Iran’s Revolutionary Guards say the US navy fabricated evidence that a convoy of its ships was harassed by Iranian speedboats in Gulf waters on Sunday. The US has released grainy footage, apparently showing small boats speeding near the American warships.
The PUMA brand’s foray into the world of sailing is a huge fillip for the sport and an opportunity for Ken Read to have a serious tilt at winning the Volvo at the first attempt as master and commander of the campaign. Like Ericsson, Read’s PUMA campaign is on a firm footing. Having purchased the [&h
Today, Parker Drilling Company, a U.S. company and worldwide provider of drilling and drilling-related services, reported that in December 2007 a subsidiary paid $26 million in income taxes to the Republic of Kazakhstan pursuant to a previously reported tax assessment. The payment is exclusive of in
All too often new additions to the global luxury motoryacht fleet are described as revolutionary breakthroughs, claims that are justified in terms of size, technology or new heights of splendor. A truly radical shift in thinking is much rarer, however… And the phenomenal new 72.80 meter Feadship Pre
Acts of ocean piracy rose 10 percent in 2007, the first increase for three years, with waters off Nigeria and Somalia topping a list of the world’s most dangerous, a ship piracy watchdog said on Wednesday. The International Maritime Bureau (IMB) said in its yearly report that attacks globally on shi
Muskegon’s harbor is getting harder and harder to navigate into, but one freighter will try again today after getting stuck Tuesday night. The 620-foot Manistee hit bottom outside the Muskegon pierheads at about 10:45 p.m., becoming the fourth cargo ship to do so since the 1,000-foot Indiana Harbor
Lundin Petroleum AB is pleased to announce that as at 1 January 2008 its net proven and probable reserves increased to 184.2 million barrels of oil equivalent (MMboe). This equates to a reserve replacement ratio of 148 percent.
The average daily production was about 2 212 000 barrels of oil, about 316 000 barrels of NGL (Natural Gas Liquids) and about 75 000 barrels of condensate, in total of 2 604 000 barrels liquid.
Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with Superior Offshore International, Inc., a subsea construction and commercial diving services company (‘Superior’), to acquire the Superior Achiever, a T-22 class DP-3 new generation mu
Petrobras has confirmed in writing on 7 January 2008 that SBM Offshore is the winning bidder for the turnkey supply and three year operation of the FPSO P-57. This follows the declaration in December 2007 that SBM Offshore was the lowest bidder in the competitive tender.
Maersk Logistics is pleased to announce that we will be operating as a more independent business unit within the A.P. Moller – Maersk Group’s container activities. This will help us further drive customer satisfaction and sustainable profitability.
Maersk Line, the container shipping division of the A.P. Moller – Maersk Group, announces the details of its new strategy to drive the turnaround of the business and return to sustainable profitability. A long-term strategy comprising four core elements will simplify the company. It builds on the im
Deltamarin and the Brazilian offshore service company Petroserv S.A. have signed an engineering contract for the basic and detail engineering of the ‘Dynamic Producer’ (PIPA II) FPDSO for Brazilian Oilfields under a contract from Petrobras. Deltamarin has been awarded the design contract of the Engi
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell ‘Jag Akshay’, a Panamax dry bulk carrier. The 73,350 dwt vessel, built in 1994 was inducted in the Company’s fleet in March 2007. The vessel is likely to be delivered to the buyers in Q1 FY09.
