According to a Feb. 4 report from The Day the board of directors of General Dynamics has authorized its management to repurchase up to 10 million shares of the company's issued and outstanding common stock on the open market.
(Source: The Day)
Dry bulk shipping faces more earnings pain as a slowdown in commodities demand and a glut of ships are expected to pile on the pressure well into 2016, ship industry players said on Wednesday.
India has extended the benefit of nil custom and production tax on bunker fuels to domestic coastal movement of containers, in a move to decongest its roads and reduce carbon emissions,
Ivory Coast began construction on Tuesday of a four-year, 560 billion CFA franc ($962 million) project to build a second container terminal and widen the canal
The U.S. Coast Guard will call off its search for potential survivors from the missing cargo ship El Faro, several media sources reported Wednesday.
The search will end Wednesday night,
On Thursday evening, October 1, 2016, the ship EL FARO went missing. The ship was en route from Jacksonville, Florida to San Juan, Puerto Rico. On Monday, four days after the ship vanished,
Swiss Re Corporate Solutions has expanded its marine business by opening a North America marine office. Beginning October 1, 2015, the New York-based team will provide ocean cargo insurance,