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Rome and Paris agreed on Wednesday that a proposed combination of Italian shipbuilder Fincantieri and French rival Chantiers de l'Atlantique no longer made sense in the current economic environment.State-owned Fincantieri's bid to take over its French peer, also owned by the state, collapsed three years after it was announced, thwarted by competition issues and the COVID-19 crisis.The agreement is due to expire on Jan. 31 and will not be extended, the Italian industry ministry and the French finance ministry said in a joint statement.
A set of 10 hand-drawn, 16th century maps showing the progress of the Spanish Armada that attacked England in 1588, an event that shaped national identity, will remain in the country after a museum raised 600,000 pounds ($824,000) to buy them.The ink and watercolor maps, thought to be the earliest surviving images of the battles between the fleets of Queen Elizabeth I of England and of Philip II of Spain, had been at risk of export after a private sale last year.The government placed an export bar on the maps in July, citing the “totemic place in English history” held by the events of 1588, when an armada sent by Spain, the dominant European power of the era
New England’s busiest port moves closer to welcoming larger containerships and growing the regional economy with the completion of the second phase of a three-part dredging program last month, nearly one year ahead of schedule.Cashman Dredging and JV partner The Dutra Group began Phase II of the U.S. Army Corps’ Boston Harbor Navigation Improvement Project in July of 2018. The recently completed phase, focused on deepening the main ship channels (the Outer Harbor Channel from 40 to 51 feet, the Main Shipping Channel from 40 to 47 feet, and the Reserve Channel from 40 to 47 feet), Boston Harbor’s Conley Container Terminal, which currently handles 10,000 TEU vessels
Biblia, Inc., Marine Towing and Transportation has ordered a new dry dock to service its fleet tugs and barges.The 500-ton lift capacity floating dry dock was designed by JMS Naval Architects and is currently being built by Conrad Shipyard in Morgan City, La. The new dry dock, which will replace Biblia’s existing dry dock in Savannah, Ga., is 120’ long, 60’ wide, has a 6’ deep pontoon, and 14’ tall wing walls. It will primarily be used for hauling tug boats with a maximum length of 120 feet and draft of 10 feet.
French shipping group CMA CGM said on Wednesday it has reached an agreement with Egypt to operate a future container terminal at the port of Alexandria.Operations at the planned terminal are due to start in 2022, CMA CGM said in a statement.(Reporting by Gus Trompiz Editing by Chris Reese)