In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg.
Another active week in the newbuilding market is reported in the latest Clarkson Hellas S&P Weekly Bulletin, as follows:
Dry Bulk Carriers
Starting with the
Rolls-Royce has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services
After two years of development, Ellicott Dredges announced the startup of two new dredging simulators, one for cutter dredges and one for auger dredges. Both are available for immediate use.
E-navigation specialist Navtor has secured arguably one of its most high-profile customers to date, with the news that the entire Hurtigruten fleet has signed up to use its innovative ENC Service.
Marine navigation and communications specialist MARIS AS, of Norway and Chinese marine electronics company New Sunrise Co., Ltd. (NSR), of Suzhou, have signed an
Coast Guard members of the 11th Coast Guard District participated in a joint two-day search and rescue exercise, SAREX, with members of the Mexican navy's Search and Rescue Station in Ensenada,
Austal USA announced the appointment of Terry O’Brien to the position of Vice President of Business Development and External Affairs, effective November 18, 2013.
Today in U.S. Naval History - December 10
1941 - Guam surrenders to Japanese.
1941 - Aircraft from USS Enterprise attack and sink Japanese Submarine I-70 north of Hawaiian Islands.