Hong Kong to Hainan Dao Yacht Race
A yacht race from Hong Kong to Hainan Dao will take place on 16 October 2014 (Thursday). About 20 yachts are expected to participate in the race. The race will start at 1320 hours on 16 October 2014 off the Causeway Bay Typhoon Shelter, and follow an easterly route through the harbour, Tathong Channel and Lo Chau Mun, thence to Hainan Dao. Masters, coxswains and persons-in-charge of vessels navigating in the vicinity of the race route should proceed with caution…
New Vice Presidents at Caterpillar
Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. today announced…
Navy Sets Up Base in Romania
Commander, Navy Region Europe, Africa, Southwest Asia (CNREURAFSWA) established Naval Support Facility (NSF) Deveselu Friday, Oct. 10, during an establishment and assumption of command ceremony on base. NSF Deveselu, formerly a disused Romanian airfield, is the first Navy base to be established since Naval Station (NS) Everett in Washington, whose official groundbreaking ceremony was held Nov. 9, 1987.
Congestion at Long Beach Port being Eased
As a result of the Port of Long Beach’s congestion relief efforts, two truck chassis owners, DCLI and TRAC, are adding over 3,000 chassis to their local fleet over the next few weeks to match supply and demand. "We need to increase the utilization of the more than 100,000 chassis in the San Pedro Bay port complex,” said Long Beach Board of Harbor Commissioners Vice President Rich Dines. “Mega container ships with 10…
Sierra Leone to Invest Heavily in Power
Sierra Leone is aiming to increase its power capacity tenfold by 2017, a plan the energy minister said should be driven by foreign investors despite the outbreak of Ebola and a history of bureaucratic difficulties. Sierra Leone has recorded strong economic growth rates in recent years as major mining projects came online, but the broader recovery from years of conflict during the 1990s has been slow and risks being derailed by an Ebola outbreak that has gripped the country.
S. Arabia Raised Output in Sept
Top oil exporter Saudi Arabia told OPEC it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in…
Morgan Stanley says "no assurance" Rosneft Deal Will Close
Morgan Stanley said on Friday that there is "no assurance" a deal to sell its physical oil trading business to Russian oil company Rosneft will close. The Wall Street…
Exxon Mobil Wants PDVSA Legal Edict Enforced
Oil company Exxon Mobil asked a U.S. District Court on Friday to recognize a World Bank arbitration ruling that Venezuela must pay $1.6 billion over a nationalization claim filed in 2007.
Storm Fay Heads for Bermuda
Subtropical Storm Fay formed in the Atlantic Ocean on Friday and was headed in the direction of Bermuda, the U.S. National Hurricane Center said. The storm, which…
CGF Raises $0.25 mi for Fallen Heroes
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that at the 34th Annual Salute to the U.S. Coast Guard, which was held in New York City last night, October 9th, more than $1 million was raised. Of that total, $250,000 will be allocated to the Foundation’s Fallen Heroes Fund, which provides support for the families of Coast Guard members lost in the line of duty.
Samson Energy to Sell $1 bln Gulf of Mexico Assets
Oil and gas explorer and producer Samson Energy Company LLC is selling its offshore Gulf of Mexico assets that could fetch more than $1 billion, according to people familiar with the situation.
Niger Cabinet Approves New Areva Uranium Deal
Niger's cabinet of ministers on Friday approved a renewal of French nuclear group Areva's uranium production deal in the West African nation, the government said on Friday…