Groupama 3, the 32metre trans-oceanic multihull, remains outside Otago harbour tonight, apparently not allowed to enter by port authorities. Sources in Dunedin told Sail-World that Groupama 3 had arrived outside the harbour at around 1630hrs today, Friday, but was prohibited from entering due to con
The construction of a new container terminal by Melford International Terminal Inc. at the Strait of Canso could take business away from the Port of Halifax, says the top labour person on the Halifax waterfront.
After POSCO having expressed its intention to make an independent bid for Daewoo Shipbuilding & Marine Engineering (DSME), concerns have risen that the possible acquisition might hurt “fair competition’’ among shipbuilders. Experts say the acquisition, if realized, is highly likely to prompt the wor
Captain Paul Wright, a Cornishman, is a kind of latter day Henry VIII – a master and commander who moves from one queen to the next in quick succession. He is the first person to command all three Queens in the Cunard fleet – Queen Elizabeth 2, Queen Mary 2 and their ‘younger sister’ Queen […
Genco Shipping & Trading Limited yesterday announced that it has taken delivery of the Genco Constantine, a 180,183 dwt Capesize newbuilding. The Genco Constantine is the fifth vessel to be delivered to the Company under Genco’s previously announced agreement on July 18, 2007 to acquire nine Capesiz
We refer to the fourth quarter report released on February 14, 2008. Frontline Ltd. is trading ex-dividend of a cash dividend of $2.00 per share today February 22, 2008. The record date is February 26, 2008, and the dividend will be paid on or about March 10, 2008.
Japanese Defense Minister Shigeru Ishiba has decided to dismiss Maritime Self-Defense Force (MSDF) Chief of Staff Eiji Yoshikawa over failure to report a ship collision in time on Tuesday, Japanese media reported Friday.
Fourth quarter 2007 net income was $50.2 million, compared to $43.2 million (including a non-cash hedging gain of $6.6 million) for the fourth quarter 2006. Basic and fully-diluted earnings per share (EPS) for the fourth quarter 2007 was $0.59 and $0.58, respectively, compared to $0.51 basic and $0.
Even as the local economy has soured, officials at Port Manatee are anticipating a bright future. On the same day they met to begin discussing future expansion plans, exuberant port leaders announced they had landed a deal to unload about 40 more barges a year from Texas.
More than 5,500 jobs are on their way to the North-East after the Government approved plans for a £300m investment to transform the economic fortunes of the region. Teesport owner PD Ports has won approval for its deep-water container terminal on the River Tees, which will increase the port’s capaci
THE world’s top powerboat racers will roar up the Forth into Queensferry this summer. For the town has been chosen as a port of call in this year’s Round Britain Powerboat Race. The event is guaranteed to be a huge crowdpuller. The high-powered boats will race up the Forth and under the Forth Bridge
Japanese coastguard officers have discovered a rescue motorboat from the Captain Uskov vessel in Japanese territorial waters off the port of Maizuru, the Russian Transportation Ministry said in a statement.
As the liquefied natural gas (LNG) market continues to expand at a phenomenal rate, RasGas Company Limited (RasGas), the Qatar based premium LNG exporter, continues to grow its fleet to meet global demand. This week, RasGas, Teekay Nakilat and J5 name seven Q-Flex LNG carriers that will enter long-t
India’s maritime sector has sought tax breaks and changes in laws in the upcoming federal budget, besides faster disbursement of subsidies and implementation of port projects to help the industry. The Indian National Shipowners’ Association (INSA) has highlighted several issues such as taxes on prof
