Great Eastern Shipping has signed a contract to buy a modern double hull Suezmax tanker, which is expected to join the company’s fleet by the second quarter of 2007-08.
Total announces that Total Gabon and the Republic of Gabon have signed an agreement to renew for 25 years the convention of establishment, which expired on June 30, 2007. The convention of establishment defines, among other things, the legal and tax system governing Total Gabon’s concessions, operat
Aker Kvaerner has signed a contract with Subsea 7 Norway for the manufacturing and supply of steel tube umbilicals for Norsk Hydro’s Vega and Troll O2 developments in the North Sea. The contract, worth NOK 434 million, is one of Aker Kvaerner’s largest stand-alone umbilical contracts to date.
In the second maritime accident in as many days, six fishermen went missing after their boat was hit by a cargo ship early today in seawaters off east China’s Zhejiang Province, the local maritime police said.
Malaysian shipping company MISC Bhd said it has ordered eight chemical/product oil tankers together worth 430 million US dollars from South Korea’s SLS Shipbuilding Co.
Strong winds may prevent a cruise ship carrying more than 2,500 passengers from docking at Holyhead on Friday. The Grand Princess, said to be the largest cruise ship to visit the port, was due to arrive at 0800 BST.
As a result of challenges in the three Finnish yards, mainly related to the ferry projects, Aker Yards is revising its earnings forecasts. Project estimates have been revised, and the operating results for the second quarter and for 2007 will be lower. At the same time, Aker Yards is announcing dive
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today the simultaneous closing of its 5,000,000 share follow-on public offering and the full exercise of the underwri
Monday, June 18th, at dusk, the new 32-meter Admiral, construction no. 115, was launched into the water. The christening ceremony, complete with the traditional breaking of the bottle and blessing by the priest, was attended by the ship’s owner and his family, the crew, CNL President Annamaria Jasel
Cargotec Corporation will publish its January–June 2007 Interim Report on Thursday, July 19, 2007 at 12:00 p.m. Finnish time (GMT +3). The interim report will be available after publishing on the Company’s internet pages at www.cargotec.com.
China’s shipbuilding industry could be overextended in three years amid a booming global demand for new vessels. China’s shipbuilding capacity will exceed 40 million deadweight tonnes (DWT) a year in 2010 if new shipyards planned by investors are completed, according to data from China Association o
Last ditch talks are being held to try and avert a strike on Orkney’s outer isles ferries. The RMT union has given formal notice that it intends to take strike action at noon on Monday for four days after crews rejected a pay offer of 2.5%.
Fraser Yachts Worldwide (FYW) is very excited to announce the arrival of Hein Velema into the FYW Board of Directors Committee. Hein Velema will be leading the Sales Broker Team as the FYW Sales Director, based in Monaco.
Tuesday the 3rd of July was an exceptionally busy day at Wayfarer. The Dutch-owned, British-registered mega-yacht “Aeolian” had her towering mast removed in the morning and then, after lunch, she was plucked from the waters of Camden harbor by Wayfarer’s giant traveling crane and trundled into the b
