SecDef Announces Flag Officer Assignments

Thursday, March 15, 2007
Secretary of Defense Robert M. Gates announced March 13 that the President has made the following nominations: Navy Reserve Rear Adm. (lower half) Albert Garcia III has been nominated for appointment to the grade of rear admiral while serving as deputy commander, First Naval Construction Division, Norfolk. Navy Reserve Rear Adm. (lower half) Gregory A. Timberlake has been nominated for appointment to the grade of rear admiral while serving as deputy fleet surgeon, U. S. Fleet Forces Command, Norfolk. Source: NavNews

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Navy

James Troop Supplies Engines for 3 Naval Vessels

Liverpool City Region (UK) based ship engine specialist James Troop & Co has won an order to supply Volvo Penta diesel engines for three European naval vessels being built on Merseyside.

NATO Launches Sea Mission Against People-Smugglers

NATO, EU mission to help target traffickers in Aegean Sea. NATO ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe,

UK to Double NATO Naval Deployments in 2016

Britain is doubling its naval deployments to North Atlantic Treaty Organization (NATO) in a move aimed a showing enemies that "we are ready to respond to any threat",

Finance

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Long Beach Sees Robust Container Growth

The Port of Long Beach kicked off 2016 by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

 
 
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