For boat manufacturers, the yachting market of the future is China, where luxury sailing yachts and motorboats are becoming the ultimate accessory of the super-rich. New marinas are being developed, and the government is promoting sailing ahead of next year’s Olympics. Claudia Blume reports from Hon
Herewith we announce that effective from 2 January 2008 the Damen Shipyards Group has purchased 49% of the shares of Albwardy Marine Engineering (AME), Dubai, United Arab Emirates (www.albwardymarine.com).
Herewith we announce that effective from 27 December 2007 the Damen Shipyards Group has purchased the premises and operations of FarOcean Marine, Cape Town, South Africa (www.faroceanmarine.com).
South Korea’s Hyundai Mipo Dockyard Co Ltd said on Friday it had won a 432.8 billion won ($461.7 million) order to build ten product carriers from an unidentified Asian company.
Cargotec Corporation will publish its financial statements release for the accounting period January 1–December 31, 2007 on Thursday, January 31, 2008 at 8.00 a.m. Finnish time (GMT +2). The financial statements release will be available after publishing on the Company’s internet pages at www.cargot
Jumeirah Private Island Phuket, one of Asia Pacific’s most exclusive developments, is scheduled for completion in 2009. The luxury project will also be home to an elite mega yacht marina and the invitation-only Jumeirah Private Island Yacht Club.
FIJI stands to lose millions of dollars in revenue as a result of the reduced length of stay for yachts. In his 2008 National Budget address, interim Finance Minister, Mahendra Chaudhry said the length of stay would be shortened. This has already started having a negative impact on one company that
The Port of Corpus Christi’s plans for a container terminal moved a step closer to reality on Thursday. This week, the Port began seeking private partners to build and operate the La Quinta Trade Gateway Terminal on 1100 acres between Portland and Ingleside.
A study carried out by the Economática consultancy firm ranked Petrobras as the company with the highest market value in Latin America.
OceanFreight Inc., a global provider of seaborne transportation services announced the acquisition of its eleventh vessel. The Company announced it has agreed to acquire a 1996 built 149,085 dwt double-hull Suezmax tanker from interests associated with George Economou for $65 million, thereby expand
An emergency operation is under way to stabilise a chemical tanker in Weymouth Harbour in Dorset. The 41,766-tonne Norwegian tanker ‘Mariella’ is dragging its anchor in 45-knot winds.
Dubai Drydocks World, the shipbuilding arm of state investor Dubai World, is eyeing yards in China, India and Vietnam, to expand capacity in the hot business of rig building with oil at records near $100 a barrel.
South Korean shipbuilder C&Heavy Industries Co said on Thursday it had won a 99.5 billion won ($106.2 million) order for two bulk ships from an unidentified European company.
South Korea’s Posco is interested in acquiring Daewoo Shipbuilding & Marine Engineering but no decision has been made yet, Posco Chief Executive Lee Ku-Taek said Thursday.
