For the shipbuilding industry, changes approved by Congress for the way the Navy pays for warships may have been the equivalent of the industry’s ship coming in. Next fiscal year’s $2.6 trillion federal budget allows the Navy to buy a ship over several years, instead of setting aside full funding in
Sanxenxo (Pontevedra), May 5, 2005 – The 2005-2006 edition of the Volvo Ocean race will have to comply with a new rule that brings major changes with respect to previous editions of this Round the World race. In the words of the VOR organization, the new VO70 rule was developed
The Spanish VO70 moviestar has arrived in Rio de Janeiro completing over 8,000 miles on her journey to the VOR start.
Businesses in Vietnam are shouldering the heavy burden of too many port fees for exporting or importing goods, which they say is shrinking their profits and hurting their competitiveness. For example, to transport a container of goods to a port for shipping, an exporter has to pay at least seven fee
Escanaba residents are criticizing a report released last week about the potential to expand its shipping ports. Some residents say the report that cost the city 240 thousand dollars is filled with spelling errors.
Queensland’s Opposition Leader says at least 10 State Government projects worth more than $375 million are way behind schedule on the Gold Coast. Lawrence Springborg says the delayed projects include the Tugun Bypass, Southport police station, dredging of the Coomera River, an industrial park and sc
Rio de Janeiro
With the Department of Defense set to release its list of recommended base closings in less than two weeks, U.S. Rep. Jeb Bradley warned yesterday the threat facing the Portsmouth Naval Shipyard is real. “I’m holding my breath and I will be until next Friday,” the 1st District Republican told three
DALLAS Omnicom Group’s GSD&M was awarded Norwegian Cruise Line’s branding work after a review, the agency said. The value of the account is estimated at $25 million. Other finalists in the review were Dallas independent The Richards Group and WPP Group’s Landor Associates of San Francisco. GSD&M of
Irish sailor Dave Parker (22) set off on Monday from the Kish Lighthouse, Dublin Bay, on an attempt to break the Round Ireland Single handed speed record for a monohull. He is sailing a Berret 30ft half tonner called Blue Berret Pi.
The head of the Shipyard Workers Union is suing BC Ferries president David Hahn, alleging a media campaign of defamation. The B.C. Supreme Court lawsuit says Hahn is quoted in print and on radio accusing George MacPherson of misleading the public, and being an embarrassment to the labour movement.
Lately, the fishermen living near this island complain that they have little to do but that complain. Fishermen near Yeongpyeongdo, South Korea’s northernmost island off the west coast, say their spring crab catch is being depleted by Chinese fishing boats operating near the Northern Limit Line, the
Teledata Informatics Limited, a global software solutions company, on Monday said it has bagged a contract worth $1 million from a Chinese shipping company for technology services. Under the agreement, Beijing-based Sinotrans Shipping will use Teledata’s Ship Manager software in its fleet of 34 vess
Apart from reducing the incidence of taxation, the tonnage tax regime in its maiden year has enabled shipping companies to plough back the deferred tax liability into books. All the four shipping companies including GE Shipping, Essar Shipping, Varun Shipping and Shreyas Shipping have reversed the d
