Striking seamen blocked Greece’s largest port on Monday as government’s officials raced against the clock for international aid to arrive in time to avert the eurozone’s first debt default in May. Passenger ferries remain moored at the Pireaus port as seamen called a 24-hour strike to protest plans
Debt-laden Dutch builder Royal BAM said it had negotiated new covenants and maturities for its loans with banks, paving the way for its planned 250 million euros ($349.5 million) rights issue. Saddled with debt after suffering heavy loses in the property market, the largest listed construction group
Marsa Al Nejoum Real Estate has unveiled the master plan of its waterfront Nujoom Islands project in Sharjah. The firm is the UAE-based development arm of master developer Al Hanoo Holding.The agreement has been signed with Los Angelesbased design firm Creative Kingdom… [mappress] Source:emiratesbus
Fincantieri has reported net loss of 64 million euro on revenues of 3.3 billion euro for 2009. Revenues were up 11 percent from 2008, according to the shipbuilder, including the U.S. based Fincantieri Marine Group. Fincantieri also reported net operating income of 20 million euro and EBITDA earnings
A £500m cruise ship which postponed its inaugural celebrations to rescue people stranded by the volcanic ash cloud has been named at a rescheduled ceremony. The Celebrity Eclipse returned from Spain on Friday carrying 2,200 tourists whose flights had been cancelled because of the Icelandic eruption.
Subsea 7 has bagged a pipeline contract in the UK sector of the North Sea. The deal is worth in excess of 75 million dollars. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bundle consisting of production, gas lift, methanol and heating pipelines and controls um
Imtech Marine Group has appointed Arjan Kleinveld as Managing Director of Van Berge Henegouwen Installaties (Roelofarendsveen) as per 1 April 2010. Van Berge Henegouwen Installaties is a well known international technology partner in the field of entertainment, IT, communication, security and contro
Titanium Resources Group Ltd is pleased to announce that following the mediation at the end of March, a final settlement has been reached with all remaining insurers in its subsidiary Sierra Rutile Limited’s legal action relating to the capsize of Dredge D2 in July 2008… [mappress] Source:trg,April
UK Prime Minister Gordon Brown, who faces a tough re-election battle in next month’s parliamentary vote, hopes his devotion to clean energy… [mappress] Source: opednews, April 26, 2010;
China (excluding Taiwan) was the world’s largest wind energy market in 2009, more than doubling its wind farm capacity from 12.2 GW in 2008… [mappress] Source: evwind, April 26, 2010;
China (excluding Taiwan) was the world’s largest wind energy market in 2009, more than doubling its wind farm capacity from 12.2 GW in 2008… [mappress] Source: evwind, April 26, 2010;
Governors of six East Coast states, including Massachusetts’ Deval Patrick, are teaming up to support Cape Wind, the controversial wind farm [mappress] Source: Boston Herald, April 24, 2010;
Japan’s Itochu Group has submitted a proposal to Vietnam’s Ministry of Transport in cooperation with Vinalines to develop the Lach Huyen port in Hai Phong. Under the proposal, Itochu will invest US$160m to construct two container berths, with the Vietnamese government investing US$260m… [mappress] S
For generations, the islands of Jamaica Bay, the 26-square-mile natural sanctuary off the Brooklyn and Queens shoreline that is home to hundreds of species of migratory birds and marine life, have been disappearing, victims of environmental neglect. A combination of factors, including development… [
