A close-up of the Automated Integrated Distress Device (AIDD) prototype, developed by George Borlase of APL. Should mariners get into trouble, the device would automatically fire flares and flash a strobe to alert boaters within an 8-mile radius that help is needed.
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Angeliki Frangou’s Navios Maritime Partners (NYSE: NMM) has agreed to purchase four newbuild 115,000 dwt LR2 tankers. The vessels are being acquired for a purchase price of $58.5 million each,...
The effort to “Save The Sullivans” at the Buffalo and Erie County Naval and Military Park will transition to the next phase response as the USS The Sullivans was dewatered...
By William Clowes (Bloomberg) The owners of an oil-production and storage ship had a history of financial problems before the vessel blew up in Nigerian waters two months ago. The Trinity...
