A bulk carrier vessel owned and operated by Greece-based Trojan Maritime has been banned from Australian ports for six months after the ship repeatedly failed to pay outstanding wages and maintain a safe workplace for its crew, according to the Australian Maritime Safety Authority (AMSA). Bahamas-flagged bulk carrier MV…
Three people are missing after the Marine Corps aircraft they were aboard Saturday went down off the east coast of Australia.The MV-22 Osprey was conducting operations from an amphibious assault ship a large aircraft carrier-type vessel designed for launching helicopters when the Osprey went into the water, the Marine Corps said in a statement.
JPMorgan Chase & Co. decreased its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 68.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,539 shares of the shipping company’s stock after selling 33,438 shares during the period. JPMorgan Chase & Co.’s holdings in Dorian LPG were worth $164…
The USS Nimitz officially joined the fight against the Islamic State Monday when it launched its first round of strikes against targets from the Arabian Gulf. The strikes were conducted by aircraft assigned to the strike groups Carrier Air Wing 11, a Navy statement said. An F/A-18E Super Hornet assigned to Strike Fighter Squadron 147…
CAI International (NYSE: CAI) and Navios Maritime Midstream Partners (NYSE:NAP) are both small-cap transportation companies, but which is the better investment? We will contrast the two companies based on the strength of their valuation, dividends, institutional ownership, risk, earnings, profitabiliy and analyst recommendations.
The July defense contract roundup for Hampton Roads shows that Newport News Shipbuilding still has plenty of aircraft carrier-related work after saying goodbye to the USS Gerald R. Ford.The Defense Department awarded more than $150 million last month to the shipyard's parent company, Huntington Ingalls Industries, to continue…
Nine people have been reported missing, feared dead, after a tug pushing barges down the Amazon River collided with a containership operated by Brazilian shipping company Mercosul Line, part of the Maersk Group.A video shows the devastation caused by the head-on collision which happened on August 2, 2017, at around 4 am in the morning…
City residents who are elderly or have disabilities can apply for real estate tax relief but the deadline is approaching.The city's Office of the Commissioner of the Revenue is processing applications. The deadline to file is Aug. 31, according to a city news release.Those who meet certain eligibility requirements could…
SAIPAN, Northern Mariana IslandsMaritime Prepositioning Ships Squadron THREE (MPSRON 3) successfully conducted an underway multi-ship training exercise, Group Sail, Aug. 2-3, off the coast of Saipan.For the first time in 10 years MPSRON 3 conducted its largest successful multi-day Group Sail event with six preposition ships, the USNS 1st LT Jack Lummus (T-AK 3011), USNS 2nd LT John P.
A Hong Kong startup aims to fundamentally change the container shipping industry by the creation of a cryptocurrency called TEU.300cubits, a blockchain initiative, is distributing the TEU on the Ethereum network and says it will be tradable on various cryptocurrency exchanges globally.At first, the TEU tokens will be used as booking deposits for container shipping…
CAGR of more than 4% during the forecast period. trends. and forecasts for various market segments and all geographical regions. product tanks. clean all-size, fixed as well as floating-roof oil tanks. service providers that further enter into contracts with end-users. exploration and production (E&P) players will increase. systems over the forecast period.
Choosing an NVOCC: Ensuring it is FMC-licensedGiven the sheer amount of NVOCCs in the world, choosing one right for you may prove a daunting task. How do you know which is the best one for you? The first and foremost step of such a process would be to ensure that your NVOCC is licensed by the Federal Maritime Commission (FMC).What is an NVOCC?Lets begin with the basics.
Alaska Communications Systems Group (NASDAQ: ALSK) and Shenandoah Telecommunications (NASDAQ:SHEN) are both small-cap utilities companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, risk, profitabiliy, earnings and institutional ownership.
Aug. 4 (UPI) -- BAE Systems of Great Britain is starting to install a new combined heat and power plant at the Royal Navy base in Portsmouth, England.The plant will be completed at the end of next year and will recycle energy, reduce carbon footprint and save the Ministry of Defense as much as $4.7 million in annual energy costs…
Nine people have gone missing in a collision between containership Mercosul Santos and a tug boat on the Amazon River early Wednesday morning, according to local media reports. The 2,478-TEU vessel collided with the tug boat approximately 78 miles from the port of Santarem as it was pushing barges upriver. The tug, along with a few barges it was guiding…
The American Society of Civil Engineers honored a Savannah River Site contractor who has worked in engineering for more than 50 years.Wade Faires received the South Carolina LeTellier Cup Award for lifetime achievement in civil engineering in June.The structural mechanics manager employed by Savannah River Remediation, the SRS liquid waste contractor…
Mr. Paris Kassidokostas-Latsis has joined forces with two leading global investors to form a joint venture vehicle, Ivy Shipping LLC, with the primary purpose to invest in Supramax and Panamax dry bulk carriers.Mr. Paris Kassidokostas-LatsisIvy Shipping has consummated its first deal, the acquisition of four Japanese built Supramax vessels, six years of age.
By Choi Kyong-ae SEOUL, Aug 3 (Yonhap) -- Hyundai Merchant Marine Co., South Korea's leading container carrier, said Thursday it will allocate more vessels to meet rising demand on U.S. routes in the coming months. The shipping company expects a shortage of container carriers on the high-traffic routes from August to October as U.S. customers want more products from China and Southeast Asia.
With help from Lauren GardnerA HOLDING PATTERN: Sen. John Thune (R-S.D.) confirmed for us Tuesday what weve pretty much already known for a while: The upper chamber wont consider its FAA bill on the floor until September, when lawmakers come back from recess. Thune saidthe Senate will either pass the legislation, which would reauthorize the agency for four years, or a shorter term extension.
SEOUL -- Daewoo Shipbuilding & Marine Engineering delivered a submarine to Indonesia's defense ministry, the company said Wednesday, the first sub export by a South Korean business.The handover of the 1,400-ton diesel vessel marked a success in commercializing a new model based on German technology. South Korea becomes the fifth country to export submarines after Germany…
