On the 6th of September 2007 a contract was signed between Hyundai Heavy Industries in Korea and GlobalSantaFe in Houston for the turnkey supply of a ‘GustoMSC P10,000 Next Generation’ drill ship. The unit will be delivered by the yard in the third quarter of 2010.
Guangzhou has received the go-ahead to begin construction on a big ship-production base that could help advance the southern metropolis’ status as a major Chinese ship producer. The first phase of Longxue Ship Production Base, formally approved by the National Development and Reform Commission early
The Maritime and Port Authority of Singapore (MPA) has awarded a contract to a joint venture comprising Penta Ocean Construction Co Ltd, Koon Construction & Transport Co Pte Ltd, Hyundai Engineering & Construction Co Ltd and Van Oord Dredging and Marine Contractors, to develop 16 new container berth
Technip has been awarded by Murphy West Africa, Ltd. a contract, worth approximately USD 110 million, for the Azurite field development. The Azurite field is located 80 nautical miles offshore the Republic of the Congo, in block “Mer Profonde Sud”, at a water depth of 1,400 meters.
Shell Oil Company announced today final investment decision to begin construction on a 325,000 barrel-per-day (b/d) capacity expansion project at its joint venture Motiva’s refinery in Port Arthur, Texas. The expansion project will increase the refinery’s crude oil throughput capacity to 600,000 b/d
Some of the biggest names in the luxury yacht industry showed their wares as perfect weather fell on perfect tans in Newport Beach for the 2007 Lido Yacht Expo earlier this month. Helium Report was there to get the latest scoop for consumers.
Always more beautiful, always more expensive and always longer, yachts on display at this week’s Monaco Yacht Show (MYS), the biggest mega-yacht show in Europe, are a perfect illustration of the increasingly lavish demands of billionaires.
Northrop Grumman Corporation (NYSE:NOC) is supplying the bridge electronics for a new luxury mega yacht being built at a shipyard in Turkey. The equipment is being supplied by Northrop Grumman’s Sperry Marine business unit, and installed by STT Deniz Ticaret ve Servis Ltd, Sperry Marine’s sales and
Defending champions Alinghi said Thursday they had amended the newly-proposed rules for the next America’s Cup in 2009 in Valencia, Spain, to take into account of criticism made by the challengers. Alinghi and their Swiss yacht club Societe Nautique de Geneve said in a statement that the ‘majority’
Dassault Systèmes, a world leader in 3D and Product Lifecycle Management (PLM) solutions, has announced that Arthur M. Barbeito & Associates, Inc., one of the world’s premier luxury yacht designers, has chosen DS’s CATIA design authoring software as its primary design platform.
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that the company Chairman and Chief Executive Officer, Aristides J. Pittas, will be present
Two superyacht regattas will be run in the Mediterranean next June, one The Superyacht Cup to be staged in Palma from 11-14 June and another in Porto Cervo to celebrate the 25th anniversary of the luxury yacht magazine Boat International. Dates for that event are 23-26 June. Yachting World is planni
Today Prosafe SE was registered in the Cyprus Register of Companies, and the transfer of Prosafe SE’s registered office from Norway to Cyprus is therefore effective from Friday 21 September 2007. (21 Sep 2007)
Maritime Arbitration Association of the United States (MAA) dispute resolution provisions have been added to the California Yacht Brokers Association’s 2008 standard form contracts. Starting in 2008, recreational boaters and yacht brokers in California using CYBA contracts will have the option of re
