Seattle based Manson Construction Co. announced it has been selected as the contractor for the P-508 Floating Dry Dock Mooring Facility project.Awarded by Naval Facilities Command Southwest (NAVFAC SW), this $106.9 million project at Naval Base San Die...
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China Media Warns Against Taking China’s Indian Ocean Research as Threats
Chinese state media warned on Friday that a report by a prominent U.S. think tank on the military uses of Chinese scientific research across the Indian Ocean gave "ammunition" to countries bent on concocting threats from China.The report this…
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Saipem Barred from Public Contracts in Brazil for 2 Years
The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.The decision stems fr...
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Baltic Dry Index Marks Worst Week Since 2008
The Baltic Exchange's dry bulk sea freight index slid on Friday as its worst week since 2008 came to an end with rates across vessel segments languishing at multi-month lows.The overall index, which factors in rates for capesize, panamax, and supramax ...
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Glosten to Design Research Vessel for SARDI
Glosten announced it has been selected to develop the concept design of a coastal research vessel for the South Australian Research and Development Institute (SARDI).The naval architecture and marine engineering firm said it has been working…
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Stena Bulk Halts Tanker Transits in Red Sea
Tanker company Stena Bulk halted transits in the Red Sea early on Friday Central European Time, its CEO Erik Hannel told Reuters.It is the latest tanker operator to cease traversing the key shipping corridor following an advisory from the Combined…
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Houthis Mistakenly Target Tanker Carrying Russian Oil
Houthi militants mistakenly targeted a tanker carrying Russian oil in a missile attack on Friday off Yemen, British maritime security firm Ambrey said.The United Kingdom Maritime Trade Operations (UKMTO) organisation said it had received a report…
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Container Rates Soar on Concerns of Prolonged Red Sea Disruption
Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.U.S.
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Iran Confirms Seizure of Oil Tanker Involved in US-Iran Dispute
Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of the same vessel and its oil by the U.S., Iranian state media reported, a move likely to stoke regional tensions.The seizure…
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Flooded Engine Room Caused Fishing Vessel to Sink -NTSB
Uncontrolled flooding through a hole in the plating beneath the engine room of a fishing vessel led to its sinking in the Gulf of Mexico, the National Transportation Safety Board (NTSB) said Thursday.The commercial fishing vessel Captain Alex was fishi...
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