More Navy Ships For Less Dollars?
As it becomes abundantly clear that a major injection of dollars is not imminent for the U.S. Naval shipbuilding sector, industry leaders met last week to mull ideas on getting more for less.
Casualties
Paradip, India: The holed Panamana-flag bulker Countess has completed repairs at Paradip, India, Reuters reported. The vessel was found to be taking water on May 27.
OPEC’s 20-Day Wait
As the price per barrel for oil continues to rise and pressure increases on OPEC to release additional supplies, it appears that there is continuing confusion regarding…
Sunken Drydock Blocks Shipping Channel
A Louisiana shipping channel used to supply crude oil to two big Gulf coast refineries has reopened to most ships but very large vessels may still not be able to get through, the U.S.
SAIT-Stento To Issue 1.2M New Shares
Communications services group SAIT-Stento will issue 1.2 million new shares at a maximum price of 32 euros each to make its stock more liquid and raise money for future acquisitions.
