In his report on the accounts for the year ended June 30, 2009, David Moorhouse, CBE, Chairman of Lloyd’s Register, has announced that group income for the period rose by 38 percent to £820 million (US$1.3 billion), due in large part to favourable exchange rate movements year on year.
Jolly Rosso, an Italian flagged roro ship, was attacked by two small skiffs 400 nautical miles east of Mombasa, Kenya, according to EU Maritime Security Centre. The pirates opened fire with automatic fire and also fired three rocket propelled grenades at the ship. The ship took appropriate evasive a
GIANT metal buckets designed and manufactured in the North East and exported to mining and construction companies worldwide are helping a family business to hold its own in the teeth of the recession… Read more: nebusiness
$46.3 million project awaits President Barack Obama’s signature… Read More: Jacksonville News
TWO big coal ventures, rail line development and a liquefied natural gas project are set to prompt massive expansion of the Abbot Point port, an economic development conference in Townsville was told yesterday… Read more: Townsville Bulletin
Germany has indicated its willingness to provide a range of technical assistance to help dredge heavily silted rivers in Bangladesh. Local news sources say the assurance came when German Ambassador Holger Wilfried Michael called on Water Resources Minister Ramesh Chandra Sen at his office earlier th
The European Community (EC) has announced details of a first tranche of transport infrastructure projects aimed at streamlining shipping connections across EU member countries and links with its near neighbours.
A total of 306 piracy incidents were reported to the IMB Piracy Reporting Centre in the first nine months of 2009 – the figures have already surpassed the total number of attacks in 2008 as 293 incidents were reported last year. ”The increase in attacks is directly attributed to heightened piracy ac
Hong Kong-listed Dalian Port has said that it is planning an initial public offering in Shanghai. This would make it China’s first port with a dual listing. The new listing would see the company offer up to 1.2 billion shares, it said in a filing to the Hong Kong Stock Exchange.
The aviation and shipping sectors would be included in global carbon-cutting measures for the first time under a European Union proposal to be tabled at December’s Copenhagen climate conference. Aircraft and ships were left out of the 1997 Kyoto protocol but would have to cut global emissions 10 per
Maersk Line announces revisions to its trans-Atlantic network including removal of the Trans-Atlantic 3 (TA3) service between North America and Northern Europe in an effort to adjust capacity to better suit market demand. “Trading and market conditions on the trans-Atlantic route warrant elimination
Technip has been awarded by Tullow Ghana Limited two lump sum contracts for the development of the Jubilee oil field. This field is located off the coast of Ghana at water depths ranging between 1,200 and 1,700 meters. The first contract comprises the engineering and fabrication of seven 10-inch dia
LCS2 ‘Independence’, the high-speed trimaran combatant ship being constructed by shipbuilder Austal USA, completed a series of builder’s trials on October 18 in the Gulf of Mexico. The trials included more than 50 demonstration events to test the ship and all of its systems in preparation for final
The Oceangoing vessels division of Van der Velden Marine Systems will feature its latest developments at the MARINTEC, which will be held from 1 – 4 December 2009 in Shanghai, China. The booth of Van der Velden is situated at stand number 1E41-9. Highlights of its presentation will include the BARKE
