P&O Port Business Is Strong
Peninsular & Oriental Steam Navigation Company Plc (P&O) said its ports business remained robust during the second quarter despite slower growth in world trade.
Japan Ship Exports Up 69%
Ship export contracts concluded by Japanese shipyards in June rose 68.8 percent from a year earlier to about 1.36 million grt, or 27 vessels, the Japan Ship Exporters Association said.
GD Reports Good Quarter
General Dynamics Corp., maker of nuclear submarines, tanks and destroyers, reported an 11 percent increase in second-quarter profits, meeting Wall Street targets…
Debris Cleared From Sunken Sub
The task of clearing debris from the wreck of the Russian nuclear submarine Kursk will be completed today, the Russian Navy said. The Kursk sank in the Barents Sea…
Loose Cable Contributed To Crane Collapse
The collapse of a giant, brand new gantry crane which killed 36 people in a Shanghai shipyard may have been caused by loose steel ropes, state media and an engineer at the crane's designer said.
