NEW YORK- L-3 Communications (NYSE:LLL) announced today that it has entered into a definitive agreement with Wärtsilä Corporation to sell its Marine Systems International (L-3 MSI) business. The transaction is anticipated to be completed in the second quarter of 2015, subject to customary closing conditions and regulatory approvals. The transaction, with a base purchase price […]
NEW MALDEN, U.K. – Northrop Grumman Corporation (NYSE:NOC) has renewed its service agreement with U.K.-based Carisbrooke Shipping Limited. The contract will cover spares and labour for navigation systems, communication equipment and voyage data recorders onboard the 23 vessels, which include 6,000-, 8,000- and 12,500- Dead Weight Tonnage bulkers. Northrop Grumman Sperry Marine has supplied gyro […]
MAYFIELD VILLAGE, Ohio — The Progressive Group of Insurance Companies®, is continuing its longstanding partnership with the National Marine Manufacturers Association(NMMA) to sponsor 20 of the country’s premier boat shows. Progressive and NMMA are making boater education a top priority and bringing a completely new and interactive experience to the 2015 schedule. The Progressive Marina […]
President Obama just took action to protect one of Alaska’s most powerful economic engines and one of America’s greatest national treasures: Bristol Bay. Today, he signed a Presidential Memorandum that withdraws these beautiful and pristine waters from all future oil and gas drilling. “These waters are too special and too valuable to auction off to […]
NEW YORK, NY — JetBlue Airways (NASDAQ: JBLU), along with The Ocean Foundation (TOF) and A.T. Kearney, a leading global management consulting firm, announced the results of their unique partnership and research focusing on the long-term health of the Caribbean’s oceans and beaches, and a commitment to action developed with the Clinton Global Initiative (CGI). […]
Transport volume increased by around 6% / Average freight rate down 4.9% / Habben Jansen: “We are not satisfied, but are on a good path” / Comprehensive package of measures is being implemented Hapag-Lloyd ended the third quarter of 2014 with a positive operating result of EUR 33.1 million. “Although it is a first step […]
The Joint Shipping Initiative – made up of Shell, BP, Maersk, Stena and Japanese shipping companies NYK, MOL and “K” Line – today announced it has given $1.5 million of additional funds to a United Nations Development Programme (UNDP) project to improve the lives of Somalis and security for seafarers. The UNDP’s “Alternative Livelihoods to […]
CHICAGO, Archer Daniels Midland Company (NYSE: ADM) announced today that it is restructuring its stevedoring operations in the Gulf of Mexico. The company’s stevedoring assets and operations, currently part of a joint venture, will become part of ADM’s integrated global logistics business. ADM will retain a minimum of 50 percent of the joint venture’s assets, […]
WASHINGTON – In an effort to bolster international partnerships and information sharing on intellectual property crime, the Federal Maritime Commission and the U.S. Postal Service Office of Inspector General (USPS OIG) joined the U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigations-led National Intellectual Property Rights Coordination Center (IPR Center) to become the center’s 22nd […]
The Joint Shipping Initiative – made up of Shell, BP, Maersk, Stena and Japanese shipping companies NYK, MOL and “K” Line – today announced it has given $1.5 million of additional funds to a United Nations Development Programme (UNDP) project to improve the lives of Somalis and security for seafarers. The UNDP’s “Alternative Livelihoods to […]