Asia News

Russia Wins Back China Deal By Annexing Pesky Shipyard

Ukraine’s deal to sell Zubr hovercrafts made by the Feodosiya Shipyard to China was going along, with two of the landing craft delivered. There were disputes between it and Russia’s Almaz Shipbuilding about who owned the design (the craft does appear similar to the Almaz-designed Project 1232.2, the Bison Mark II), but then Russia went and annexed the territory on which important facilities sat.

US West Coast seaports mostly shut down amid labor dispute

LOS ANGELES (AP) Companies that operate marine terminals in major West Coast cities said they weren't calling workers to unload ships Thursday that carry car parts, furniture, clothing, electronics just about anything made in Asia and destined for U.S. consumers. Containers of U.S. exports won't get loaded either.The…

Maritime Piracy - A Global Headache

The maritime environment has presented a complex and challenging operating environment for all of human history. Piracy has been the most dangerous threat for seafarers. The first prize winner of 2015 CIMSEC (Center for International Maritime Security) High School Essay Contest Steel Templin brought out piracy issues faced by maritime sector.The nations of Somalia…
Petty Officer 2nd Class Adrienne Powers - Contributed photo

Kentwood graduate serves aboard USS George Washington

Petty Officer 2nd Class Adrienne Powers— image credit: Contributed photoBy Navy Office of Community Outreach Public AffairsA 2008 Kentwood High School graduate and Kent, Wash. native currently serves aboard the U.S. Navys forward-deployed aircraft carrier USS George Washington, stationed at a U.S. Navy base located 35 miles…

Spotlight: Maritime Silk Road to boost regional prosperity: overseas experts - Xinhua

BEIJING, Feb. 14 (Xinhua) -- Overseas experts have made positive comments on China's 21st Century Maritime Silk Road initiative, saying it will promote the development of the countries along the route and boost regional prosperity.Professor James Peck from New York University told reporters that the strategic 21st Century…

San Jose: Scientists call for 'geoengineering' tests to find ways to cool the planet

SAN JOSE -- Scientists are so concerned about global warming that they're now calling for tests to find ways to cool the planet -- the first step toward exploration of a highly controversial field that sounds like science fiction."Geoengineering," which is aimed at changing the climate by blocking the sun's powerful rays…

West Coast seaports reopen for day; no contract breakthrough - Hawaii News Now

LOS ANGELES (AP) - Seaports from Southern California to Seattle reopened - for a day - as negotiators labored to resolve a crippling contract dispute and resume the free flow of international trade across the West Coast waterfront.Friday was a reprieve of sorts, a normal workday with normal work crews.On Thursday, none…

West Coast Port Closures Are Hitting Several Industries Hard

No cargo will go in or out of 29 West Coast ports this weekend. It's the third partial shutdown in operations at these ports in a week, the result of a bitter labor dispute between shipping lines and the union representing 20,000 dock workers. The dispute has been dragging on for eight months, and now the economic impacts of the shutdown are starting to be felt.

Lawton native serves aboard USS George Washington - KSWO, Lawton, OK

By Navy Office of Community Outreach Public AffairsYOKOSUKA, Japan A 2014 Eisenhower Senior High School graduate and Lawton, Okla. native currently serves aboard the U.S. Navy's forward-deployed aircraft carrier USS George Washington, stationed at a U.S. Navy base located 35 miles south of Tokyo.Seaman Barry Vaught is an personnel specialist aboard the aircraft carrier operating out of Yokosuka…

West Coast seaports reopen for day; no contract breakthrough

LOS ANGELES (AP) - Seaports from Southern California to Seattle reopened - for a day - as negotiators labored to resolve a crippling contract dispute and resume the free flow of international trade across the West Coast waterfront.Friday was a reprieve of sorts, a normal workday with normal work crews.On Thursday, none…

Developers submit draft resource reports for Alaska LNG project

Alaska Gasline Development Corporation (AGDC), BP, ExxonMobil, ConocoPhillips and TransCanada have submitted a series of draft environmental and socioeconomic reports to the US Federal Energy Regulatory Commission (FERC) for the Alaska LNG project.The reports open the pre-file public engagement process and offer preliminary…

Narendra Modi calls for investment in shipbuilding, defence

Chakan, Pune: Prime Minister, Narendra Modi, on Saturday called on global investors to look at opportunities in the defence manufacturing and shipbuilding sectors, as part of the country’s make in India initiate. Speaking at the inauguration of General Electric’s multi modal facility at Chakhan in Pune, Maharashtra, Modi…

West Coast port labor disputes not heavily impacting Detroit automakers

A container ship is guided by tugboats as it arrives at the Port of Oakland to be unloaded Thursday, Feb. 12, 2015, in Oakland, Calif.(Photo: Ben Margot / AP)Unlike some foreign carmakers, Detroit automakers are not experiencing any significant problems in shipping or production due to labor disputes that have slowed shipments at dozens of ports on the West Coast.Officials for General Motors Co.…

Tanker market on “rally” mode during first month of the year

As seen in the previous months, January saw further freight rate increases for ship owners, particularly for the dirty tanker sector. The year 2014 ended on a positive note for tanker owners as freight rates for different classes stood at acceptable levels, mainly when taking into consideration the reduction in operational costs, which resulted from falling bunker prices.

Mid Cap Stocks Watch List – Brunswick (BC), Advent Software (ADVS), Kate Spade (KATE), Memorial Reso

Birmingham, West Midlands (TechSonian)13Feb 2015 Brunswick Corporation (NYSE:BC) recently declared a quarterly dividend on its ordinary stock of $0.125 per share payable March 13, 2015, to shareholders of record on Feb. 24, 2015.Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill “Genuine Ingenuity”(TM) in all its leading consumer brands…

LNG tankers lie unused around Singapore as gas downturn turns to crisis | Reuters

SINGAPORE/MILAN (Reuters) - Over a dozen liquefied natural gas (LNG) tankers are parked, many idle, in and around Singapore - one of the world's biggest trading hubs for the fuel - in a sign that the slowdown engulfing world gas markets may be worsening into a crisis.With Asian spot LNG prices down by almost two-thirds since February 2014 as slowing demand combines with rising output…

Retailers fret as products languish on ships, docks at ports - San Diego, California Talk Radio Stat

LOS ANGELES (AP) It's early for many Americans still sloshing through winter to plan their gardens, home improvements and spring sports leagues, but stores gearing up for warmer weather are fretting that they won't have some products to sell due to a labor crisis at West Coast seaports.The critical gateways for international…

Ardian Agrees to Buy JLT's Stake in Siaci St Honoré

Jardine Lloyd Thompson Group plc announced that Ardian has agreed to buy JLT’s 26.2 percent stake in Milestone, the holding company of Siaci St Honoré, JLT’s French associate. This offer extends to all shareholders, JLT said.The transaction will be submitted to Siaci St Honoré’s Works Council, as required under French law…

Retailers fret as products languish on ships, docks at West Coast ports during labor dispute - 2/12/

LOS ANGELES (AP) It's early for many Americans still sloshing through winter to plan their gardens, home improvements and spring sports leagues, but stores gearing up for warmer weather are fretting that they won't have some products to sell due to a labor crisis at West Coast seaports.The critical gateways for international…

Plastics make for grim oceanic future

Careless disposal by Asia's developing economies may cause serious harm to the sea.SAN JOSE, California Each year about 8.8 million tons of plastic ends up in the world oceans, a quantity much higher than previous estimates, according to a new study that tracked marine debris from its source.That’s the equivalent of five…