The Mission to Seafarers raised $506,000 during its inaugural Maritime Mountain Race on June 27, 2026. With 32 teams participating in the Swiss Alps, funds will support vital welfare programs for seafarers. The event showcased remarkable teamwork and spirit, culminating in a barbecue and awards ceremony, celebrating the participants’ achievements.
Seventy projects across Europe will receive over €600 million in EU grants to electrify and decarbonize transport sectors, including road, maritime, and air travel. This initiative will enhance infrastructure with electric charging and hydrogen refueling stations, supporting the transition to zero-emission mobility and improving sustainability across the continent.
The Guernsey community has united to support Michael, the owner of the fishing boat ‘Wild Wave,’ which sank off Sark. Within hours, locals raised over £12,500 through a JustGiving campaign, reflecting their solidarity. Rescued by the Paloma crew, Michael now faces a long recovery, highlighting the personal stakes involved.
The Life Insurance Corporation of India (LIC) has fully subscribed to a ₹5,000 crore non-convertible debenture for Adani Ports, marking a significant domestic debt raise. With a 7.75% annual coupon, this 15-year bond reflects APSEZ’s commitment to optimizing its capital structure, enhancing financial resilience for future growth and acquisitions.
Gurugram-based logistics-tech startup Shiplog has raised ₹6.5 crore in a seed round led by the Deepak Bhagnani Family Office. This marks its first funding since launching in 2022. The capital will enhance its tech infrastructure and expand its team, focusing on AI-driven inventory management for optimized last-mile delivery solutions.
A legal battle between celebrity US lawyer Tony Buzbee and music mogul Jay-Z has intensified over compensation claims by two injured seafarers. Buzbee’s firm is accused of diverting money meant for basic living expenses into high-interest loans, leaving the seafarers with only a fraction of their settlements. Jay-Z has taken legal action against Buzbee.
