Philly Shipyard said it has reached a deal with Avalotis Corporation affiliate  Avalotis Industrial Services (AIS) for the transfer of operations of the shipbuilder’s Prime Plate Facility – a steel blasting and priming facility located outside the shipyard fence-line in the Navy Yard business park.

A significant element of the U.K. government’s levelling up plan to create thousands of jobs, regenerate more deprived areas and attract overseas investors is the introduction of freeports. These special low-tax trading zones allow all kinds of businesses to trade.Under the U.K.

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight week on Friday, pressured by weaker rates across vessel segments.The overall index, which factors in rates for capesize…

Eight migrants were found dead, and around 40 were rescued by the Italian coast guard overnight on a ship off the coast of the island of Lampedusa, Italian media reported on Friday. The rescuers took the survivors to the main port on Lampedusa…