USS Montpelier Modernization Contract for General Dynamics
The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the terms of the contract, Electric Boat will perform the planning activities required to conduct an interim dry-docking period…
Pentair Opens Aquaculture Center of Excellence
Mindful that fish farming has the potential to help meet an expanding population's need for protein in a world with increasing water constraints, Pentair announced the opening of its Pentair Aquatic Eco-Systems' World Aquaculture Technology Engineering & Research Center of Excellence in Apopka, Florida. The center, which consists of 12,400 square feet of laboratories and fish culture systems, will be used for demonstration, research and teaching activities.
Scorpio Tankers' Buyback Plan, Newbuild Delivery
Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii) that it will not exercise the options to purchase two LR2s currently under construction (with deliveries expected in the fourth quarter of 2016 and first quarter of 2017) from Scorpio Bulkers Inc., a related party. On May 27, 2015, the Company's…
Hiab to Launch the New Z-series Crane
Hiab launched the HIAB Z-HiPro 191 and HIAB Z-PRO 171 crane. Part of the new HIAB Z-series, the cranes feature the ability to be folded into a Z position and parked behind the drivers cab with the tools still attached. This unique attribute makes them the only models available on the market to be fully optimised for transport, whilst meeting the latest legislation. The Z-series cranes have been designed for applications where speed…
Great Barrier Reef Kept Off UNESCO 'Danger' List
A heritage committee of the UNESCO cultural agency stopped short of placing Australia's Great Barrier Reef on an "in danger" list, but the ruling on Friday raised long-term concerns about its future. The long-awaited ruling by UNESCO's World Heritage Committee welcomed Australian efforts to maintain the environmentally sensitive region but noted its outlook was "poor" and called on the government to stick rigidly to commitments to protect it.
World Refugee Crisis to Worsen with Climate Change
A historic 52 million people are fleeing conflict worldwide, a trend that will intensify over the next two decades because of climate change, International Rescue Committee chief David Miliband said on Friday. "One of the drivers of displacement and potential conflict over the next 10 to 20 years will be climate (change) - resource scarcity," said Miliband, a former United Kingdom foreign minister.
EXG Wins CII SCALE Award
Express Global Logistics Pvt Ltd (EXG) won the Supply Chain and Logistics Excellence (SCALE) Award 2015 organized by CII (Confederation of Indian Industry). EXG bagged the award for Excellent Position in Supply Chain & Logistics in Specialised Cargo category. The recognition of SCALE Awards 2015 encompasses the excellence amongst logistics service providers and supply chain aspect of user industry.