China's Defense Ministry said on Saturday it plans to return an underwater U.S. drone seized this week by a Chinese naval vessel in the South China Sea, but complained the United States was "hyping up" the incident. The drone was taken on Thursday, the...
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Shipbuilder Ecovix, Units file for bankruptcy protection in Brazil
Ecovix Engevix Construções Oceánicas SA and five subsidiaries have filed for bankruptcy protection in a federal commercial court, succumbing to a debt burden of 8 billion reais ($2.4 billion) and a plunge in shipbuilding. In a statement on Friday…
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Lowrance Debuts High Powered HDS Multifunction Displays
Lowrance announced today the release of a high-performance addition to the HDS series of fishfinders/chartplotters – Lowrance HDS Carbon. The new Lowrance HDS Carbon adds a high-performance dual core processor, multi-touch SolarMAX HD screen…
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Dorian Adopts Shareholder Rights Plan
The Board of Directors of Dorian LPG Ltd. (NYSE: LPG) today adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of Company common stock (each, a "Right"). The…
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Ten Appointments to Australian Naval Shipbuilding Advisory Board
The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced the appointment of 10 Board Members to the Naval Shipbuilding Advisory Board, chaired by Professor Donald Winter. “The establishment of the Advisory Board is an…
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Maritime Museum Rotterdam Launches Offshore Experience
Marjan van Loon, President-Director of Shell Netherlands, officially opened the Offshore Experience exhibition at the Maritime Museum in Rotterdam on Friday, 16 December. Over fifty leading companies in the shipping and offshore maritime sector…
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Rotterdam Wants an Ambitious CO2 Reduction Plan from IMO
The Port of Rotterdam Authority is calling on the European Parliament to put pressure on the International Maritime Organization (IMO) to produce an ambitious worldwide CO2 reduction plan for sea shipping. Given the recent plans, measures could only be...
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Shipping Markets Face Cold Winds
The shipping markets have in the main been pretty icy since the onset of the global economic downturn back in 2008, but 2016 has seen a particular blast of cold air rattle through the shipping industry, with few sectors escaping the frosty grasp of the...
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China Seizes US Underwater Drone in South China Sea
A Chinese warship has seized an underwater drone deployed by a U.S. oceanographic vessel in the South China Sea, triggering a formal diplomatic protest and a demand for its return, U.S. officials told Reuters on Friday. The drone was taken on Dec.
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Shipbuilder Ecovix Files for Bankruptcy Protection in Brazil
Ecovix Engevix Construções Oceánicas SA and five subsidiaries have filed for bankruptcy protection in a federal commercial court, succumbing to a debt burden of 8 billion reais ($2.4 billion) and a plunge in shipbuilding. In a statement on Friday…
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