Oceanaut, Inc. announced yesterday that it has entered into definitive agreements pursuant to which it has agreed to purchase, for an aggregate purchase price of $700 million in cash, nine dry bulk carriers including five newbuildings, from companies associated with members of the Restis family.
South Korea’s Samsung Heavy Industries said Tuesday it had won a 1.4 billion dollar order to build eight container vessels for an Israeli buyer. The 12,000-TEU (Twenty-Feet Equivalent Unit) ships will be delivered to Israel’s Zim Line by July 2012, the South Korean shipyard said in a statement.
China Shipping Container Lines Co aims to list in Shanghai by the end of this year to fund its purchase of container assets from its parent and to expand its fleet by 44 percent over the next few years, sending its shares to a record high.
Singapore Petroleum Company Limited (SPC) has according to the requirements of the Australian Corporations Act 2001, notified the Australian Securities Exchange (ASX) that SPC has increased its shareholding in Cue Energy Resources Limited (Cue Energy) to approximately 9.50%. This follows SPC’s earli
F-Diamond is the official after-party venue for the China Cup International Regatta 2007. Fashion TV announced today that their F-Diamond megayacht (452.8ft) will be the venue of the official China Cup International Regatta After-Party, scheduled for Sunday 21 October in Shenzhen, the first F-Diamon
ENSCO International Incorporated (NYSE: ESV) announced today that its Contract Status of Offshore Rig Fleet Report has been updated as of October 15, 2007. The Report is available on the Company’s website at https://www.enscous.com and can be accessed from the home page by clicking on “Rig Contract
LR-Fairplay’s Daily Newbuilding News reports that Nantong Gangzha shipyard in China has been awarded a contract for two 3,500m3 dredgers from Shanghai Port Bureau.
Todd Shipyards Corporation announced today that the U.S. Coast Guard has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation, a $3,443,681 modification to previously awarded contract HSCG85-05-C-625306 in support of repairs and alterations performed during the dockside availab
Tidewater Inc. announced today that fiscal second quarter financial results for the three months ended September 30, 2007, are estimated to be between $1.54 – $1.57 on a fully diluted per share basis. The Thomson First Call consensus estimate is currently $1.71 per share. The Company reported fully
Hornbeck Offshore Services, Inc. announced today that it will release its third quarter 2007 financial results at approximately 6:00 a.m. Eastern on Thursday, November 1, 2007.
At close of entries, the 28th edition of the Rolex Middle Sea Race has attracted sixty-nine yachts, one more than started in 2006 and, if they all hit the start line this coming Saturday, the race will have set a new record entry level albeit only just. Perhaps most worrying for the organisers, the
Total announces the start-up of a new polypropylene production line at its Daesan plant in South Korea, in which it owns a 50% interest in partnership with Samsung. Part of the important expansion project of the site launched in October 2005, the new unit, with a capacity of 300,000 tons per year, w
With a Force 6-7 Gregale (described as ‘moderate winds’ on the local weather websites) blowing through the islands overnight and showing no signs of abating during the day, the Royal Malta Yacht Club was forced to cancel the first of two coastal races scheduled as warm ups for the main event – the R
Piracy and armed robbery attacks against ships rose 14% in the first nine months of the year compared to the same period in 2006, the second consecutive quarterly increase in attacks, as the coastal waters off Nigeria and Somalia became ever more dangerous, the International Maritime Bureau (IMB) re
