Stagecoach founder Brian Souter has made a personal investment of £9.5m for a significant minority stake in luxury motor yacht manufacturer Sunseeker International. A spokesman for Souter, who is playing a leading role in the recapitalisation of Sunseeker, yesterday highlighted the Scottish entrepre
Enterprise Cape Breton Corp. has shut the door on any chance the federal government will provide funding for the Sydney harbour dredging… [mappress] Source: capebretonpost, June 3, 2010;
A cruise ship has been detained for the second time for safety reasons. The Maritime and Coastguard Agency (MCA) detained the Italian-flagged ship Vistamar after an inspection at Belfast docks on Wednesday found faults including broken or missing fire doors.
The 22nd edition of Posidonia 2010, the world’s most prestigious shipping trade event, opens its doors next week on the back of renewed confidence in the state of Greek maritime affairs as outlined in a recent Union of Greek Shipowners (UGS) statement. According to UGS, Greece’s foreign exchange ear
HitecVision, Europe’s largest equity investor focusing exclusively on the oil and gas industry, announced today that it has accepted commitments of USD 420 million for its new fund, HitecVision Asset Solutions, exceeding the original USD 320 million target. The fundraising had strong support from ex
The International Chamber of Shipping (ICS) has expressed full support on the maintenance and further development of high standards for ship construction. ICS welcomes the decision by governments at the IMO Maritime Safety Committee to adopt amendments to the SOLAS Convention implementing the new “G
DP World Southampton is upgrading its shipside capabilities by deepening its container berths and purchasing further ship to shore cranes. Once the dredging works are completed later this year the depth for berths 205, 206 and 207 will be 14.0m, 14.6m and 15m respectively. These deeper berths will p
The Danish Maritime Authority has become the project leader on a study of the possibilities to establish LNG filling stations for short sea shipping. As part of the EU Strategy for the Baltic Sea Region, efforts are being made for ships to get far easier access to the environmentally friendly fuel l
Work on the second phase of Fremantle Ports’ $250-million harbour deepening project will start next month, when more than one million cubic… [mappress] Source: news.yahoo, June 3, 2010;
A general cargo terminal has been unveiled at the Port of Salalah in Oman, adjacent to existing and planned petrochemical sites at the nearby Salalah Free Zone. Local and international tenders were floated last week to build both the general cargo terminal and a liquid jetty, involving the construct
To boost Singapore’s attractiveness as a transhipment hub port, the Maritime and Port Authority of Singapore (MPA) will extend the 20 percent port dues concession for container ships calling at Singapore for another two years from July 1, 2010 to June 30, 2012.
Farstad Shipping has been awarded the following charter contracts: AHTS Lady Caroline (2003, UT 712, 13.200 BHP) has been awarded a 12 months contract for Woodside, Australia, commencing in May 2010 with 2 x 1 year options. Woodside has extended the contract for AHTS Far Strait (2006, UT 712L, 15.90
The Pasig River Rehabilitation Commission (PRRC) has assured the public that the ongoing Pasig River Dredging Project has complied with all… [mappress] Source: mb, June 3, 2010;
AWE Limited advises that at 0600 hours today, the Tui SW-2 well was preparing to run the BOP’s (Blow Out Preventers). This has been delayed because necessary repairs were held up by bad weather over the last week. After the BOP’s are operational, the forward plan is to drill ahead in 8-1/2” hole fro
