S&P 500   4,397.94 (-1.89%)
DOW   34,265.37 (-1.30%)
QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
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AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
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AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)
S&P 500   4,397.94 (-1.89%)
DOW   34,265.37 (-1.30%)
QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
GOOGL   2,607.03 (-2.22%)
AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
NVDA   233.74 (-3.21%)
BABA   123.23 (-5.95%)
NIO   27.35 (-6.11%)
AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)
S&P 500   4,397.94 (-1.89%)
DOW   34,265.37 (-1.30%)
QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
GOOGL   2,607.03 (-2.22%)
AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
NVDA   233.74 (-3.21%)
BABA   123.23 (-5.95%)
NIO   27.35 (-6.11%)
AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)
S&P 500   4,397.94 (-1.89%)
DOW   34,265.37 (-1.30%)
QQQ   351.69 (-2.77%)
AAPL   162.41 (-1.28%)
MSFT   296.03 (-1.85%)
FB   303.17 (-4.23%)
GOOGL   2,607.03 (-2.22%)
AMZN   2,852.86 (-5.95%)
TSLA   943.90 (-5.26%)
NVDA   233.74 (-3.21%)
BABA   123.23 (-5.95%)
NIO   27.35 (-6.11%)
AMD   118.81 (-2.53%)
CGC   7.29 (-3.57%)
MU   81.93 (-3.69%)
GE   96.30 (-1.98%)
T   26.61 (-1.52%)
F   20.65 (-4.62%)
DIS   137.38 (-6.94%)
AMC   17.97 (-0.55%)
PFE   52.79 (-2.33%)
ACB   4.46 (-6.11%)
BA   205.44 (-4.09%)

Ship's master said he spent 50 hours sleepless before crash

Saturday, November 27, 2021 | Janet Mcconnaughey, Associated Press

NEW ORLEANS (AP) — An oil tanker hit an offshore oil platform at night off Louisiana because its Turkish operating company didn’t give the ship’s master time to recover from days of sleepless travel, federal investigators have found.

The master, or person in charge of sailing the Atina, had traveled from Istanbul and told investigators “he was tired from having no sleep for over 50 hours,” according to a National Transportation Safety Board report made public Tuesday.

The crash early Oct. 17, 2020, did an estimated $72.9 million in damage — $72.3 million to the platform SP-57B and the rest to the tanker Atina, the board said.

However, nobody was hurt when the empty 898-foot-long (274-meter) ship ran into the platform at 4:46 a.m., and there wasn’t any pollution, the board said.

The “accident master” took over immediately from the departing master even though the operating company's own safety manual calls for a 24-hour overlap, the report said. Such an overlap would have let him rest, it said.

The report described the accident's probable cause as the “operating company not ensuring sufficient time for the master’s turnover, which resulted in the master’s acute fatigue and poor situation awareness during an attempted nighttime anchoring evolution.”

The man had been told in Istanbul that he had to take over as soon as possible. The reason, according to the report, was that the master on board planned to leave after having “issues” with an inspector for the ship's owners and operators. The ship finished discharging its cargo of crude oil at the NuStar Terminal in St. James and then left for its planned anchorage off Southwest Pass, the report said.

The new master arrived on board and — instead of anchoring where the previous master had planned — he chose a closer spot. He told investigators that he “didn’t want to spend a lot of time finding a place to anchor in the middle of the night on a vessel he wasn’t familiar with” and he was exhausted. That spot was about 0.7 mile (1.1 kilometer) from the platform, the report said.

The NTSB identified the Atina's owner as Hanzhou 1 Ltd and its operator as Besiktas Likid Tasimacilik Denizcilik Ticaret Anonim Sirketi.

Besiktas did not respond to an email sent Wednesday. An attorney representing both companies in a lawsuit filed by the platform's owners, Cox Operating LLC of Houston, did not immediately respond to an email sent Friday.

Cox filed that suit the day after the crash, in federal court in New Orleans. It estimated damages to its platform at $225 million, including economic losses during repairs.

The NTSB does not assign fault or blame, and U.S. law forbids using NTSB reports as evidence in civil lawsuits.


7 Trucking Stocks That Are About to Go On a Roll

Americans are facing a historic supply chain crisis. The solutions are simple on the one hand and maddeningly complex on the other. And no industry embodies that complexity more than the trucking industry. Just getting the barges unloaded will not be enough. Those goods have to be transported to a final destination.

For that, we’re going to need trucks. And those trucks will need drivers. According to the American Trucking Association (ATA), approximately 70% of consumer goods in the United States are transported by trucks. However, for a variety of reasons, the industry faces a shortage of qualified drivers.

How extreme is that shortage? The ATA estimates that the shortage of qualified truck drivers sits at over 50,000 and continues to grow. In fact, it suggests that over 900,000 drivers are needed and there simply are not enough qualified drivers to meet that demand.

We’re not going to see one million new drivers on the road by the end of the year. And even if we did, trucking companies will be a beneficiary as the industry rises to meet this moment. This also means that investors should be eyeing trucking stocks. And that’s why we’ve prepared this special presentation which identifies seven trucking stocks that are excellent opportunities at this time.

View the "7 Trucking Stocks That Are About to Go On a Roll".


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