Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.
YANTAI, Shandong, May 18 (Xinhua) — Chinese authorities on Friday dispatched eight more divers to find a ship from the Republic of Korea (ROK) which sank off the coast of the eastern city of Yantai on Saturday.
Only one number really matters to the four semi finalists at the Louis Vuitton Cup – the number 5. That’s how many wins a team needs to advance to the Final. Today, both pairings sit on a 2-1 scoreline, meaning there are at least three race days left. Judging by the close racing to this […]
Indian defence minister, AK Antony, has publicly confirmed that the Indian Navy is slated to induct a third aircraft carrier by 2017. The ship would be in addition to the INS Vikramaditya (ex-Admiral Gorshkov) and the so far unnamed indigenous Air Defence Ship (ADS) currently under construction at t
Greece is going to claim up to 1 billion euros in damages from the company that owns the Sea Diamond cruise ship which sank off Santorini in April, the government revealed yesterday. Merchant Marine Minister Michalis Kefaloyiannis said that the Greek state will file a civil lawsuit against the Cypru
A visit to Thailand by Bill Gates has inspired the construction of a man-made island off the resort of Phuket, so the world’s richest man and other billionaires can moor their huge yachts.
Desafío Español 2007 will look to make it two in a row today as they take on Emirates Team New Zealand in the second pairing to get started today. The home team beat the Kiwis for the first time in 10 tries on Wednesday – a convincing start-to-finish victory that drew the Spaniards up to […]
Wärtsilä has signed an agreement to acquire the marine business of Railko Ltd. in the UK, a company specializing in synthetic stern tube bearing technology. The net sales of the company’s marine business is about MEUR 6 million and the number of employees is 25.
BEIJING: China yesterday admitted that a Chinese container ship which collided with a South Korean vessel waited nine hours to report the incident, and said it was extremely unlikely 16 missing sailors would be found alive.
Global container transport volume should surge to 138m standard containers by 2011, according to Global Insight, one of the leading economic research institutes. This would mean an increase of 40m containers or over 40% compared with 2006.
The west coast Irish port of Galway will be the stopover for the 2008-09 Volvo Ocean Race following the Irish Government’s announcement this week that it had agreed to make funding available to help bring the race to Ireland for the first time. Race organisers welcomed the Irish commitment of up to
In line with SMIT’s strive to focus on its core activities SMIT announces that it has sold its inland river operation in Gabon to Ortec Marine. The sale involves 7 tugs and 7 barges.
Under heavy rocket and machine-gun fire from pirates attacking his cruise ship, Michael Groves had one thought – to protect the passengers. Instead of fleeing for cover, the security officer braved the bullets and directed a high pressure hose at the two pirate boats, keeping them at bay.
The last container has been removed from the stricken MSC Napoli off the Devon coast. The vessel was grounded off Branscombe in January and salvers have since lifted 2,300 containers off the ship.
