An analyst predicts the Japanese auto industry could consolidate down to three major players by 2020. Companies may need to unite to overcome the obstacle of higher research and development costs.
Dutch salvage teams successfully wrapped up a tricky, months-long salvage operation off in the North Sea earlier this year. In early December 2012, in snowy, storm-wracked seas roughly 30 miles off the Dutch coast, the massive car carrying ship MV Baltic Ace collided with the container ship Corvus J. Baltic Ace. The Baltic Ace immediately began taking on water, capsized, and sank in 115 feet of water. The entire ordeal took 15 minutes. When she went to the bottom, Baltic Ace took 11 of her 24 ma