Israeli President Reuven Rivlin visited the shipyard in Kiel and toured the ‘INS Rahav’ the fifth submarine due to be delivered to the Israeli Navy. INS Rahav is the fifth submarine expected to arrive in Israel in the coming year. The INS…
Avisar Paz, the chief financial officer of Israel Corp, will take over as the conglomerate's chief executive once its reorganisation is complete, the company said on Monday.Israel Corp is planning to spin off some of its less profitable…
Workers at Israel's state-owned Haifa Port ended their strike on Tuesday, a day after they walked off the job in protest at a government plan to build private, competing ports.A spokesman for the Chamber of Shipping said the port workers…
Conglomerate Israel Corp said on Monday that as part of it plans for a reorganisation, it is possible that Nir Gilad will step down as chief executive officer.'No decision has been taken on the matter,' the company said in a statement without providing provide further details…
Ince & Co’s London and Hamburg business and finance teams worked with global investment banking firm Jefferies LLC in advising a group of major shipowners with vessels on long-term charter to Israeli box line ZIM on its $3 billion restructuring…
Israel Corp shareholders are set to vote on a $3 billion restructuring plan by the conglomerate's shipping offshoot Zim, first set out in January and which has now received a key government go-ahead. An Israel Corp spokesman said shareholders of the group…
TITAN Salvage and the Entire TITAN - Micoperi Project Team Regret the Passing of Israel Moreno, Diver on the Costa Concordia ProjectTITAN Salvage and the entire TITAN - Micoperi project team have been deeply saddened by the loss of Diver Israel Moreno while working on the Costa Concordia wreck…
ZIM Integrated Shipping Ltd. formally introduced a new weekly container shipping service to the Port of New Orleans' Napoleon Avenue Container Terminal. The Caribbean Gulf Express, or CGX service, offers weekly service to Caucedo, Dominican Republic…
'INS Rahav', the Israeli Navy's 5th Dolphin-class submarine, inaugurated at Thyssen-Krupp Marine Systems in Kiel, Germany.The new submarine was unveiled at a special ceremony attended by Commander in Chief of the Israeli Navy Rear Adm. Ram Rothberg…
DSIT, an Acorn Energy Company, secures order for its PointShield™ sonar that provides ship underwater security protection.Israel-based DSIT's PointShield™ PDDS is specifically designed to provide underwater protection for navy ships, private yachts and commercial vessels…
Harvey Gulf International Marine’s CEO, Shane Guidry, announced that, on June 4, 2012, Harvey Gulf signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets. The purchase will include 10 Offshore Supply Vessels…
Rafael develops and manufactures advanced defense systems for the Israel Defense Forces and armed forces around the world, operating from a strong financial foundation resulting from exports to international markets. Rafael is the largest employer in Northern Israel…
Maersk announced a new service between East Med and Central Europe via the Adriatic Sea called Adriatic Levant Express or ALEX. Maersk is deploying two vessels on the new service to offer a solution to the East Mediterranean reefer market with…
1853 - USS Constitution seizes suspected slaver H. N. Gambrill.1931 - Dirigible USS Los Angeles makes 10 hour flight out of NAS Lakehurst, NJ, carrying 207 persons, establishing a new record for the number of passengers carried into the air by a single craft…
Mitsui O.S.K. Lines said it will apply a peak-season bill of lading surcharge for all shipments from Europe and the Mediterranean to Asia for all equipment types. The surcharge, which will become effective from 1 Nov., 2009 and will extend until 31 Dec…