‘We are extremely pleased with the continued strong order intake. The focus on services continues to pay off as the business is growing at a rapid rate. Many of the development investments initiated are reflected as costs in the second quarter result. However, I believe that the coming two quarters
Nigerian National Petroleum Corporation (NNPC) and Total, through its subsidiary Elf Petroleum Nigeria Limited, operator of the NNPC/EPNL Joint Venture with a 40% interest, announce the launch of the Phase 2 of Ofon Field Development Project. The field is located offshore east of Nigeria in OML 102,
Subic Bay Freeport — The President’s 10-point agenda has come to reality here in terms of developoing Subic Bay as a regional logistics hub. Today President Gloria Macapagal-Arroyo leads the inauguration of New Container Terminal 1, the first phase of the $215-million Subic Port Modernization projec
Aker Kvaerner has been awarded a contract by ShenHua Baotou Coal Chemicals Co., Ltd for a new polypropylene (PP) and polyethylene (PE) facility at its coal chemical complex in Baotou, Inner Mongolia, People’s Republic of China. Aker Kvaerner is providing the basic engineering design, technical advis
Coastguards believe more explosives will probably have to be detonated on Friday to split a beached container ship off the Devon coast. Explosions were triggered on the MSC Napoli, off Branscombe, on Tuesday and again at 1404 BST on Wednesday.
Establishing new standards of quality and service for the marina industry, IGY has garnered an outstanding reputation throughout key global yachting and nautical tourism areas from the Caribbean to the Arabian Gulf. In just a few short years, Island Global Yachting, (IGY) has emerged as one of the w
About 50 African migrants are missing off the Canary Islands after their boat sank, survivors say. Spanish coastguards picked up 48 of the Africans after their boat capsized about 145km (89 miles) southwest of the island of Tenerife.
New London has been growing in popularity as a cruise ship port of call, and this year it will get its biggest ship yet – Royal Caribbean’s 3,114-passenger Explorer of the Seas. This thing is so big passengers need a GPS to navigate between buffets.
On Saturday July 7th, the second vessel for the German shipping company Otto A. Müller is baptised and handed over. This vessel, the ‘Blue Dragon’, is a new exemplar in the successful series vessels of Damen Shipyards Bergum, type Combi Freighter 3850.
Danaos Corporation (NYSE: DAC) today announced that it has signed contracts to acquire five 1997 built, 2,200 TEU containerships. These vessels, the H.Vladivostok, H.Advance, H. Stride, H. Future, and the H.Sprinter were built by Hyundai Heavy Industries. The size of the deal is slightly in excess o
Imperial Oil announced today that it was successful, along with co-venturer ExxonMobil Canada, in acquiring exploration rights for a parcel in the Beaufort Sea.
Austal USA has received a Certificate of Occupancy from the City of Mobile for the newest addition to its Alabama shipyard – a Panel Line Shop. Located on the north side of Assembly Bay One, the Shop opens directly into the assembly bay allowing panels to be easily transported from the shop onto the
Great Eastern Shipping Company Ltd has announced that the Company has contracted to buy a modern Supramax dry bulk carrier. The 2001 built ship, of about 52,179 dwt. is expected to join the Company’s fleet during Q3 FY 2007-08.
Another container ship of the 2,700 TEU series with the Yard No. 554 was launched on July 18th at Nordseewerke GmbH – a company of ThyssenKrupp Marine Systems AG. At 11:00 o’clock, the last stopper was removed and 10,000 tons of steel glided silently into the water of Emden Harbour.
