Aberdeen based Ashtead Technology Rentals Ltd, a leading high-technology offshore rental equipment supplier, has announced a management buy-out from Ashtead Group in a deal worth £95.6 million. Backed by private equity firm, Phoenix Equity Partners, the buy out, led by Andy Doggett, Managing Directo
The hunt is on for an all girls crew to take part in the Spice Race. The selected girls team will race Concise against other Class 40’s and IRC yachts in the inaugural event, which starts on 15 November from the Royal Yacht Squadron Line and covers a distance of 4321 nautical miles to Grenada, [&hel
We are sad to report the death of Owen Parker, one of the best known yachtsmen of his generation. Parker was one of Ted Heath’s regular crew on the series of Morning Clouds and recently attended the re-launch of Morning Cloud II, now Opposition, after her restoration by her original builder, Clare L
Thomas Coville crossed the official start line for the single-handed North Atlantic record attempt today, Wednesday 9th July at 07:47 local time, 11:47 UT. The 32m maxi trimaran set off in a 16 knot southwesterly air flow which is set to fill rapidly to around 20 knots. “I am really keen to set off,
News – July 10, 2008 The Dutch authorities have finally agreed to the deepening of the Scheldt River, which means good news for the Belgian port of Antwerp. In recent days, the lower house of Parliament in the Netherlands has finally agreed to the deepening of the River Scheldt. The four Scheldt tre
News – July 10, 2008 A joint venture of Dredging International and Boskalis Westminster Middle East has been awarded a contract by the leading development company Nakheel for the construction and expansion of Port Rashid in Dubai. The JV will execute the works in a 50/50 partnership. Dredging Intern
Contracts & Tenders – July 10, 2008 The US Army Corps of Engineers has approved a US$742,000 contract with Luedtke Engineering to dredge the Buffalo River. The work is part of a routine, biannual maintenance programme for the federal navigation channel, and will see the channel dredged to a depth of
Contracts & Tenders – July 10, 2008 MCJ Ref No: 643E19 Tender Ref No: 2008-162527 Project Stage: Tenders Invited Area: Bodø, Norway Value: Estimated excluding VAT: 45,000,000 NOK Project Period: Starting: 14.10.2008. Completion: 15.9.2009 Promoter: Bodø kommune, kommunalteknisk kontor, Herredshuset,
Legislation Would Exempt Containerized Coastwise Shipping from the Harbor Maintenance Tax CHARLOTTE, N.C., July 9 /PRNewswire-FirstCall/ — Charles G. (Chuck) Raymond, Chairman, President & CEO of Horizon Lines, Inc. (NYSE: HRZ – News), the nation’s leading domestic container shipping and integrated
SEATTLE, July 9 /PRNewswire/ — Considered a leader in Alaska tourism with more than 60 years experience in the region, Holland America Line’s 2009 Alaska cruise lineup includes eight ships sailing three different itineraries with 158 total departures. The premium line’s three major cruising itinerar
HAMILTON, BERMUDA–(MARKET WIRE)–Jul 9, 2008 — Teekay Corporation (Teekay) (NYSE:TK – News) today announced that it has, through its wholly owned subsidiary, TPO Investments AS (TPO Investments), exercised its right to effect the compulsory acquisition pursuant to Section 4-25 of the Norwegian Public
MIAMI, FL–(MARKET WIRE)–Jul 9, 2008 — Golden Dragon Holdings, Inc. (Other OTC:GDHI.PK – News) has signed a commercial shipping and logistic contract with CMA CGM Group.
HOUSTON, July 8, 2008 (PRIME NEWSWIRE) — Transocean Inc. (NYSE:RIG) today announced that its deepwater drillship Deepwater Pathfinder, a single-activity rig capable of drilling in water depths up to 10,000 feet, has been awarded a five-year contract by a subsidiary of Eni for drilling operations pri
A compressor module of the size of a medium block of flats and a total weight of 1,300 tonnes, will be lifted on board the Sleipner B platform in July. This is the heaviest lift StatoilHydro is carrying out this year. The compressor module for Sleipner B is being transported to the harbour in Hauges
