This Day in Naval History - March 30

Friday, March 30, 2007
From the Navy News Service 1944 - Torpedo squadrons from carriers are used for the first time to drop aerial mines - Palau Harbor in the South Pacific. 1972 - The Easter Offensive began in Vietnam. 1942 - The Pacific theater is divided into two zones to clarify command relations. Adm. Chester W. Nimitz commands the Pacific Ocean Area and Gen. Douglas MacArthur is over the Southwest Pacific Area.

Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
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