Scorpio Tankers shares firm on $59m stock-repurchase splurge
Tanker owner makes good on pledge to spend cash on its own stock
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July 2024
Great Lakes Towing Christens New Tug Minnesota
The Great Lakes Towing Company held a christening ceremony in Cleveland for its newest tug.The vessel, named Minnesota, was delivered in 2023 as part of a series of 10 new Damen 1907 ICE tugs built by Great Lakes Shipyard, a sister company to…
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CMA CGM pens $2.7bn order for LNG fuelled container ships in South Korea
French liner giant orders a dozen 15,500-teu newbuildings at HD Hyundai Samho
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Canada Plans to Acquire Up to 12 Submarines
Canada, looking to shore up its defense of the Arctic, is moving ahead to acquire up to 12 submarines and has started a formal process to meet with manufacturers, the defense ministry said.Canada updated its defense policy this year with a focus…
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CBP Cracking Down on Maritime Auto Theft
Each year, criminals try to smuggle countless stolen vehicles through U.S. ports, attempting load them onto merchant vessels for destinations overseas.The U.S. Customs and Border Protection (CBP) has been cracking down on these efforts. During fiscal y…
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