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BAE May Lay Off Half of Alabama Shipyard's Staff

By The Maritime Executive

August 26, 2016

BAE Systems' ship repair division announced Thursday that it will be reducing staff levels at its Mobile, Alabama facility by up to 200 positions, half of the current payroll. The announcement confirm...

Carrier USS Independence Bound for Scrapyard

By Paul Benecki

August 26, 2016

On Friday, International Shipbreaking Ltd. announced that the aircraft carrier USS Independence (CV 62) will be towed to her final destination in Brownsville, Texas, and is expected to arrive in early...

Petrobras to Cut Workforce by Twenty Percent

August 26, 2016

A voluntary layoff program at state-run oil company Petrobras has been accepted by 6,100 employees, a source with direct knowledge of the matter told Reuters. The number may rise by month-end, the...

Towing Casualties Decline, but Fatalities Rise

By The Maritime Executive

August 26, 2016

There were six crew fatalities in the U.S. towing industry in 2015, an increase of two over the previous year, translating to a projected fatality rate of seven per 100,000 workers. Three of these fat...

Tuco Reveals New Arctic Workboat Prior to SMM

By The Maritime Executive

August 26, 2016

Approaching next month’s SMM in Hamburg, one of the world’s leading maritime meeting places. Danish producer Tuco Marine reveal a new Arctic Workboat Daughter Craft. The boat have been developed upon...

30 Years and 500 Vessels Later, Damen is Just Getting Started

By The Maritime Executive

August 26, 2016

Damen Trading’s story begins in 1986, with Damen Shipyards Group responding to growing market demand for used vessels. Since then, Damen Trading has gone on to sell over 500 used vessels, right across...

Gibraltar Port Signs LNG Bunker Development Agreement with Shell

By The Maritime Executive

August 26, 2016

HM Government of Gibraltar and the Gibraltar Port Authority are pleased to have signed a bunker market development agreement with Shell. This is a significant milestone on the road to delivering LNG a...

Matson Signs with NASSCO for Two New Con-Ro Ships for Hawaii

By The Maritime Executive

August 26, 2016

Matson, Inc. ("Matson"; NYSE: MATX) today announced that its subsidiary, Matson Navigation Company, Inc., a leading U.S. carrier in the Pacific, has signed a contract with General Dynamics NASSCO, a w...

Last Sponsons Removed from Costa Concordia Wreck

By The Maritime Executive

August 26, 2016

The last two sponsons were removed from the Costa Concordia wreck this week, and the vessel is ready for transfer to dry dock. Deck 0 is watertight and the hull has been restored to autonomous buoyanc...

Creditors Weigh New Hanjin "Self-Rescue" Plan

By The Maritime Executive

August 26, 2016

Korea Development Bank expressed skepticism on Friday about a final "self-rescue" plan from Hanjin Shipping, leaving open the possibility that Hanjin could soon be put into receivership. KDB, Hanj...

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