India, Mozambique to Boost Maritime Ties
India and Mozambique on Wednesday discussed ways to intensify cooperation in maritime security, ocean economy and defence as Prime Minister Narendra Modi held talks with Mozambique President Filipe Jacinto Nyusi in New Delhi. "Africa and the Indian Ocean are among the highest priorities for our foreign policy. Mozambique is crucial for both," he said. He said that the southeast African nation, bordering the Indian Ocean…
Sainty Marine Tells Stock Exchange of Only 4 of its 29 Lost Orders
Shenzhen-listed shipbuilder Sainty Marine withheld news of 29 lost orders from said exchange, Caixin reported, citing data from industry research firms and information from a shipbuilding executive. The firm told the stock market that buyers had canceled four orders in May, but the remainder - worth RMB6 billion (US$966.3 million) - remained undisclosed. Data from industry research firms and information provided by a shipbuilding executive reveal that Sainty Marine Corp.
Bechtel to Design America's First FLNG
The first U.S.-based floating liquefied natural gas vessel (FLNGV) moved closer to reality after engineering giant Bechtel agreed to design and engineer the project. Bechtel has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy, to perform front-end engineering and design for the floating FLNGV to go into service at Port Delfin. Port Delfin is a proposed deepwater…
World Submarine and MRO Market to Reach USD 36.6 Bln by 2025
The worldwide submarine market space is expected to increase from a value of USD 22.9 billion in 2015 to USD 36.6 billion by 2025, posting a CAGR of 4.78% over the forecast period, says a report by by Strategic Defence Intelligence (SDI). North America is expected to dominate the market, with APAC and Europe following after. The USA is the country that spend the most on the military, with a cumulative spending of USD 112.2 billion over the next ten years.
U.S. Navy's Deadly War Sub Enters Submarine Fleet
The United States Navy has officially commissioned the USS John Warner, the most powerful attack submarine to be developed in the history of the country, in a ceremony at the Norfolk Naval Station. Chief of Naval Operations Admiral Jonathan Greenert delivered the keynote address at the commissioning ceremony, asserting the necessity of maintaining undersea dominance. "This boat is the latest incarnation of American sea power, and is a strategic asset for this country," Johnathan said.
First 'Halal Cruise' to Sail from Turkey
To tap devout Islamic believers, Turkey will launch its first Muslims-friendly 100 percent halal cruise on the Aegean Sea next month for religiously observant travelers in the country. The country’s fist halal cruise was announced by the Antalya-based Fusion Tour company as a new approach that hopes to tap into the $145 billion global halal tourism sector. On the ship’s September voyage to neighboring Greece…
India to Decentrale Chartering Arrangements
India's state-owned companies can now make their own shipping arrangements of both dry and liquid bulk cargo without having to route their requirements through the Shipping Ministry. The Cabinet Committee on Economic Affairs (CCEA) has allowed government departments and public sector undertakings (PSUs) to make their own shipping arrangements with regard to oceanic transportation of cargo by decentralising existing chartering arrangements.
Malcolm Elected to General Dynamics Board
The board of directors of General Dynamics has elected Mark Malcolm to be a director of the corporation, effective August 5, 2015. He has been appointed to serve on the Audit Committee. Malcolm is the president and chief executive officer of Tower International, Inc. (NYSE: TOWR), a position he has held since August 2007. Tower International is one of the largest independent global suppliers of engineered automotive structural metal components and assemblies for major vehicle manufacturers.
GLDD Completes Suez Contract
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today that it will participate in the events planned to celebrate the recent completion of the New Suez Canal Project in Egypt, which will allow two way traffic by creating a parallel channel alongside 70 kilometers of the existing Canal. The inauguration ceremony is scheduled today August 6, 2015.
Wärtsilä to Power First Dual-Fuelled Dredger
A new generation "Antigoon" class dredger, called Scheldt River, being built by Royal IHC in the Netherlands on behalf of the Belgium based DEME Group, is to be powered by Wärtsilä dual-fuel (DF) engines. This will be the first ever dredger to operate on engines capable of utilising either liquefied natural gas (LNG) or conventional marine fuels. The contract with Wärtsilä was signed in July. The 104-meter-long vessel will have a hopper volume capacity of approximately 8,000 cubic metres.
Incat Designs Dive Vessel for Down Under Cruise & Dive
Incat Crowther has entered into a contract to design a 33m Catamaran Dive Vessel for Down Under Cruise & Dive of Cairns, Australia. Construction of the vessel is well underway at Marine Engineering Consultants on Queensland’s Gold Coast. Incat Crowther were approached by Down Under Cruise & Dive to create a design that offered the ultimate passenger experience, with the class and style of a motor yacht, yet retained the rugged and efficient properties of an aluminium commercial vessel.
Dun & Bradstreet Take Christy on Board
Dun & Bradstreet nnounced today the appointment of Cindy Christy, president and chief operating officer of Asurion Corporation, to the company's Board of Directors, effective immediately. In this role, Christy will share her broad experience and functional expertise with management in the areas of product development, operations, compliance, market research, management, strategy, and sales. "Cindy is a highly accomplished leader who excels in product strategy and partnership development…
13 Yr Old Medevaced Off Peddocks Island, Boston Harbor
A Coast Guard rescue crew, accompanied by two Hull Emergency Medical Services technicians, medically evacuated a 13-year-old male Wednesday at about 7:30 p.m. from Peddocks Island, one of the Boston Harbor Islands. Hull EMS contacted watchstanders at Coast Guard Station Point Allerton at approximately 6 p.m. reporting a camper at Outward Bound Camp was complaining of a possible hernia and needed medical attention.
General Dynamics Declares Dividend
The board of directors of General Dynamics today declared a regular quarterly dividend of 69 cents per share on the company's common stock, payable November 13, 2015…
Sewage Flow is Williston's Oil Bust Indicator
The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices , according to…
Taiwan Mulls Increased Regional Maritime Cooperation
Taiwan's coastguard wants to improve cooperation with the Philippines and conduct joint search and rescue exercises despite tense standoffs in disputed waters in recent months…