About 115 people are missing and feared to have drowned and another 134 were rescued by Libyan coast guards and local fishermen after a wooden boat carrying migrants capsized off Libya, a Libyan navy official said on Thursday.Earlier, the U.N.
115 Feared Dead after Med Shipwreck Read More »
Brazil’s top court on Thursday ordered state-run oil company Petroleo Brasileiro SA to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips.Chief Justice…
Brazil Court orders Petrobras to Refuel Iran Vessels Read More »
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure…
Vigor, MHI Acquired and Merged Read More »
The U.S. Navy will commission its newest Arleigh Burke-class guided missile destroyer — arguably the most successful shipbuilding series in naval history — the future USS Paul Ignatius (DDG 117), during a ceremony July 27 at Port Everglades in Fort L…
USN to Commission Destroyer Paul Ignatius Read More »
Although big lease financing deals have faded from the headlines, transactions are being done
China’s ship financing machine is still going strong under the radar Read More »