Iran’s Islamic Revolution Guards Corps (IRGC) have established a new naval base in the vital oil tankship transit Strait of Hormuz.According to Iran's Fars news agency, as reported by Ria Novosti, the base, the fifth in the region, is located…
The 51-year-old flattop’s legacy stretches back from the Iraq and Afghanistan wars to Vietnam. Even before the Southeast Asia conflict, the carrier took part in the Cuban missile crisis when it was part of the blockade that forced the Soviets to remove nuclear missiles from Cuba…
The COSCO Group achieved net profit attributable to equity holders of $26.6 million on turnover of $937.0 million in Q3 2012.Group turnover inched down 3.4% to $937.0 million in Q3 2012 from $969.8 million in Q3 2011 due to a decrease in shipyard and dry bulk shipping revenue…
The company won several important contracts in the maritime and defence markets during the third quarter 2012.Q3 operating revenues totalled MNOK 3 675 and EBITA came to MNOK 570. This corresponds to an EBITA margin for the Group of 15.5 per cent…
The new facility at the Derby Learning & Development Centre in UK will double the number of Rolls-Royce apprentices under training. The additional apprentices will find work in the supply chain, providing an additional source of skilled labour to the UK engineering and manufacturing industry…
YKP-FM Global Shipyard Co Ltd to develop a workboat repair & maintenance facility in Kantang, Trang Province, Thailand.Freight Management Holdings Bhd (FMH) is buying a 25% stake in a Thai shipyard for RM2.5 million cash. The logistics group…
Horizon Lines' financial report shows volume improves 3.4%, & rate, net of fuel up 2.9% from a year ago.Sam Woodward, President and Chief Executive Officer comments on third quarter 2012 financial results:'Horizon Lines generated a 3…
A decline in demand for freight transportation leads IBISWorld to update its market report on US Ocean & Coastal Transportation.The transportation sector provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation…
Alternative Energy Products Manufacturer Moves Own Facility to Greater EfficiencyImtra, a manufacturer of advanced LED Solutions, has announced the completion of its ‘green’ initiative to reduce energy consumption at its corporate headquarters…
GAC Protective Solutions has published a new position paper calling for ship owners and operators to adopt a more systematic approach to sea defense that is based upon a multi-layered model of non-lethal risk mitigation measures, rather than…
Bibby Remote Intervention Limited (BRIL) has announced the recent appointments of Lloyd Duncan as Senior Inspection Repair and Maintenance (IRM) Consultant and Andy Inglis to the role of Inspection Manager. BRIL is the latest division…
River Advice & International Shipping Partners establish new ship management company 'FleetPro Passenger Ship Management (FleetPro).FleetPro results from the combination of River Advice with 1250 employees and 35 river cruise vessels under management in Europe…
Cobham plc has established a new strategic business unit (SBU) Cobham SATCOM: Thrane & Thrane will form its core.Headquartered in Denmark, Cobham SATCOM is led by Thrane & Thrane CEO Walther Thygesen with assistance from a multinational management team…
HII's Newport News Shipbuilding Division VP honored by American Society for Engineering Management's (ASEM) 'I work with some of the greatest engineering managers in the world, so I am very humbled by this award,' said Boykin, who joined NNS in 1987 and is responsible for all ship design…
The Coast Guard suspended its search Thursday for the missing captain of the HMS Bounty 200 miles southeast of Hatteras, N.C. Missing is Robin Walbridge, 63.“Our thoughts and prayers are with the Walbridge and Christian families,' said Capt…
