Vijay Sheth-promoted Great Offshore (GOL) is close to taking over a Scandinavian offshore company for around $500 million. The move, which comes close on the heels of his takeover of GOL from his cousins a month ago, is aimed at making the company an international player in the offshore space.
Global cargo transportation and logistics group Neptune Orient Lines (NOL) today reported a net profit for the second quarter of 2007 (2Q07) of US$93 million, 38% higher than for the same period in 2006. The Group’s EBIT for 2Q07 was US$112 million, 27% higher quarter-on-quarter than in the second q
Total announces a significant new oil discovery in its ultra-deep offshore block Mer Très Profonde Sud (MTPS), which lies approximately 170 kilometres offshore Republic of the Congo in a water depth of 2,000 metres.
The start of a dream holiday has turned sour for more than a thousand passengers set to sail on a cruise ship with a troubled past. The Pacific Star was battered by monster waves after it sailed into stormy weather last month and it has now been delayed by technical problems at Auckland’s Princes Wh
South Korean shipbuilders are cruising fast in global markets, chalking up as much as US$30 billion worth of orders in the first half of this year and the largest ever for a six-month period. Against the unprecedented pace of growth, however, some have raised concerns that the lack of a skilled work
Second quarter 2007 highlights included: Net income increased by $2.5 million, or 27%, to $11.9 million ($0.29 per share based on a weighted average of 41,811,854 diluted shares) for the second quarter of 2007, from $9.4 million ($0.28 per share) for the second quarter of 2006.
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. today announced the signing of Heads of Agreement (HOA) between Husky Oil (Madura) Ltd. and three separate companies for the sales of gas from the Madura BD Field in Indonesia. The agreements were signed with PT Parna Raya,
The company which built the HD Ferries boat, HD1, has hit back at criticism she was not designed for open seas. Rob Provan, chief executive of rival Condor Ferries, suggested HD1’s shipbuilder had said it was not designed to be used in open sea.
Anglers are optimistic about a good summer on Scottish rivers, according the Association of Salmon Fishery Boards (ASFB). Assistant director Brian Davidson said catches over spring had been poor, but there were signs of an improvement.
The biggest replica Viking vessel ever built has dropped anchor at Peel. The Sea Stallion is sailing to Ireland from Denmark in a 1,000-mile (1,609km) seven-week voyage to better understand seamanship of the early Norsemen.
A replica of the 19th Century slave ship, Amistad, has docked in a Cornish port as part of a 16-month tour around the world. The ship’s Amistad Atlantic Freedom Tour will cover 22,500km (14,000 mile) retracing the route of the slave trade.
Tom Vroon is only 16 but has already set his sights on sailing the Volvo Ocean Race. He’s in Cowes to get the right experience The Dutch teenager’s first Cowes Week was hardly in something small, old and insignificant. His initiation has been the one-off designed and very powerful Lutra 56, owned by
Volvo Ocean Race CEO Glenn Bourke continued on his winning way in his Laser SB3 and has a sniff of overall victory at Cowes. Bourke and his crew of Jeremy Troughton and Tony Kilby made it two wins in a row by a huge four-and-a half minute margin in the Laser SB3 class and now […]
Gulfport, Mississippi, USA – August 7 th, 2007 – Trinity Yachts, LLC announced they have agreed to donate the fabrication and installation of the structural foundation, including the through-hull fittings, to allow SeaKeeper 1000TM oceanographic and atmospheric monitoring systems to be installed at
