Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced that its Hunt Valve operation has been awarded purchase orders totaling $96 million to provide valves in support of the construction of 12 new Virg...
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Maritime News Roundup: Shipbuilding, Wreck Removals and Subsea Security
A few choice 'news of note' from other leading new sources around the globe - January 6, 2025.2025 Target: $18.5B in Shipbuilding Order According to Business Korea, HD Korea Shipbuilding & Offshore Engineering set its shipbuilding target for 2025 at $1...
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Subsea Cables “Torn Apart” by External Force, says Elisa
A pair of telecomm cables appeared to have been torn apart by a strong external force, Finland's Elisa said today, adding that they had now been repaired. The cables were damaged in the Baltic Sea on Dec. 25, 2024.Finnish police seized the Eagle S tank...
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Amid Falling Suez Canal Revenue, Egypt to get $1.2 bln IMF Boost
Egypt is expected to receive a $1.2 billion disbursement from the International Monetary Fund this month as part of an $8 billion program with the international lender, Finance Minister Ahmed Kouchouk said on Sunday.Last month, the IMF said…
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BoatUS’ Sensenbrenner Appointed to NBSAC
Ted Sensenbrenner, BoatUS Foundation Director of Boating Safety, has been appointed by Director of Homeland Security Alejandro Mayorkas as a Representative to the National Boating Safety Advisory Committee (NBSAC).A coalition of recreational boating sa...
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New Bunkering Service Debuts in Canadian Port
The port of Prince Rupert has welcomed the startup of Wolverine Terminals’ marine bunkering service for deep sea shipping, adding a key logistical capability to this strategic deepwater port on the west coast of Canada. Using a unique pair of barges de...
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Norris Joins Shipbuilder as New Marine Fabrication Vice President
Vigor announced that Mark Norris has joined the company as Vice President of Marine Fabrication, to be based in the company's Vancouver, Washington facility.Vigor is currently in production on the Maneuver Support Vehicle (Light), or MSVL, the U.S. Arm...
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Cyber Security in the Maritime Sector – What You Need to Know Now
The U.S. Coast Guard proposes to update its maritime security regulations by adding regulations specifically focused on establishing minimum cybersecurity requirements for U.S.-flagged vessels, Outer Continental Shelf facilities, and U.S. facilities…
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US Port Labor Talks to Resume on Tuesday
Contract talks covering 45,000 dockworkers on the U.S. East and Gulf Coasts are set to restart on Tuesday in a labor dispute that will help set the pace of automation at ports stretching from Maine to Texas.The International Longshoremen's Association…
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Additional Sanctions Possible for Russian Oil tankers
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge of the matter said.President Joe Biden's…
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