Northrop Grumman Completes Merger with Litton Industries Inc.
Northrop Grumman Corporation announced today that it has completed the acquisition of all shares of Litton Industries Inc. common stock not previously purchased…
A.P. Moeller's Salvage Unit Acquires Dutch Wijsmuller Group
Danish oil and shipping group A.P. Moeller's Svitzer tug and salvage unit said on Thursday it bought privately-owned Dutch Wijsmuller Group Holding for an undisclosed sum.
Dockers Union Orders Strike After Violence Erupts at Nigerian Port
A Nigerian dockers' union said on Thursday it had ordered a strike at Lagos' Apapa port after three men died, bringing the port to a standstill when it is struggling…
Rolls-Royce Order Book Logs in at $21.3 Billion
British aircraft engine maker Rolls-Royce Plc said on Thursday its order book had risen to a record 15 billion pounds ($21.3 billion) as the group added to its share…
Exmar, Golar Mull Possible LNG Merger
Exmar, the tanker division of Belgian shipping company CMB is reportedly in talks with Norway's Golar LNG to merge their liquified natural gas activities. It was…
A.P. Moller Looks To Resume North Sea Oil Production
Danish oil and shipping conglomerate A.P. Moeller hopes to resume some of its 120,000 bpd North Sea oil production, which was halted 11 days ago due to a gas explosion…
Strategic Challenges LevelSeas for Top Spot In E-Brokering Arena
A new and formidable player emerged in shipping's e-broking sector this week to challenge the previously undisputed market leader LevelSeas, which is still more…
