BAE System’s San Diego yard is a critical player in keeping U.S. Navy ships operatingWalk with David M. Thomas, Jr., VP & GM, San Diego Ship Repair, BAE Systems, and a few things become immediately clear: Dave Thomas is passionate about cleanliness and order, as the San Diego yard is compact and bustling with work, yet impeccably clean.
Rear Admiral Mark Buzby is the Maritime Administrator, U.S. Maritime Administration.Rear Adm. Mark H. Buzby was appointed by President Donald Trump and sworn in as Maritime Administrator on August 8, 2017. Prior to his appointment, Buzby served as president of the National Defense Transportation Association, a position he has held since retiring from the U.S.
A British destroyer has shadowed two Russian warships as they passed through the English Channel for the second time this year, the Royal Navy said.HMS Diamond sailed from Dover as the destroyer Severomorsk and cruiser Marshal Ustinov passed by on Tuesday.“This is routine business for the Royal Navy and the second time my ship’s company have undertaken such an escort duty this summer
Merchant mariner numbers may be at a low in the U.S., but the men and women of the Ready Reserve Force (RRF) have increased their operating days by 245 percent from Fiscal Year (FY) 2016 to FY 2017.This year’s missions have included some of the largest ammunition movements since the Vietnam War – which the RRF crane ships are exceptionally cut out for; unit resupply to various theaters around
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm. Now a new report examining the role of the Jones Act shipping industry before
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday."Major cost positions have risen more than initially expected and are pressuring operating margins," CEO Rolf Habben Jansen said in Hamburg.
German conglomerate Thyssenkrupp is examining a full or partial exit from its naval vessels business, which is part of the group's Marine Systems unit, a person familiar with the matter said.The news was first reported by German newspaper Handelsblatt, which said the company was in talks with competitors that could result in a complete or partial sale of the activities
Managers of insolvent P&R Group are being investigated after it was discovered the investment firm sold nearly one million more shipping containers than it owned, the Munich prosecutors' office said on Thursday.Once the world's biggest lessor of shipping containers, P&R sells containers to investors and its sister company in Switzerland rents them out to shipping companies.
Container shipping line Hapag-Lloyd announced a surprise dividend to shareholders on Wednesday and forecast a rise in annual earnings this year thanks to synergies from its merger with Gulf peer UASC. Hapag-Lloyd merged with UASC last year, becoming the world's No. 5 container shipper after overcapacity, price wars and freight rates far below break-even levels fanned industry consolidation.
The Panama Canal registered the transit of its 4,000th Neopanamax vessel through the Expanded Canal, underscoring the steady growth of the burgeoning liquefied natural gas (LNG) segment – which began transiting the waterway for the first time following the inauguration of the Expanded Canal.
Russian exports and transit of Urals oil through Baltic Sea ports are seen at 19.15 million tonnes in the third quarter, down from 19.8 million tonnes in the second quarter, industry sources said.Exports of Russian Urals and Siberian light oil from the Black Sea port of Novorossiisk are expected to rise to 8.5 million tonnes in the third quarter from 8.
German container shipping line Hapag-Lloyd on Wednesday said it expected to improve earnings this year thanks to synergies from the merger with Gulf peer UASC and rising transport volumes. Operating profit (EBITDA) will post a clear rise in 2018 after nearly doubling to 1.06 billion euros ($1.31 billion) in 2017, Hapag-Lloyd said, even as freight rates remain flat due to the merger with UASC.