Rolls-Royce CEO Sets Ambitious Goals

by Sarah Young (Reuters) - Rolls-Royce said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain’s best known engineering firm. The maker of engines for civil planes, military jets and ships has been in turnaround mode since 2015. … [Read more...]

CMA CGM Slashes Fuel Costs On New Flagship

By Mike Wackett (TheLoadstar) The new CMA CGM Antoine De Saint Exupery, delivered on Friday, will burn up to 25% less fuel due to its technologically advanced engine and optimised water distribution propeller system. The new 20,600 teu flagship of the French carrier was constructed by Hanjin Heavy Industries and Construction (HHIC) in the … [Read more...]

Contrary to Official Statements, Florida Offshore Drilling Still ‘On the Table’

By Jennifer A. Dlouhy (Bloomberg) -- Despite Interior Secretary Ryan Zinke’s Jan. 9 declaration that Florida is "off the table" for offshore oil drilling, that activity is actually still on the table. The acting director of the Bureau of Ocean Energy Management made clear Friday that Zinke’s decision, announced on Twitter and described to reporters in the Tallahassee … [Read more...]

China Tests New “Island Builder” Dredge

MANILA, Nov 6 (Reuters) - The Philippines expressed concern on Monday about China's testing of a massive dredging ship, saying it would track its activities closely, despite Beijing's assurances it would not develop areas where it has competing claims with Manila. China, which has poured billions of dollars into building artificial islands to strengthen its sovereignty … [Read more...]

Royal Caribbean Jettisons Balconies And Adopts RFID Tracking In New Celebrity Edge Class Design

by Nikki Ekstein (Bloomberg) Richard Fain, the chief executive officer of Royal Caribbean Cruises Ltd., is willing to bet $5 billion that he can take everything you know about cruising and flip it upside down. Or at least outside in. On Monday, he and Lisa Lutoff-Perlo, CEO of Celebrity Cruises—one of three brands in the Royal Caribbean family—announced a new class of ship … [Read more...]