.

In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.

Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.

The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.

The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.

Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.

Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.

It will also re-evaluate its design ranks.

Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.

Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:ROOT)

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Talks on today over HandyDART strike affecting vulnerable people in Metro Vancouver

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VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, are set to resume today as a strike that has stopped most services drags into a second week.

No timeline has been set for the length of the negotiations, but Joe McCann, president of the Amalgamated Transit Union Local 1724, says they are willing to stay there as long as it takes, even if talks drag on all night.

About 600 employees of the door-to-door transit service for people unable to navigate the conventional transit system have been on strike since last Tuesday, pausing service for all but essential medical trips.

Hundreds of drivers rallied outside TransLink’s head office earlier this week, calling for the transportation provider to intervene in the dispute with Transdev, which was contracted to oversee HandyDART service.

Transdev said earlier this week that it will provide a reply to the union’s latest proposal on Thursday.

A statement from the company said it “strongly believes” that their employees deserve fair wages, and that a fair contract “must balance the needs of their employees, clients and taxpayers.”

This report by The Canadian Press was first published Sept. 12, 2024.

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