The Toisa Paladin is after mobilisation on her way to Cadiz, after a short stopover taking on board materials and equipment for the Allseas construction support on the Dhirubhai project , she will move further towards India. Other stopovers will take place in Malta and Port Said. In India, her scope
Container shipping leader APL has today announced a reduction in capacity and significant changes to its global service network in response to increasingly challenging conditions in the major container trades. Commenting on the changes, APL President Eng Aik Meng said: “The traditional seasonal soft
The executive committee of Euronav NV (EURONEXT BRUSSELS: EURN) today reported its financial results for the three months ended 30th September 2008. The company had a net income of USD 158 million (third quarter 2007: USD -23.3 million) or USD 3.05 (third quarter 2007: USD -0.44) per share, for the
The Kingston Container Terminal recently was recognized as Best Container Terminal of the Year by the Caribbean Shipping Association. APM Terminals Jamaica Ltd. manages the terminal, which is owned by the Port Authority of Jamaica and handled 1.8 million TEUs in 2007. “We are grateful for this recog
APM Terminals will mark the occasion of its second “Global Safety Day” on October 22nd by introducing a comprehensive world-wide safety culture program for all terminal personnel. The goal of the new program will be to instill a “culture of safety” and the adoption of best-practice procedures into t
Four people were due in court on Monday charged with trying to smuggle cocaine worth 1.2 million pounds aboard one of P&O’s biggest cruise liners. They were arrested on the Arcadia, an 11-deck boat with room for nearly 2,000 passengers, during a raid in Southampton early on Sunday.
Bollinger Shipyards Inc. has filed a $12 million lawsuit against the shipbuilding arm of defense giant Northrop Grumman Corp. in a dispute involving the renovation of Coast Guard cutters that were later taken out of service. Lockport, La.-based Bollinger had a joint venture with Northrop Grumman Shi
T R Baalu, minister of shipping, road transport and highways, has circulated a cabinet note towards this end for comments from various ministries.The note spells out that the revised subsidy scheme would be on the pattern of the previous one, which had expired on August 14, 2007. The scheme provides
A two-way competition is poised to heat up between Hyundai Heavy Industries Co. and Hanwha Group for the acquisition of Daewoo Shipbuilding & Marine Engineering Co., with a final winner likely to be selected next week, watchers said Friday State-run Korea Development Bank, which is arranging the sal
Keppel FELS Limited (Keppel FELS) has delivered the jackup drilling rig, Deep Driller 6, to Sinvest AS (Sinvest), a subsidiary of Aban Singapore Pte Ltd (ASPL) on time and within budget. Deep Driller 6 is the fourth unit to be delivered in a series of five KFELS Super B Class rigs built for Sinvest.
Ship propulsion and power systems to maximize fuel efficiency, reliability Zurich, Switzerland, Oct. 16, 2008 – ABB,the leading power and automation technology group, has won orders worth a total of $75 million to supply propulsion, power-generation and power-distribution systems for several new ves
Panamanian President Martín Torrijos announced the final financing structure for the historic Panama Canal Expansion Program. Five major multilateral agencies from Europe, Asia and Latin America offered to finance the Canal expansion project. The Panama Canal Authority, after months of extensive neg
The Marine Agency of Dubai’s Roads & Transport Authority (RTA) has chosen a Damen Shipyards, Holland, design for the $50 million Ferry Dubai project initially planned to carry three million passengers a year from Dubai Creek to the city’s offshore islands such as Nakheel’s The World and the Palm Tri
Austal has been awarded the 2008 Advanced Manufacturer of the Year at the inaugural AMTIL Advanced Manufacturing Awards, held in Melbourne recently. The Advanced Manufacturing Awards recognise Australian companies that incorporate leading edge practices, technologies and organisational cultures to s
