U.S. Okays Lockheed Aegis Combat System Sale to Japan
The U.S. State Department has approved the likely sale to Japan of two Lockheed Martin Corp Aegis combat systems valued at $1.5 billion, a deal aimed at boosting Japan's defenses against a ballistic missile attack, the U.S. Defense Department said Friday. The Defense Security Cooperation Agency (DSCA), which oversees foreign arms sales, said the Aegis combat systems and associated equipment would be installed on two new Japanese guided missile destroyers…
'Frack now, pay later,' - Top Companies Amid Oil Crash
Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. The moves by the world's No. 1 and No. 2 oil services companies show how they are scrambling to book sales of new technologies to customers short of cash after a 60 percent slide in crude to $45 a barrel. In some cases…
Dryships Post 2Q Loss
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its affiliate, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results for the second quarter ended June 30, 2015. For the second quarter of 2015, the Company reported a net loss of $1.44 billion, or $2.17 basic and diluted loss per share.
USS Ashland to the Rescue of Typhoon Soudelor Victims
Through the coordination of the Federal Emergency Management Agency, the amphibious dock landing ship USS Ashland (LSD 48) will depart Guam and arrive in Saipan Aug. 8 to provide relief in the aftermath of Typhoon Soudelor, which devastated the island Aug. 2-3. Agencies including the Government of Guam, American Red Cross, Ayuda Foundation and other non-profit/non-governmental organizations have provided drinking water…
SCCT All Set for Suez Traffic Growth
The Suez Canal Container Terminal, located east of the northern entrance of the Suez Canal, at the convergence of the continents of Africa, Asia and Europe, is preparing for an even larger role in global trade as the expansion of the man-made waterway linking the Mediterranean and Red Seas enables increased vessel traffic. Four additional Super-Post-Panamax cranes scheduled for delivery to the terminal in mid-2016 will bring SCCT’s crane total to 24…
APM Terminals Acquires Reefer Terminal S.p.A.
APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today. Terms and price were not disclosed. Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty years handling 600,000 pallets per year, is also a world-class terminal for the handling of containers (275,000 TEU, 510 reefer plugs, 14.5 meter depth and 465 meter of quay) and general cargo.
Hong Kong Issues Note on Container Handling Safety
Hong Kong’s Marine Department has issued a reminder about safe handling of containers following the investigation into the death of a sailor on board a container vessel during cargo unloading operations. The incident occurred while containers were being discharged from the cargo ship onto a barge, the Government of Hong Kong SAR Marine Department Notice No.106 of 2015 stated. The barge listed towards the container ship due to uneven disposition of containers loaded on the barge.