“Maersk is moving away from this vertical integration in order to simplify its business and make sure every business we are involved in is competitive”, told to Financial Times Maersk CEO Nils Andersen. Under the “vertical integration” policy cargo on Maersk Line ships would often go in containers m
Offshore loading will only be used for six months on the Don West and Don South West fields operator Petrofac said today as the Northern North Sea field developments were given the green light by the UK government. Petrofac has indicated that under the approved field development plan, production wil
Van Oord has been awarded a dredging and trenching project on the Yamal Peninsula in Northern Russia. The company will execute the Baydaratskaya Bay Crossing Project as a contractor for the Russian company MRTS. The final client is Gazprom. Van Oord will execute the project with the trailing suction
Raytheon Demonstrates New JSOW Seeker for Interdicting Moving Maritime Targets
CHARLOTTE, North Carolina, May 28, 2008 – Horizon Lines, Inc. (NYSE: HRZ) announced today that it has placed six employees involved in the Puerto Rico trade lane on administrative leave as a result of management’s review of issues raised by the Department of Justice investigation of pricing practice
SCOTTSDALE, Ariz. – This Friday and Saturday, General Dynamics C4 Systems will host a technical hiring event for engineers interested in working on a variety of high-tech projects including the U.S. military’s Warfighter Information Network – Tactical (WIN-T) and Joint Tactical Radio System (JTRS) p
NEW YORK, May 28 /PRNewswire-FirstCall/ — Genco Shipping & Trading Limited (NYSE: GNK) today announced the closing of a public offering of primary and secondary shares of its common stock, par value $0.01 per share (“Common Stock”). Genco sold a total of 2,702,669 shares of Common Stock and certain
Oil-fired transportation cost may put brakes on long-distance trade May 28, 2008 04:30 AM Julian Beltrame THE CANADIAN PRESS OTTAWA–The high price of energy is undercutting the advantages of globalization by raising transportation costs so much that they could force businesses to look closer to home
Concord Times (Freetown) 28 May 2008 Posted to the web 28 May 2008 Ibrahim Tarawallie Freetown Member of Parliament of the Peoples Movement for Democratic Change (PMDC) Tuesday told Concord Times that he was satisfied with the amendment of the 2003 merchant shipping act. The amendment act was tabled
AMSTERDAM, Netherlands (CNN) — A Dutch shipping company has been in contact with Somali pirates who hijacked a ship with nine crew members as it traveled through the Gulf of Aden on Sunday, a spokesman said Tuesday.
Wärtsilä Corporation, Trade & Technical Press release, 16 May 2008 Hitachi Zosen Diesel & Engineering Co Ltd today celebrated the completion of its first Wärtsilä RT-flex common-rail marine diesel engine at its Ariake Machinery Works in Kumamoto Prefecture, Japan. The new engine was presented and de
FALLS CHURCH, Va., May 27, 2008 /PRNewswire/ — Raytheon Company (NYSE: RTN) has been awarded a contract potentially worth $70 million to provide infrastructure services for Operation Iraqi Freedom. DRS Technical Services, Inc. awarded Raytheon the 2008 $36.2 million contract, which includes a 2009 o
Tampa, FL – May 27, 2008 – Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX), the world leader in deep ocean shipwreck exploration, has granted Primetime Emmy® Award-winning JWM Productions exclusive access to film Odyssey’s 2008 Atlas Search expeditions to produce a shipwreck exploration television
Vancouver, British Columbia – Kongsberg Mesotech Ltd., a world leader in underwater diver detection technology, is pleased to announce the release of version 1.3 of Defender II, the company’s automated detection and tracking software for the KONGSBERG DDS 9000 diver detection sonar system, and the d
