The lives of three UK fishermen have been saved thanks to the RNLI’s new and unique MOB Guardian man overboard and vessel locater alert system. This is the first time that the system has demonstrated its full effectiveness in helping to save lives in a real emergency situation. The RNLI Operations R
Somali pirates have demanded a ransom for the release of a German couple kidnapped from a yacht sailing in the Gulf of Aden, making this the first instance of a small cruising yacht’s non-professional crew being held hostage. Up to 100 small yachts make the Red Sea transit each year, most with short
JEFFERSONVILLE, Ind., June 26 /PRNewswire-FirstCall/ — American Commercial Lines Inc. (Nasdaq: ACLI – News; “ACL” or the “Company”) announced today that it has obtained the necessary approvals from its bank lending group to secure an amendment to its revolving credit facility (the “Credit Agreement”
From sculptures to paintings, wide range featured throughout ship SEATTLE, June 26 /PRNewswire/ — From the Dutch Golden Age to dramatic sculpture, the new ms Eurodam will showcase a stunning range of artistic works. The 2,104-guest liner — Holland America Line’s first Signature-class ship — honors t
September Event Showcases San Diego as Yachting Destination SAN DIEGO–(BUSINESS WIRE)–Recognized as the West Coast’s premier boutique yacht show, YachtFest ‘08 will open the international yacht show season at San Diego’s Shelter Island for the ninth straight year, from September 11-14.
By Katie Hunt Business reporter, BBC News, Portsmouth Super-yachts are the ultimate status symbol Wanted: crew for luxury super-yacht. Travel to some of the world’s most glamorous destinations with free board and lodging and an attractive tax-free salary of between 2,000 euros (£1,600) and 10,000 eu
Sweden’s PA Resources has stepped into a bigger financial league with the move from Norway’s Mid Cap to Large Cap market on the Nordic Stock Exchange. “The step from Mid Cap to Large Cap is indeed an important and exciting milestone in PA Resources development,” commented PA president Ulrik Jansson.
Statoil Hydro has completed drilling its North Sea exploration well on the Osberg South area with the 30/9-21A sidetrack well but results indicate that the hydrocarbon accumulation is non-commercial. According to the Norwegian Petroleum Directorate today the 30/9-21A well in PL104 found hydrocarbons
News – June 26, 2008 The Technical Papers Committee of CEDA has decided that the theme for the Dredging Days 2009 conference will be: “Dredging tools for the future”. The conference and the accompanying technical exhibition will take place 5-6 November 2009 in Rotterdam. The day before, on 4 Novembe
Company News – June 26, 2008 Sources in the Indian press say the private equity arm of IDFC has invested Rs 1.20 billion from its IDFC PE Fund II in shipping and logistics service provider Seaways Group. One source, Business Standard, said the money will be utilized to fund the expansion of Seaway’s
Project Updates – June 26, 2008 The biggest infrastructure project ever undertaken on an Irish island got under way earlier this week. At a cost of €40m, the redevelopment of the port on Inis Mor – the largest of the three Aran Islands – is also the biggest single project ever funded by the Departme
News – June 26, 2008 Governor Edward G Rendell has hailed the signing of a historic agreement that will officially begin a five-year, US$379 million project to deepen the Delaware River’s shipping channel, calling it a major milestone in ongoing efforts to expand commerce and enhance economic develo
Transocean Inc. (NYSE:RIG) today announced that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocea
Production on the Oseberg field centre, Oseberg South, Oseberg East and Tune has resumed after the small fire in a switchboard room on the Field Centre on 15 June. The field centre and the three other fields associated with the field centre’s processing plant have been shut down during the cleaning
