Paragon Shipping Inc. announced today that it took delivery of its tenth drybulk carrier, the Coral Seas, on November 21, 2007. This 74,477 dwt 2006-built Panamax vessel has been chartered to Bunge S.A. pursuant to a time charter with a remaining period of approximately 23 to 25 months at a rate of
Apache Corporation said today that it has been awarded rights to explore the Lenga and Rusfin blocks on the island of Tierra del Fuego in the Chilean government’s Magallanes Basin bid round. Located along Chile’s border with Argentina, the two blocks add 1 million acres adjacent to Apache’s 714,000
China Shipping Container Line (CSCL), a unit of state-owned China Shipping (Group) Co., has shifted its Asia-Middle East-America service to DP World UAE region’s new container terminal at the Jebel Ali port.
The Superyacht Show in Hall 7 and 7a will feature 110 leadingrepresentatives of this exclusive business — shipyards, engineers, designersand industry-specific equipment suppliers. Among them will be country groupexhibits from Germany, France and the Middle East. The Dutch superyachtbuilders will set
Sunseeker International announces the official launch of the new 86 Yacht at the Collins Stewart London Boat Show at ExCeL. The introduction of the new 86 Yacht alongside Sunseeker’s new 34 Metre Yacht highlights the company’s impressive product development programme which has produced 6 new models
Wärtsilä has achieved Tier 2 marine certification under the emissions control legislation of the US EPA (United States Environmental Protection Agency) for the Wärtsilä 26, in-line marine diesel engine type. This is the latest step in Wärtsilä’s continuing, proactive development of its engines for l
A company associated with some of Australia’s most controversial construction works has been awarded the $1 billion contract to expand Sydney’s Port Botany. Baulderstone Hornibrook, which had charge of projects including the Sydney Cross City Tunnel, Sydney’s M5 East Motorway and the Sydney Airport
Van der Velden Marine Systems has announced the appointment of a new agent for the company’s Yachting division in Italy. Navaltecnica managing director Sergio de Iudicibus signed the contract at METS 2007. Based in Rome, Navaltecnica will serve and support customers buying Van der Velden manoeuvring
Subsea 7 Inc, one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract by BP Norge AS for general subsea construction works in the Skarv and Idun fields in the Northern North Sea. The contract is valued in excess of US $140 million
StatoilHydro has today, on behalf of the Morvin license group, awarded Aker Kvaerner a contract for the engineering, procurement and construction (EPC) of a complete subsea production system for StatoilHydro’s Morvin field in the Norwegian Sea. The contract, worth approximately NOK 1 billion, is a t
Total announces that phase 1 of the Sisi-Nubi gas fields offshore East Kalimantan in Indonesia has come on stream. Lying roughly 25 kilometres from the Mahakam Delta in 60 to 90 metres water depths, the two fields are located in the Total-operated Mahakam and Tengah blocks.
Technip and Wieland announced today that they have entered into an agreement to jointly market innovative enhanced heat transfer solutions for liquefied natural gas (LNG) and ethylene plants. Developed jointly by Technip and Wieland, these solutions provide improved energy efficiency through an incr
The US has formally protested to China over its refusal to allow a number of US ships to dock in Hong Kong. The ships had been scheduled to dock for Thanksgiving, and hundreds of family members had flown out to greet the 8,000 sailors on board.
China has said US navy ships were not turned away from Hong Kong because of a misunderstanding, but because the US had “harmed” relations with China. A Chinese foreign ministry spokesman said US arms sales to Taiwan and Washington’s award of a medal to the Dalai Lama had damaged relations.
