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Army mates rescued as boat turns turtle

A group of army mates were left huddling together in choppy water after being thrown from their sinking boat off Kapiti Island. The group, from Linton army base near Palmerston North, were preparing to scuba dive for crayfish about 11am yesterday when their runabout was swamped by waves, flipped and capsized about 200 metres off the island.
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Acidic oceans threaten marine life

THE growing acidity in the oceans caused by the soaring increase of carbon dioxide in the atmosphere is irreversible in the short term, posing a serious threat to the marine life. A major report prepared for the UN meeting in Copenhagen warns world leaders that by 2050, the ocean acidity could increase by 150 per cent....
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Japan Delays Decision on Moving U.S. Marine Base

TOKYO -- Prime Minister Yukio Hatoyama's postponement of a decision on relocating an American military base on Okinawa may be the product of domestic political considerations as much as deeply held foreign policy principles, analysts here said on Tuesday. But it promises to put new pressures on Japan's already strained ties with the United States, its closest ally. Read more: http://www.post-gazette.com/pg/09350/1021251-82.stm?cmpid=nationworld.xml#ixzz0ZqBrlgQZ ...
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Aegean Marine Petroleum gets new 100M facility

NEW YORK (AP) -- Aegean Marine Petroleum Network Inc. said Monday that it received a new $100 million secured credit agreement, giving it further capital to work with in a tight credit market....
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Morehead Marine under new ownership

Morehead Marine has a new owner and a new name....
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Orion Marine Group Announces a Contract Award of Approximately $20 Million

HOUSTON, Dec. 15, 2009 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE:ORN - News) (the "Company"), a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $20 million. ...
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Chaplain of the Marine Corps visits Pendleton

Fulfilling his mission to visit all major Marine Corps installations, the Chaplain of the Marine Corps, Rear Adm. Mark L. Tidd, stopped at Camp Pendleton, Dec. 13 and 14. His focus is to gain a better understanding of the Marines and sailors he has been assigned to help, said Tidd....
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American Marine Bank agrees to FDIC overview

American Marine Bank, which revealed potential loan losses of nearly $19 million at the end of the third quarter, announced Tuesday that it has agreed to a consent order with the Federal Deposit Insurance Corp. in an effort to improve its management and lending policies....
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Collision - Damages for Loss of Fixture

The recent decision Court of Appeal in the in the “Front Ace” touched on three distinct areas of law, namely (i) causation, (ii) damages for ...
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Assessing Losses for Late Redelivery

In TRANSFIELD SHIPPING INC v MERCATOR SHIPPING INC [2006] EWHC 3030 (Comm) Mr Justice Clarke heard an appeal by Charterers against a London arbitration award ...
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