Tug Operator Completes Takeover
Tugboat operator Adsteam Marine Ltd. has completed its purchase of rival Newcastle operator Hunter Towage Services Pty Ltd. venture with Howard Smith Ltd.
EU O.K.s Sat Plan
The EU -- unhappy with its dependance on U.S. and Russian operated satellite navigation systems -- has taken a step further in launching its own. The European Union…
Safmarine MD, Safren CEO Step Down
South Africa's Safmarine Container Lines reported that its Managing Director and Safren Chief Executive Tony Farr had stepped down. Moeller, which owns the world's…
Tidewater Sells North Sea Boats
Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June.
Senate O.K.s U.S. Waterways Improvement Bill
The U.S. Senate passed legislation to improve transportation on the Mississippi and Illinois Rivers for Midwestern farmers shipping bulk commodities. The legislation…