NYK, JMU Develop Highly Efficient Propeller
Nippon Yusen Kabushiki Kaisha (NYK), MTI Co. Ltd., and Japan Marine United Corporation (JMU) have successfully developed a highly efficient propeller by analyzing…
Steel, Aluminum Tariffs a 'Bad Idea' -Morgan Stanley CEO
Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. "The biggest issues this country faces are not trade deficits, they're fiscal deficits," Chief Executive Officer James Gorman told CNBC. Gorman said that imposing tariffs on a country or ally that the United States sells a lot of goods to is not the "best way to move forward." He added that there may be retaliation from other countries due to the tariffs.
Ex-Petrobras CEO Bendine Convicted of Corruption in Brazil
Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA and Banco do Brasil, was found guilty on Wednesday of corruption…
Port Hedland Iron Ore Exports to China Fell 10% in February
Iron ore shipments to China from Australia's Port Hedland terminal fell nearly 10 percent in February to 31.3 million tonnes, down from 34.7 million tonnes a month earlier, port data released on Thursday showed. Overall August iron ore shipments from the world's biggest export terminal for the steelmaking raw material fell to 38.5 million tonnes in February from 41.1 million tonnes in January, according to the Pilbara Ports Authority.
MH370 Report to Be Released after Latest Search Ends
The full investigation report into the disappearance of Malaysia Airlines flight MH370 will be released after the latest search efforts are completed, officials said on Thursday, four years after the aircraft first went missing. Flight MH370, carrying 239 people onboard, became one of the world's greatest aviation mysteries when it disappeared on its way from Kuala Lumpur to Beijing on March 8, 2014. Malaysia agreed in January to pay U.S.
Oil Platform Fire near Corpus Christi Put Out
The United States Coast Guard said a fire on a Magellan-owned oil platform about three miles offshore of Corpus Christi, Texas on Wednesday afternoon has been put out. No one was aboard the platform at the time of the fire and a response boat crew reported that it was out at about 6:30 p.m., the coast guard said in a statement. The cause of the fire is under investigation, the agency said. (Reporting by Arpan Varghese; Editing by Stephen Coates)
Fatal US Destroyer Collision Caused by 'Sudden Turn' -Singapore
A U.S. guided missile destroyer's deadly collision with an oil tanker near Singapore in 2017 was caused by "a sudden turn" made by the warship that put it in the path of the commercial vessel, said a report by the Singapore government on Thursday. The collision on Aug. 21, which killed 10 sailors and was one of a handful of incidents in the Asia Pacific region involving U.S. Navy warships, raised questions about Navy training and led to the removal of a number of officers.
DNV GL: Digital Journey in Virtual Reality
Digitalization and advanced technology solutions are the center of DNV GL's efforts to keep ships safe and help customers enhance the efficiency of their assets. To showcase this vision, DNV GL developed a virtual reality (VR) presentation, which shows how the company is pushing ahead with a digital transformation to improve the quality and efficiency of its services, as well as the emerging solutions which will take class into the future.
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