Dubai Fines Polluting Tanker
Dubai fined a tanker $40,900 for dumping oil off the Gulf Arab emirate's coast, still recovering from a spill last month, the United Arab Emirates' news agency WAM reported.
Attica Receives New Superfast Ferry
Greek ferry operator Attica Enterprises took delivery of its new Superfast VII ferry, the first of four sister ships, from Howaldtswerke Werft (HDW) shipyards in Kiel, Germany.
Merger Talks In Singapore
Shares of Keppel Hitachi Zosen Ltd. and Keppel FELS Energy & Infrastructure Ltd. surged on market talk the two units of the Singapore conglomerate Keppel Corp. would be merged.
P&O Nedlloys Posts Best-Ever 1Q Numbers
Container shipping group P&O Nedlloyd posted its best ever first-quarter operating profit on Wednesday, helped by lower fuel prices and a seven percent rise in traffic.
Dry Bulk Rates Set For A Fall
A fall in dry bulk freight rates is looming nearer as the impact of strong Latin American grain business fades, brokers said this week. "As the boost from the Latin American grain season recedes…
New Cable Laying Ships Enters Service
The Oceanic Princess, the first of two new cable laying vessels purchased for conversion by specialist UK shipping group James Fisher and Sons PLC in the second half of last year…
Dear Bill ...
Following is the full text of the letter submitted to William P. Fricks, Chairman and CEO of Newport News Shipbuilding, from Kent Kresa Chairman, President and CEO…
Northrop Grumman Launches Hostile Bid For NNS
Northrop Grumman has made the prospects of big defense consolidation a bit more interesting, offering to acquire Newport News Shipbuilding in what amounts to a hostile takeover attempt.
Push Made In Senate For $100M In Title XI Funding
A bipartisan group of 38 Senators have written to Senators Judd Gregg and Ernest Hollings, chairman and ranking member, respectively, of the Appropriations Committee's Subcommittee on Commerce…