Apollo’s Regan to step down as Genco Shipping board chairman
Private equity man to retain board seat but hand over leadership spot to veteran AMA banker
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March 2021
Marine Greases Address Surface Oxidation & Corrosion
While many current marine greases generally do a good job lubricating and protecting mechanical devices and equipment, they often do not address a common issue that affects all metals: existing oxidation/corrosion on the surfaces.U.S.-based…
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Bulker markets and dry freight derivatives hit by correction in rates
Slump also being seen in the spot market for bulkers as fixing activity slows down
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US Navy Recovers Downed Helicopter from Record Ocean Depth
The U.S. Navy last week retrieved one of its crashed helicopters from 19,075 feet below the surface of the North Pacific, setting a record for the deepest aircraft recovery at sea.The helicopter, a twin engine Sikorsky Seahawk, crashed off the coast of…
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Norway, Germany to Buy Six Submarines from Thyssenkrupp
Norway has agreed to order four submarines from Germany’s Thyssenkrupp for 45 billion crowns ($5.3 billion), with Germany agreeing to order another two, the Norwegian defense ministry said on Tuesday.Norway and Germany, both NATO members, are…
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