The U.S. Coast Guard announced today it will discontinue broadcasts from its remaining 38 Differential GPS (DGPS) sites over the next three years, completing system reductions that began in 2016. The staged reduction of the remaining Coast Guard…
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Near Record Low Arctic Ocean Ice a Boost for Shipping
Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday. The…
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Ten Things to Do in New York This Spring
Are you a townie or traveler who needs to shake off the sad vibes of wintertime and blossom into spring? Trends come and go in the blink of an eye. Between trend and tradition, don't fear missing out on it all this season. New York is filled with so ma...
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World’s Largest Cruise Ship Delivered
At 362 meters long, 66 meters wide and 70 meters high, Royal Caribbean’s new 228,081 GRT cruise ship takes the “world’s largest” title. Mega ship Symphony of the Seas was delivered today to owner Royal Caribbean International from French shipbuilder…...
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Grindrod to Float Listing of Shipping Business Offshore
Grindrod, the South Africa-listed freight logistics and shipping services firm, said on Friday it will list its shipping business offshore, with a secondary listing on the Johannesburg bourse. Grindrod, which also has a financial services business…
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Dieselgate 101: Opening the Door to Cleaner Engines
Don’t do the crime if you can’t do the time – or at least pay the staggering fine. And pay it forward, Volkwagen will. The auto manufacturer got caught using software to trick emissions control software during testing on some cars – nearly 500…
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Capesize Pick-Up Propels Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, registered its first gain in 10 sessions on Friday, buoyed by higher rates for capesize vessels. The overall index, which factors in rates for capesiz...
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AAPA Elects William Friedman As 2018-19 Board Chairman
Friedman is Port of Cleveland's President & CEO. At its 2018 Spring Conference on March 20, the American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas—elected William D. Friedman, president…
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Top Ships: Surges on Reverse Stock Split
Shipping company's shares jump 52 pct to 26 cents in heavy premarket trading; top pct gainer on Nasdaq.
To effect 1-for-10 reverse stock split will reduce outstanding shares to ~17 mln. Shares have lost 30.2 pct YTD.
Reporting by Shreyashi Sanyal
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JPM shifts its Ballast
GLOG, NM, NAP down early Fri by ~5 pct, ~8 pct and ~3 pct, respectively. Lead analyst Noah Parquette sees most shipping sectors recovering, notes that dry bulk and LNG shipping have progressed furthest but crude tankers' risk trough could be…
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