Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89 at the previous close but up from the recent nine-month low of $93.35 on July 1.
Kongsberg Maritime has secured a project to convert the double ended car ferry MF Hamlet to emission-free battery powered operation.The ferry, operated by Öresundlinjen, on the route between Helsingør, Denmark, and Helsingborg, Sweden, will see a major upgrade including installation of large battery packs and new permanent magnet motors for the azimuth thrusters.
Crewmembers aboard the Coast Guard Cutter Terrell Horne (WPC 1131), with support from the USS Spruance (DDG 111) and Department of Homeland Security partners interdicted a suspected maritime smuggling vessel carrying eight Mexican nationals approximately 27 miles west of San Diego, on Saturday.At approximately 11 p.m.