The Navy has significantly increased what it’s paying its people – including 111,842 workers in Hampton Roads – in a move that’s having a big impact on the local economy. The Navy spent $7.27 billion on payroll expenses for its active duty and civilian workers here last year – up 10.6 percent from w
The navy’s new multi-role vessel has entered its home port Lyttelton for the first time. The HMNZS Canterbury departed from Nelson on Wednesday on the final leg of its homecoming journey. The $130 million ship arrived at around middat Thursday to a welcome celebration including a karanga, haka and m
Salvage teams are hoping to refloat a bulk carrier which has been stranded on the Australian seaboard for almost three weeks. The Japanese Pasha Bulker is carrying 700 tonnes of heavy fuel oil, and she poses a major environmental threat to the New South Wales coastline.
With its win on Wednesday, Alinghi tied the America’s Cup Match at two wins apiece. Essentially, the series is now a best of five, with the first team to win three races, beginning tomorrow, winning the America’s Cup.
The day has arrived for salvage experts to attempt to refloat the bulk carrier Pasha Bulker from a sandbar at Newcastle’s Nobbys Beach. The bid comes after Greenpeace activists last night staged a protest against coal at the salvage site, beaming messages against the ship’s hull including ‘Coal caus
Global Infrastructure Partners (GIP”), a private equity firm focused on global infrastructure asset investments, announced today that it has agreed to acquire, through its International Port Holdings (IPH) portfolio company, a 25% interest in Chennai Container Terminal Private Limited (CCT).
Union government-run Mumbai Port will set up exclusive berths for ships that ferry cars and roll-on, roll-off ships in a bid to strengthen its stature as a hub for automobile exports in the country. “The Ballard Pier Extension berth will be dedicated for pure car carriers, while one berth at Indira
Removing an oily shipwreck from a beach near Ocean Shores will cost the state about $6 million. The state Ecology Department says a contractor is removing large pieces of the Catala (kuh-TALL’-uh) from the dunes at Damon Point State Park. It should be gone in two weeks and the beach reopened to the
Wärtsilä’s joint venture company in China, Wartsila CME Zhenjiang Propeller Co Ltd, today inaugurated its new propeller factory at Zhenjiang in Jiangsu province. The company will be the biggest fixed-pitch propeller manufacturer in China and one of the biggest in the world in this sector. The new fa
Monday, June 18th, at dusk, the new 32-meter Admiral, construction no. 115, was launched into the water. The christening ceremony, complete with the traditional breaking of the bottle and blessing by the priest, was attended by the ship’s owner and his family, the crew, CNL President Annamaria Jasel
United Internet Team Germany has announced that Karol Jablonski, who steered Desafío Español 2007 into the Semi Finals of the Louis Vuitton Cup, will skipper the German team in the next edition of the America’s Cup.
A freight ferry is being brought into operation on the Dover Calais route to meet growing demand from hauliers.
Private equity firm Bain Capital has signed an agreement to acquire 100 per cent of the shares of yacht manufacturing giant Bavaria Yachtbau.
In order to catch up with the fast growing logistics demand in Southern Jiangsu area, COSCO Logistics Co., Ltd., the logistics arm of COSCO Group, recently enhanced its logistics facilities by setting up a joint venture with a local partner named Jiangsu Dagang Co., Ltd. The new company named Zhenji
