Statoil has signed a letter of intent with SEB Venture Capital for the purchase of a 42.5% interest in UAB Mestilla. Mestilla is building the biggest biodiesel factory in the Baltic states. Owners of Lithuanian agricultural company Linas Agro will be the other shareholder, with a 57.5% stake.
Total today announces that it has reached an agreement to sell its 70% interest in the Milford Haven refinery in Wales to its partner Murco Petroleum. Upon completion of the transaction, Murco will be the sole owner of the 5.3-million-ton-per-year facility and the sole employer of the refinery workf
Euroseas Ltd., 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 it has signed a Memorandum of Agreement to purchase the M/V Tiger Bridge (ex City of Hamburg), an int
It’s not often one comes across a ship over 100 years old still in active service, and not often one finds she is all but forgotten in her homeland at the same time, Such is the case of the MADIZ, owned by Mr C. Keletsekis continuously since 1964 and recently given a four year refit.
M/Y Lady Candida, the 1973 classic Benetti, suffered a fire that caused her to sink off the coast of Corsica in late July. The 97-foot megayacht was on charter, according to news reports. Everyone – including her five crew members – was safely evacuated to life boats and taken ashore.
Since 1968, Dahm International (and its founder Herbert Dahm) is a renowned constant in the yachting business – as consultant and project manager for design and construction, but also as a trustworthy agent for hand-picked motor and sailing yachts and an experienced partner in selling your yacht. A
By Yoon Phil-jung Researcher of Samsung Securities Research Center One of the industries in which Korea excels is shipbuilding. China’s hot economy and soaring oil prices have seen a boom in ship orders.
Redundancies at a luxury boat dealership in West Sussex are “a major blow” to the local community, Chichester District Council has said. BA Peters has been placed in administration leading to 130 job losses.
Havila Shipping ASA and Phoenix International, Inc. today signed a 10-year contract, with additional option years, for the newly built SubSea Construction Vessel, Havyard 858. The vessel is scheduled for delivery from Havyard Leirvik during the summer of 2008, and will support oil and gas industry i
The Karachi Port Trust (KPT) has temporarily suspended the decision to divert geared vessels to private terminals, The News learnt on Tuesday. Now these ships-with-cranes will not be obliged to anchor at the Karachi International Container Terminal (KICT) and the Pakistan International Container Ter
Statoil has discovered gas in the Midnattsol prospect in the Norwegian Sea. The find was made in exploration well 6405/10-1 in production licence 281 where the company is operator. ‘It’s positive that a new gas find has been made in a deepwater area of the Norwegian Sea,’ says Frode Fasteland, actin
International Superyacht Society (ISS) president, Lance Cushion, released a statement regarding the organization’s annual design awards finalists. 23-32m Finalists Change Moon Goddess is no longer a finalist in the 23-32m category as unfortunately the vessel’s size was incorrectly entered onto the I
As the Yacht Club Costa Smeralda (YCCS) prepares to round out a year of festivities marking its 40th Anniversary, this year’s Maxi Yacht Rolex Cup, now in its 18th edition, promises to be an extra special celebration of the finest in sailing prowess and technology. The event, hosted by YCCS and orga
Nigel Burgess, one of the world’s most trusted names in the superyacht business, is launching a new look and logo in September. The new corporate style will be introduced over the coming weeks, and will be highly visible at the 2007 Monaco Yacht Show. The new single word logo and contemporary colour
