According to an Oct. 15 Bloomberg report, ThyssenKrupp AG’s Marine Systems unit and Abu Dhabi MAR Group plan to set up a long-term partnership and a 50/50 joint venture, Abu Dhabi MAR said in an e-mailed statement.
The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.
Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.
The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season