Globus Maritime Limited, a marine transportation company that owns and operates Handymax and Panamax dry bulk ocean-going vessels, today announces that it has entered into a new time charter agreement with Korea Line Corporation, at a gross rate of US$66,000 per day, for a minimum of 24 to a maximum
Rakeen, one of the region’s most dynamic property developers and master planners, has announced that Al Marjan Island, a USD 1.8 billion man-made island development off the coast of Ras Al Khaimah, UAE, will be launched during Cityscape Dubai 2007 at the Dubai International Exhibition Centre from Oc
CMA CGM is pleased to announce the launch of a new line providing regular container shipping service between Dakar and Ziguinchor. At least once weekly, a 3,500-ton vessel, the ANAMCARA 3, will be transporting containers, trailers, trucks and various goods between Dakar and Ziguinchor. Transit time
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and a provider of seaborne transportation for drybulk and containerized cargoes, announced today that it has declared a dividend of $0.29 per common share for the third quarter of 2007. The dividend is payable on November
Christensen Shipyards, the foremost builder of high quality certified composite motor yachts completes the re-sale of hull 032 to Mr. John Staluppi. Henry Luken co-owner in Christensen has sold hull 032 and has purchased hull 036. Hull 032 is currently under construction and will be delivered in Lat
Piracy attacks on shipping have increased by 14% in the first three quarters of this year, a report by the International Maritime Bureau says. The increase is in large part because of a jump in incidents off the west and east coasts of Africa – with Somalia again a key source of concern.
GeoPetro Resources Company today announced that its 12% owned Indonesian subsidiary Continental-GeoPetro (Bengara-II) Ltd. (‘CGB2’) has commenced drilling on the Punga #1 exploration well. The Punga #1 is the fourth well to be drilled as part of the 2007 drilling program for the Bengara-II Block, on
The State-owned Saigon Port (SP) and the Port of Singapore Authority (PSA) began construction on an international container terminal in the southern coast province of Ba Ria-Vung Tau last Friday. The joint venture (JV), the SP-PSA International Port, will serve Vietnam’s rapidly growing container tr
PD Ports has won a top award for its plans for a £300m deep sea container terminal on Teesside, which could create up to 5,500 jobs. The Middlesbrough-based group took the prestigious Chartered Institute of Logistics and Transport award in the category of Transport, Policy and Planning.
The first mega container carrier that Iran has ordered will join the country’s container fleet in five months, says a shipping official. ‘The first container carrier will enter the fleet of the Islamic Republic of Iran with a stowage capacity of 6,500 TEU containers in the next five months,’
The ‘Yantar’ shipyard in Kaliningrad has completed the construction of the ‘Sprut’ specialized coast guard vessel. The ship, which is to help monitor environmental legislation at sea, will serve in the waters outside Murmansk.
Bharati Shipyard on Tuesday said it has signed an agreement with Kolkata-based Apeejay Shipping to form a joint venture for setting up a ship building yard along the eastern coast of the country.
Technip has awarded STX Heavy Industries (Korea) a contract for the construction of its new pipelay vessel. This 194m-long vessel will have twin 2,800 ton reels. She will have a top tension capacity of 450 tons for laying rigid steel pipes and flexible products up to 18″ in diameter through a dedica
Q – the first StatoilHydro-operated deepwater field in the US Gulf of Mexico – started producing on 11 October. Q is located in Mississippi Canyon block 961. The natural gas field is developed as a subsea tieback to the Anadarko-operated Independence Hub facility in the eastern US Gulf of Mexico. St
