CMA CGM has reached an agreement with its its financial partners regarding a USD 500 million credit line. “This important step will enable the group to pursue the current talks regarding its debt restructuring and a capital increase planned for the second half of 2010 with the arrival of new investo
Mitsui Engineering & Shipbuilding Co., Ltd. completed and delivered a 110,000 dwt type double hull crude oil tanker M.T. Caribbean Galaxy (MES Hull No. 1713) at its Chiba Works to South Eternity Shipping Inc., Panama, a subsidiary of Nan Fung Shipping Limited., Liberia on December 17, 2009. This is
A cross-Channel ferry to France which has been operating from a Dorset town for the past 17 years will be withdrawn due to declining passenger numbers. Brittany Ferries said the Barfleur ferry between Poole and Cherbourg had been losing money since 2003 and would be taken out of service in the sprin
Aberdeen company Subocean has won tens of millions of pounds of funding to allow it to expand overseas. The private equity arm of Lloyds Banking Group (LDC) has awarded Subocean £17m, with a further £25m coming from HSBC. The company, which is four years old, employs 90 people and has a turnover of
Last week, Jumbo Shipping’s HLV Fairpartner successfully discharged the longest load in Jumbo’s 41-year history of Heavy Lift Shipping. End of October, two tanker barges were loaded on board in Nantong, China. One of the barges, weighing over 1330 tonnes, had a record length of 135 m, the longest pi
Hydraulic backhoe dredger Simson was christened Saturday at the Wilhelmina Quay in Rotterdam. The christening ceremony was performed by Mrs D. van Dam-van der Meer, wife of Mr Bart van Dam, who resigned as managing director of MerweOord (the Van Oord family business) on 1 December last. The Simson i
SBM Offshore announced that a letter of intent has been received from Petrobras for a lease and operate contract of the Company’s existing FPSO Espadarte for a period of 18 years on the Baleia Azul field offshore Brazil. The FPSO Espadarte will be disconnected from its current location at the Espada
KINGSTON, Tenn. — The Tennessee Valley Authority’s top executive says changing the way waste is stored at its power plants should reduce the risk of another disastrous coal ash spill like the one that tarnished a riverside community a year ago. But he isn’t offering any guarantees… Source: Associate
Following an Adjournment Debate at the House of Commons on off-shore dredging, led by Beverley and Holderness MP Graham Stuart, a government minister has answered a series of questions… Source: Graham Stuart, December 18, 2009;
The work will consist of mechanical and hydraulic construction of containment levees requiring deep excavation to minus 70 feet, shoreline protection, and spilbox rehab to increase the capacity of PA 14 and PA 15, and maintenance and… More info: www.fbo.gov;
EPA discusses dredging, bioremediation plans. The city’s toxic lakefront is getting closer to being repaired to make way for redevelopment… Source: Suburban Chicago News, December 19, 2009
SYDNEY (Dow Jones)–Australia’s New South Wales state government said Friday that Hong Kong’s Hutchison Whampoa Ltd. (0013.HK) has been awarded the right to operate the third container terminal at Sydney’s Port Botany, due to be completed in 2012… Source: The Wall Street journal ,December 18, 2009
Despite a recent outburst by business tycoon Harry Jayewardena who controls the blue chip conglomerate Aitken Spence, against its lead Chinese partner in the new Colombo South Harbour project, the group is dispatching its Maritime arm Chairman Parakrama Dissanayake to… Source: Nation on Sunday ,Dece
Ras Al Khaimah is going to open its first dry dock facility within a few months, an official has said. “Al Jazeera Dry Dock is going to be functional by March-April 2010… Source:Emirates Business, December 20, 2009;
