A routine practice dating back centuries, the general average declaration marks the ship owner’s latest effort to minimize its financial responsibility.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Boeing has ‘long way to go’ to fix safety culture after accident
Since a Boeing 737 Max 9 aircraft suffered the loss of the fuselage section, the FAA has tightened oversight of Boeing, forcing the company to slow down production and sending staff into their factories to review processes.
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Posted inBusiness, Nation & World, News
Congressional leaders discussing Iran oil sanctions
That legislation could increase crude prices by as much as $8.40 a barrel, which would add 20 cents per gallon for gasoline if the sanctions were passed into law and enforced.
Posted inBusiness, Maine, News
Belfast decision puts future of controversial salmon farm in jeopardy
Nordic Aquafarms has tried for years to build a $500 million fish farm it says would add jobs and economically benefit the city. But without a guarantee to a parcel of land, it’s unclear whether the company can move on the project.
Posted inBusiness, Maine, Politics
Maine now has greater oversight of freight railroads, but public access to data is limited
A law signed by Gov. Janet Mills allows the public to access records about hazardous materials moving along Maine tracks, but only after a derailment or spill.
Posted inBusiness, Maine, News, Politics
Maine House backs data privacy bill
The legislation aims to regulate the collection, use, processing, transfer, sale and deletion of non-publicly available personal data. Business groups say the bill would detach Maine’s businesses from the global online marketplace.
Posted inArts & Entertainment, Business, New England
Broadway legend Stephen Sondheim’s Connecticut home sold for $3.25 million
Sondheim died at his Roxbury estate in 2021 at age 91.
Posted inBusiness, Maine, Politics
Rep. Golden introduces legislation to halt Postal Service consolidation
Maine’s 2nd District congressman says the USPS’ plan, which includes shifting some mail processing operations from Hampden to Scarborough, would be detrimental to reliable mail delivery.
Posted inBusiness, Sports
Some central Maine golf courses struggling to open after spring storm damage
Some courses opened in March, but others like the Augusta Country Club are still waiting for opening day.
Posted inBusiness, Nation & World, News
Maine is among 15 states recruited to help enforce airline consumer laws
Under an agreement, attorney general offices in Maine and 14 other states will be able to investigate complaints about airline service, and could then refer cases to the U.S. Transportation Department for enforcement.