10 Migrants Die, 4,800 Rescued

By MarEx 2015-05-03 16:19:37 About 4,800 migrants were plucked from boats off the coast of Libya over the weekend and 10 bodies were recovered, Italy’s coast guard and navy said, in what looked to be the biggest rescue operation of its kind so far this year. Two weeks after nearly 900 boat people drowned in…

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Saudi Arabia Restructures Oil Giant Aramco

By Reuters 2015-05-02 05:33:45 Saudi Arabia is restructuring the world’s biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm’s length from the powerful oil ministry. Analysts expected technocrats to get a freer hand in running the state-owned giant. Some said the restructuring might be the first step…

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Fame and Glamor in Cunard’s Past

By Wendy Laursen 2015-05-01 19:20:31 Cruise line Cunard is celebrating its 175 anniversary this year. MarEx has gathered photos of the line’s glamorous cruisers of the past. 48 passenger ships have flown the Cunard flag since Britannia established the first scheduled service across the Atlantic in July 1840, and every year since that departure Cunard…

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Cunard Celebrates 175 Years of Innovation

By MarEx 2015-05-01 18:49:50 Cruise line Cunard is celebrating its 175 anniversary this year. Despite Samuel Cunard’s initial brave gamble to establish the company, Cunard mirrored its founder’s natural conservatism and took the view in its early years that innovations should be tackled by its competitors who would resolve any associated risks. Only after the…

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HAL’s Maasdam Adds to Sickness Tally

By Wendy Laursen 2015-05-01 18:09:22 Holland America Line’s cruise ship Maasdam is the latest in a string of cruise ships with passengers suffering in outbreaks of gastrointestinal sickness this year. The U.S. Centers for Disease Control and prevention report that 67 passengers (nearly six percent) and 12 crew members (two percent) have fallen ill on…

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Canada Shrinks “Big” Navy Plans

By Reuters 2015-05-01 17:43:19 Canadian officials said on Friday a C$26.2 billion ($21.5 billion) program to build 15 naval ships could end up below target and over budget, the latest challenge to Canada’s troubled military procurement process. In 2010, the Conservative government announced the program to replace three destroyers and 12 frigates with 15 modern…

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