Nautilus Minerals Inc said it will take over the offshore development at the Solwara 1 project in the territorial waters of Papua New Guinea after the agreement with Belgium-based dredging company Jan De Nul lapsed.
The launch of Australian Incat yard’s 112-metre wave piercing catamaran earlier this week set new milestones for High Speed Light Craft shipping. The vessel, named the Natchan Rera, is the world’s largest diesel-powered HSLC, and the largest HSLC ever to be built in Australia. Mainly this was an eve
The Protocol for the 33rd America’s Cup was revealed on Thursday afternoon, detailing the broad outlines of the next event. Among the highlights was the introduction of a new class of boat, to be 90 feet in length overall, sailed by a crew of around 20 sailors. The final design rule for the new clas
Michel Bonnefous, CEO of America’s Cup Management, on whether Valencia or another city will be selected to host the 33rd Cup: ‘Today we have a natural relationship with Valencia and Spain, and obviously we are discussing extensively the renewal of Valencia as a venue, but we haven’t reached an agree
Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received ship crane orders for 74 bulk carriers. The value of the orders is approximately EUR 75 million. The orders have been booked in the second quarter of 2007.
Signs are emerging of the plethoric capacity of China’s shipbuilding sector amid booming global demand for new vessels. Shipbuilding capacity in the country will exceed 40 million deadweight tons a year in 2010 if new shipyards planned by investors are completed, according to data from China Associa
South Korea’s Hanjin Heavy Industries & Construction, to boost its original US$1 billion investment in the Subic Bay Freeport Zone by an additional US$684 million, has posted an employment increase rate of 180 per cent from its 2007 target.
Operator Statoil has completed drilling an exploration well at the Yttergryta prospect on the Norwegian Sea’s Halten Terrace. Well 6507/11-8, which lies in production licence 062 around one kilometre east of the Midgard field, was proven to hold gas in sandstones of Jurassic age.
Eidesvik has ordered two large, state-of-the-art seismic vessels of the type ULSTEIN SX120 from Ulstein Verft. The ships will be delivered in spring 2010. The contract’s total value is about NOK 1.3 billion.
Aker Yards has entered into a contract with DOF Installer ASA based on the options given in the contract between the parties of 5th March 2007. This is the first of two possible options in the connection of the previous contract for building of 2 + 2 AHTS vessels. The value of this contract is [&hel
Leisure boating is one of the few manufacturing industries dominated by high-cost countries. Most manufacturers with their plants mainly in high-cost countries have found the past few years a struggle, as the balance of power has swung towards low-wage nations led by China.
Oceanteam Power & Umbilical ASA announced today that it has signed a Letter of Intent with Oceanteam Holding B.V. with the objective to purchase its Joint Venture Operations in Mexico.
Eitzen Maritime Services ASA (EMS) today confirms the acquisition of shareholdings in a number of Indian maritime services companies. On 15 May 2007 EMS announced an agreement on this matter, which was subject to due diligence and final board approval. The final share sale and purchase agreement wer
Technip has been awarded by Fort Hills Energy L.P. a contract for the transformation of heavy oil from the bitumen sands of the Fort Hills Oil Sands project. This services contract includes front-end engineering design, detailed engineering, procurement, construction and project management for the p
