Cosco returns to profit for the first quarter
Singapore-listed firm’s late April predictions for positive results come true after acquiring two logistics businesses.
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May 2018
Keel Laid for Future USS Daniel Inouye
On Monday, May 14, shipbuilder General Dynamics Bath Iron Works held a keel laying ceremony for the U.S. Navy’s future USS Daniel Inouye (DDG 118). The $642.5 million Arleigh Burke-class destroyer DDG 118 has been under construction since October 2014 …
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Financiers Turning the Tide on Shipbreaking Practices
The shipping industry has long been criticised by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clout – its fi…
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Statoil to Become Equinor, Dropping ‘Oil’
Shareholders in Norway’s largest company, Statoil, will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climate change.From Wedn…
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Alexis Marine To Retrofit Rivertough to Salt Lugger
Louisiana-based inland workboat operator Alexis Marine has awarded a supply contract to Thordon Bearings for the retrofitting of 6in diameter RiverTough bearings to MV Kristin Alexis, the 60ft twin-screw towboat built by Bollinger Shipyard in…
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