May 29, 2015 9:52 AM ET
Raytheon Company announced the launch of its new subsidiary, Raytheon Anschuetz USA LLC, located in San Diego, Calif.
According to the company, Raytheon Anschuetz USA LLC aims to reinforce customer care and support for Raytheon Anschütz
May 29, 2015 9:27 AM ET
Shipbuilder VT Halter Marine, Inc. announced construction has started early for the second liquefied natural gas (LNG)-powered ConRo ship, Taíno, for Crowley Holdings, Inc.
Taíno’s steel cutting ceremony was held May 27 at VT Halter’s Pascagoula, MIss.
May 29, 2015 9:10 AM ET
The New South Wales (NSW) Port Authority has suspended all overnight cruise ship visits to White Bay until the NSW Environment Protection Authority (EPA) has regulated ultra-low sulphur fuel use for ships berthing at the terminal.
Port Authority of NSW CEO,
May 29, 2015 8:46 AM ET
Crude oil tanker firm Frontline posted first-quarter operating profit above expectations on Friday and said it had renegotiated its relationship with chartering firm Ship Finance to strengthen its balance sheet.
Once the world's biggest crude tanker firm,
May 29, 2015 8:32 AM ET
Around 300 "boat people" have landed on Thailand's shores in recent weeks, Sek Wannamethee, director-general of the information department at Thailand's Foreign Ministry, said on Friday.
That was in addition to around a further 300 people who were
May 29, 2015 8:27 AM ET
The United States said on Friday that China had placed mobile artillery weapons systems on a reclaimed island in the disputed South China Sea, a development that Republican Sen. John McCain called "disturbing and escalatory."
Brent Colburn, a Pentagon
May 29, 2015 8:13 AM ET
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 23 percent to $342 per 20-foot container (TEU) in the week ended on Friday, a source with access to Shanghai Containerized Freight Index data told Reuters.
May 29, 2015 6:50 AM ET
Kalmar, part of Cargotec, will introduce yet another port industry first during the upcoming TOC Europe exhibition in Rotterdam, the Netherlands. On 9 June, ONE is coming.
Automation is widely accepted as the way towards improved productivity,
May 29, 2015 6:45 AM ET
The ‘FORAN new modules, new functions and FEM-Link (Hypermesh) Seminar’ was held on April 23rd in Wuhan. SENER is playing a big role in China, where it has been promoting the FORAN System for many years.Through the seminar, important new enhancements in its shipbuilding CAD/CAM System FORAN,
May 29, 2015 6:42 AM ET
Seeking new supply chain efficiencies, the ports of Los Angeles and Long Beach have announced the creation of working groups focusing on peak operations and terminal optimization to develop ways to strengthen the competitiveness of the San Pedro Bay port complex.
May 29, 2015 6:39 AM ET
Adm. Scott H. Swift returned to his home state and relieved Adm. Harry B. Harris Jr. as commander of the U.S. Pacific Fleet during a change of command ceremony on Joint Base Pearl Harbor-Hickam, May 27.
"The magnitude of this moment is not lost on me,
May 29, 2015 6:33 AM ET
Inchcape Shipping Services (ISS), the world-leading marine, cargo and supply chain solutions provider, has teamed up with Brightwell Payments, Inc. to introduce an innovative payment system for ship owners and managers to simplify cross-border crew payments,
May 29, 2015 6:12 AM ET
The importance of investment in the Shetland fishing industry has been highlighted today by Lerwick Port Authority Chief Executive, Sandra Laurenson.
The industry – white fish, pelagic, shellfish and aquaculture – is the biggest single contributor to the islands' economy,
May 29, 2015 1:57 AM ET
The German Defense Minister Ursula von der Leyen is visiting India lobbying for the purchase of German Stealth Submarines and European military hardware, say local media.
Sources said that Ursula talked of Eurofighter and [HDW] submarines in her
May 29, 2015 1:56 AM ET
Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020. The bond issue will be swapped from floating to fixed interest rate.
The bond issue was oversubscribed.
May 29, 2015 1:55 AM ET
GC Rieber Shipping has entered into an agreement to sell subsea vessel "Polar Prince", which the company had built in 1999.
The transaction gives GC Rieber Shipping an accounting gain of approximately NOK 10 million ($1.3 million).
May 29, 2015 1:55 AM ET
Amid increasing Chinese presence in the Indian Ocean region, Navy Chief Admiral R.K. Dhowan said that Indian Navy “minutely” monitors the activities of its Chinese counterpart in the region, reports PTI.
Underlining that India's maritime resources are directly linked to country's economy,
May 29, 2015 1:54 AM ET
Although the crisis is not over in all segments, Germany's second-largest marine lender, Nord LB, said its shipping loan portfolio turned a corner in the first quarter after several years of hefty losses, says a report in Reuters.
The net profit
May 29, 2015 1:54 AM ET
Monaco-based tanker owner and operator Navios Maritime Midstream Partners (NAP) plans to launch syndication of a USD 205 million Term Loan B to finance the purchase of up to two very large crude carriers.
Apart from financing the purchase of up
May 29, 2015 1:53 AM ET
Iran's Mehr news agency said that Iranian Foreign Minister Javad Zarif and Omani Foreign Minister Yusuf bin Alawi have announced that the two countries have agreed to demarcate a previously undefined stretch of maritime border.
Zarif discussed with