A.A. TURKI CORPORATION (ATCO)

MV Kaami, a general cargo vessel salvaged six miles off the northwest coast of Skye, Scotland after running aground in March, has been dismantled and recycled in Kishorn.Built in 1994, the 89.8-meter vessel, owned by Norway’s Misje Rederi, was sailing under the flag of Bahamas when it ran aground on March 23 this year. It was refloated by Resolve Marine Group and towed to Kishorn Port and Dry Dock on the northwest coast of Scotland.Highlands and Islands Enterprise (HIE) has invested more than £700,000 ($878,500) in Kishorn in recent years, along with support from the Decommissioning Fund, to add to the significant investment made by Kishorn Port Limited (KPL) and its partners

President Donald Trump says the U.S. is hashing out a plan to acquire up to 10 additional polar icebreakers for the U.S. Coast Guard.Trump, who over the yeas has emphasized his administration's commitment to growing the Coast Guard's icebreaker fleet, outlined the new plans in vague terms within remarks delivered at Southern Command headquarters in Doral, Fla., Friday.The President did not specify how the icebreakers would be obtained, or whether the vessels would be newbuilds, purchased secondhand or leased, but he said his administration is working toward a deal with "a certain place that has a lot of icebreakers" to acquire the vessels quickly and at a substantially lower cost.

Singapore has maintained its position as the world's top shipping hub for the seventh year straight, according to a report published by the Baltic Exchange and Chinese state news agency Xinhua.The Xinhua-Baltic International Shipping Center Development (ISCD) Index, now in its seventh edition, assesses factors including port throughput and infrastructure; depth and breadth of professional maritime support services; as well as the general business environment in its attempt to provide an independent ranking of the performance of the world’s largest cities that offer port and shipping business services.

The United States on Monday rejected China’s disputed claims to offshore resources in most of the South China Sea, a move that Beijing criticized as inciting tensions in the region and which highlighted an increasingly testy relationship.China has offered no coherent legal basis for its ambitions in the South China Sea and for years has been using intimidation against other Southeast Asian coastal states, U.S. Secretary of State Mike Pompeo said in a statement.“We are making clear: Beijing’s claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them,” said Pompeo

Bellingham, Wash. aluminum boat builder All American Marine, Inc. (AAM) said it launched Orca II, the second of two 78-foot aluminum catamarans for Seattle-based customer Great Western Attractions (GWA), who will operate the passenger excursion vessels in Puget Sound.Designed by Teknicraft in Auckland New Zealand, these identical USCG Subchapter T certified vessels were constructed at AAM’s 57,000-square-foot facility on Bellingham Bay. The vessels will be a part of GWA’s multifaceted tourism experience based in downtown Seattle. The first vessel was launched in May.