Ameet Desai, Executive Director at Mundra Port & SEZ said, the encouraging response received from investors was attributable to a clear affirmation that the infrastructure sector in India was on a growth curve. He added that the Port-SEZ logistics story that the company was offering was also very co
Rescuers are searching for eight sailors reported missing after a powerful storm hit the Sea of Azov and parts of the Black Sea on Sunday. Russian officials say four ships have sunk, including an oil tanker, and four others are in danger of breaking up.
Keppel AmFELS Inc., the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered its second jackup drilling rig for Scorpion Offshore (Scorpion) on time and within budget. The delivery of Offshore Defender comes just five months after Keppel AmFELS completed its fir
The merger between the oil and gas activities in Norsk Hydro ASA (Hydro) and Statoil ASA was effective on 1 October under the name StatoilHydro ASA (OSE: STL, NYSE: STO). On 29 October, StatoilHydro presented its 3rd quarter 2007 results, excluding the oil and gas activities from Hydro.
The entire crew of the cargo ship that sideswiped a bridge, causing San Francisco Bay’s worst oil spill in nearly two decades, were being held for questioning as part of a criminal investigation, a Coast Guard official said Sunday.
Cargotec’s MacGREGOR business area providing marine cargo handling and offshore solutions, has received significant ship crane orders in October and November from shipyards in Korea and China. 179 ship cranes will be delivered for shipyards during 2009–2011 and the value of the orders is approximate
Based on developments so far in 2007, the Board of Management of dredging company Royal Boskalis Westminster nv expects an increase in the net profit, including the extraordinary items in the first half year of approximately € 20 million, of at least 65% (net profit 2006: € 116.6 million). In August
Scientists are growing increasingly concerned the oil spill in San Francisco Bay could significantly impact wildlife and plants in the region. While the current focus on the oil spill has remained on cleaning up the fuel that spilled from the container ship Cosco Busan, scientists have said the ulti
The two-seaters Hawkes makes are for cruising sea depths, not scenic routes. His San-Francisco-based company, Deep Flight Submersibles, started in the 1970s by building tiny submarines that allowed researchers to inspect the ocean floor. In the past three years, however, a demand for private minisub
To meet the demands of construction sites for both air and electric power Atlas Copco is to introduce its successful HardHat™ range with the option of an auxiliary generator for the Series 7 range of compressors.
A private shipping company would soon be formed with state backing to drive the new shipping line that would link South Africa, India and Brazil, a department of foreign affairs official said on Friday. The company was expected to boost the fast-growing trade between the three countries, said Jerry
DryShips Inc. (NASDAQ: DRYS) today announced that its Board of Directors intends to call a special meeting of shareholders to approve an amendment to the Company’s Articles of Incorporation to increase the Company’s authorized common stock. Upon such approval, the Board intends to conduct a 3:1 spli
Up to 2,000 metric tons of fuel oil have leaked near the Black Sea after a Russian oil tanker split in half. It came apart after it was smashed by 108km/h (67 mph) winds and 5m (16ft) waves in the Kerch Strait between the Azov and Black Seas.
India’s Cabinet approved the development of an offshore container terminal at Mumbai Port as trade expands in line with growth in Asia’s third-biggest economy after Japan and China.
