The newest hovercraft from Neoteric Hovercraft Inc. (Neoteric), the Hovertrek II, will be exclusively powered by Briggs & Stratton's Vanguard BIG BLOCK 40.0 Gross HP EFI - Marine engine.Designed for volunteer rescue departments and recreational hovercraft use…

The head of the Russian navy, Admiral Nikolai Yevmenov, has met with crew members from the sunken missile cruiser Moskva and said they would continue to serve in the navy, the defense ministry said on Saturday. Russia said on Thursday the Moskva sank after an ammunition explosion.

Shipping company Castor Maritime on Monday announced it has lined up time charter contracts for three of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500.

Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime Minister Abdulhamid al-Dbeibah to resign took over the…