China to Return Seized US Underwater Drone
China's Defense Ministry said on Saturday it plans to return an underwater U.S. drone seized this week by a Chinese naval vessel in the South China Sea, but complained the United States was "hyping up" the incident. The drone was taken on Thursday, the first seizure of its kind in recent memory. It prompted the Pentagon to go public with a diplomatic complaint, and drew criticism from U.S. President-elect Donald Trump, who has vowed to take a more aggressive approach in dealing with Beijing.
Shipbuilder Ecovix, Units file for bankruptcy protection in Brazil
Ecovix Engevix Construções Oceánicas SA and five subsidiaries have filed for bankruptcy protection in a federal commercial court, succumbing to a debt burden of…
Lowrance Debuts High Powered HDS Multifunction Displays
Lowrance announced today the release of a high-performance addition to the HDS series of fishfinders/chartplotters – Lowrance HDS Carbon. The new Lowrance HDS Carbon adds a high-performance dual core processor, multi-touch SolarMAX HD screen, dual channel CHIRP and Network Dual Sounder to the proven features that have made HDS multifunction displays the choice of anglers at all levels. The HDS Carbon series includes 12-, 9- and 7-inch models.
Dorian Adopts Shareholder Rights Plan
The Board of Directors of Dorian LPG Ltd. (NYSE: LPG) today adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of Company common stock (each, a "Right"). The shareholder rights plan will replace the Company's existing rights plan that is due to expire pursuant to its terms on December 20, 2016. John Hadjipateras, Chairman and Chief Executive Officer of the Company…
Ten Appointments to Australian Naval Shipbuilding Advisory Board
The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced the appointment of 10 Board Members to the Naval Shipbuilding Advisory Board, chaired by Professor Donald Winter. “The establishment of the Advisory Board is an important milestone in the Government’s naval shipbuilding strategy, ensuring expert, independent advice to Government on all aspects of this historical national endeavour,” Minister Pyne said.
Maritime Museum Rotterdam Launches Offshore Experience
Marjan van Loon, President-Director of Shell Netherlands, officially opened the Offshore Experience exhibition at the Maritime Museum in Rotterdam on Friday, 16 December. Over fifty leading companies in the shipping and offshore maritime sector are among those who have helped fund the first-ever exhibition in the Netherlands dedicated to the offshore sector. The offshore industry is one of the largest and most innovative sectors in Holland…
Rotterdam Wants an Ambitious CO2 Reduction Plan from IMO
The Port of Rotterdam Authority is calling on the European Parliament to put pressure on the International Maritime Organization (IMO) to produce an ambitious worldwide CO2 reduction plan for sea shipping. Given the recent plans, measures could only be expected by 2023 at the earliest. “Far too late. The plans are not challenging enough,” believes Allard Castelein. The CEO of the Port of Rotterdam Authority issued his call on the eve of the vote on revising the EU ETS directive…