The company had a result of USD – 23.3 million (2006: USD 53.8 million) or USD -0.44 (2006: USD 1.02) per share, for the three months ended 30th September 2007. EBITDA was USD 43.8 million (2006: USD 110.5 million).
Diana Shipping Inc. , a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with C Transport Panamax Ltd., of Monaco, for one of its Panamax dry bulk carriers, the Erato, at a gross rate of US$80,300 per day
The Rolex Middle Sea Race 2007 just refuses to draw to a close. This exceptional race that has witnessed many different stories of success and misfortune has almost taken on a life of its own. Windsong (GBR), Nord Star (RUS) and Muzyka (ITA) all finished last night between 2AM and 2.50AM. This leave
The Board of directors of ZIM approved this week the purchase 8 ships of 12,600 TEU with an option to buy one more. The ships will be built in Korea and will be delivered at the beginning of 2012. The cost of each ship is of about $170 Millions
Mercon Steel Structures and Van Oord Nederland are proposing the ‘Double Decker’ as an alternative solution to the traffic flow problems along the A27 motorway at Gorinchem, the Netherlands. Four possible solutions have been described in the initial policy document concerning the A27 Lunetten – Hooi
Those wanting to spice up their festive season by competing in Australia’s best known offshore yacht race have less than one week to submit an application for entry.
Konecranes has signed two contracts to supply container handling cranes to the cargo terminal OJSC Petrolesport (PLP) in St. Petersburg, Russia. One of the orders comprises two ship-to-shore (STS) cranes and the other six RTG (rubber tyred gantry) cranes. The cranes will be delivered in mid-2008. Th
Following a European bid tender, BOURBON is announcing its order for two high-tech Multi Purpose Supply Vessels (MPSV) from Socarenam, the French shipyard based in Boulogne-sur-Mer. The design of these vessels is based on a concept established by Marine Assistance, and will be developed by the consu
Talks have been scheduled over the collapse of a multi-million pound project to expand Irish Sea ferry port facilities in south west Scotland. Stena Line had planned to move out of Stranraer and share a new terminal with P&O at its site in nearby Cairnryan.
Wärtsilä’s new high-performance LJX waterjets outperformed promises during construction and sea trials. In mid 2006 Wärtsilä Corporation introduced the new, efficient and compact LJX axial water jets for the propulsion of fast vessels with promises of a 25% reduction in transom mounting flange diame
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that the wholly owned subsidiary Lundin Norway AS (Lundin Norway), operator of production licence 338, (PL 338) offshore Norway, has concluded the exploration well 16/1-8.
Golden Ocean Group Limited has agreed to get released from the bare boat agreements for the two 1994 built Panamax vessels ‘M/V Golden Jade’ and ‘M/V Golden Jasmine’ against purchasing the vessels for $14.5 million per vessel. Simultaneously the Company has agreed to sell the two vessels for net sal
Lundin Norway AS, operator of production licence 338 in the Norwegian North Sea, has finalized the drilling of exploration well 16/1-8. The well is located 28 kilometer east of the Gudrun Field. The purpose of the well was to prove hydrocarbons in sediments of Jurassic age in a prospect called Luno.
As one of the world’s largest boat shows begins in Fort Lauderdale, demand is intense for ever bigger and fancier superyachts — despite the sluggish economy. She couldn’t make the Monaco boat show last month. She was otherwise engaged, cruising the Greek Isles. But the Kismet is at the Fort Lauderda
