Statoil’s registration statement on Form F-4, which includes the prospectus relating to the planned merger of Norsk Hydro’s petroleum business with Statoil, was declared effective by the US Securities and Exchange Commission (SEC) on Friday 25 May at 17.00 EST (23.00 CET).
A plan to build a US$300-million container terminal at the Strait of Canso will be unveiled today in Guysborough. Melford International Terminal Inc. is betting on marine industry forecasts that the East Coast will be inundated with container cargo from the Indian subcontinent and China by 2012.
An agreement has been reached on a £40m scheme to develop the outer harbour at Great Yarmouth in Norfolk. Construction will start on the Eastport project after a deal was agreed between Great Yarmouth Port Authority and International Port Holdings.
Dubai Drydocks World LLC (DD World), the recently-launched maritime holding company, and a member of Dubai World, on Monday (May 28) announced its first major overseas acquisition by making a voluntary conditional cash offer for Pan-United Marine Limited (PUM) of Singapore. PUM is a major shipyard w
From the Barrow shore, the ice appears to stretch forever. With feet planted in soft, squelching Arctic mud, you strain to make sense of the jumbled ridges and crags of ice which serrate the white terrain.
Just a few kilometers offshore in the sunny waters of the Arabian Gulf, the giant dredging combine Van Oord NV works on the largest project ever undertaken by a single marine contractor: building “The World.” This massive job, a multi-billion dollar land reclamation effort, will create a 60-squareki
NEW uses for a 35-acre site in Tivoli will be considered by the Port of Cork once it finalises arrangements for a new €165 million container terminal in Ringaskiddy. A planning application for the new container terminal in Ringaskiddy, which will be among the largest in Ireland, are being finalised
Snøhvit is the first field on the Norwegian continental shelf (NCS) that can be remotely operated from land. The subsea development has been completed within budget at just under NOK 8 billion, and without harmful discharges to the sea.
A Shanghai shipbuilding company made a breakthrough in domestic shipbuilding industry by building the country’s biggest container ship yesterday.
Eitzen Chemical ASA (the Company) announced today that it has reached an agreement in principal to acquire the vessel “Team Actinia” for USD 20.0 mill. The vessel is 40,296 dwt, built in Uljanik Shipyard, Croatia in 1993, single sided and double bottom. The intention is to convert the vessel to doub
Expanding the cruise ship industry in Guernsey could be a way of attracting more visitors to the island, the island’s tourism boss has said.
London, United Kingdom – The Great Yarmouth Port Company has awarded a Joint Venture of Van Oord UK Ltd and Edmund Nuttall Ltd a Construction Contract worth in the region of EUR 75 million for their Outer Harbour Development.
Russia will field an entry in the Volvo Ocean Race 2008-09. Backed by Oleg Zherebtsov, a St Petersburg businessman, the yacht will be skippered by former Austrian Olympic Star sailor Andreas Hanakamp. Michael Woods, who was Director of Race Operations for the 2001-02 race, will manage the team.
A three-year wait is not what most consumers bargain for when they plan to spend $30 million for a megayacht. Moreover, the megayachts that do get built are sometimes marked up with yacht flipping premiums, described last week in The Wall Street Journal.
