The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Friday on stronger panamax rates, but the index still registered a third consecutive weekly decline.* The overall index, which factor...
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US Navy Seizes Thousands of AK-47s in the Gulf of Aden
More than 2,500 AK-47 automatic rifles were seized from a stateless skiff in the international waters of the Gulf of Aden at the end of August.U.S. Navy sailors aboard the guided-missile destroyer USS Jason Dunham (DDG 109) discovered the illicit…
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Damen Chairman Meets with Romania’s Economy Minister
The chairman and owner of Damen Shipyards Group met with the Romanian Minister of Economy this week to discuss the future of the shipyard jointly operated by the shipbuilding conglomerate and the Romanian government.The Dutch shipbuilding group…
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Stena Bulk Charters Out MR Tanker Pair to Petrobras
Stena Bulk said it has signed a contract with Brazil's state-owned oil company to charter out a pair of MR product tankers for transporting refined products along the Brazilian coast. The two-year deal includes the option to extend the charters for ano...
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Coral Leader to the Rescue
Coral Leader, a Pure Car and Truck Carrier (PCTC) owned by NYK supported the rescue operation of five people including two children onboard yacht. The yacht was in distress in the Mediterranean Sea, just off Corsica.The operation was conducted…
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Morten Mosegaard Christensen New CFO for Maersk Tankers
Maersk Tankers has appointed Morten Mosegaard Christensen as its new Chief Financial Officer (CFO).Christensen joins Maersk Tankers from Danske Bank where he serves as interim CFO and Chief of Staff. Previously, he has held leadership positions at Dans...
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College football notebook: Illinois backup QB leaves program
Illinois sophomore quarterback Cam Thomas has departed the program just 10 days after failing to win the starting position.
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NFL notebook: Steelers resolute in Bell holdout
Even if the team enters the season without its All-Pro running back, the Pittsburgh Steelers are not planning to change their position in the ongoing standoff with Le'Veon Bell.
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New York scientists use new DNA tools to identify 9/11 victims
New DNA analysis techniques are helping identify more victims of the attacks on the World Trade Center on Sept. 11, 2001, scientists in the office of New York City's chief medical examiner said on Thursday.
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The Switch Scores Its Largest Marine Contract to Date
advanced drive train technology specialist Yaskawa Environmental Energy / The Switch said it has signed a contract to provide 16 DC-Hubs and 32 frequency converters for a innovative new shuttle tanker concept developed by Teekay and Wärtsilä.The…
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