Sea World Management & Trading Inc.

Fincantieri Bay Shipbuilding (FBS) says it will upgrade its shipyard equipment and facilities this year as it prepares to assist with work on the Navy’s new guided-missile frigate FFG(X) program.FBS is partnering with its sister shipyard Fincantieri Marinette Marine, who was awarded the $795 million contract for the Navy’s first-in-class frigate April 30, 2020. Building a quality ship in Wisconsin will afford the Navy the opportunity to exercise options on the original contract for nine additional ships and services valued at $5.5 billion. The detailed design work of the first vessel began in May and the start of fabrication is planned for 2021.

Lebanese authorities have arrested 16 people in an investigation into the Beirut port warehouse explosion, state news agency NNA said on Thursday, and a judicial source and local media said the port's general manager was among those being held.NNA did not name the individuals, but quoted Judge Fadi Akiki, a government representative at the military court, as saying authorities had so far questioned more than 18 port and customs officials and others involved in maintenance work at the warehouse."Sixteen people have been taken into custody as part of the investigation," NNA quoted Akiki as saying. He said the investigation was continuing.

In business, as in life, after major anniversary milestones like 60 (Diamond) and 75 (Diamond or Sapphire), it seems that every year after that is worth celebrating. However, 90 years is somewhat in the nether regions of celebrations; certainly, a major achievement after say 75, but not quite the centenary either. However, Robert Allan Ltd. has been an active and growing business now for 90 years and we believe that is worth celebrating in a time when it feels, frankly, that there is not a great deal to celebrate.The family lore has always been that my grandfather, Robert Allan, started his independent career as a consulting naval architect in 1930.

The past few months have been full of uncertainties and even as we look ahead, we don’t know exactly what the future will hold. But we do know that as an industry, we’ll need to prioritize and plan differently. Within the Volvo Penta organization, the team is working hard to understand how to adapt our business as the world around us continues to adjust to a changing economic and societal landscape.As I reflect on what’s transpired since the start of the pandemic, I’m proud of the professionalism and creativity shown by our Volvo Penta team in rising to the challenges.I’ll give you an example.

The devastating explosion in Beirut should be a wake-up call for countries on the dangers of ammonium nitrate, which caused the blast, experts say.Lebanese authorities said 2,750 tonnes of the industrial chemical had been stored for six years at Beirut port without safety measures. That stockpile exploded on Tuesday, killing more than 150 people, injuring thousands and leaving about a quarter of a million people homeless.Commonly used in fertilizers and as an industrial explosive, ammonium nitrate is considered relatively safe if handled properly, but it has proved lethal.