The horn on Larry Ellison’s super yacht Rising Sun reverberated around port at the America’s Cup yesterday. Not only was racing back on, but his BMW Oracle Racing team also managed a six-second win over Luna Rossa.
Eagle Bulk Shipping, Inc. (Nasdaq:EGLE), a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry, today announced that it has taken delivery of the Shrike, a 2003 built 53,343 dwt Supramax dry bulk vessel. The Shrike was acquired as part of a thr
New group-wide frame agreements worth over NOK 2 billion in total will secure Statoil’s valve requirements for the next five to seven years. Statoil has signed a total of 17 agreements with 12 valve suppliers covering nine valve types, catering for Statoil’s valve needs in day-to-day operations, new
A very active newbuilding market, an expanding fleet and a significant number of older vessels undergoing survey to extend their service life in the buoyant market, led to 2006 being the most active year ever in the long history of ABS, the world’s third largest classification society. At the Annual
The four ageing steamships lined up by the quay at Reykjavik harbour don’t look like anything special. But they are among the last survivors of an industry which was once worth huge amounts of money to nations like the US and Britain – and which brought some of the largest animals on the planet clos
BP Makes Thirteenth Oil Discovery in Ultra-Deep Water Block 31 Angola Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited today announced the Miranda oil discovery in ultra-deepwater Block 31, offshore Angola. Miranda is the thirteenth discovery that BP has dr
The moments before an oil rig support vessel capsized off Shetland, with the loss of eight lives, have been described at an inquiry in Norway. Witness told of problems in the run-up to the Bourbon Dolphin capsizing.
Terrorism is a phenomenon which citizens of most countries have been tragically familiar with long before the infamous 9/11 attacks in the United States. Despite the long history of a successful fight against the plague of traditional forms of political terrorism, security services have underestimat
For the second consecutive day, good racing conditions blessed the waters off Port America’s Cup in Valencia and two full flights of racing were completed. Conditions were ideal for America’s Cup racing with winds up to 13 knots on the south race course and between six and 10 knots on the north race
Dubai World has announced the establishment of Dubai Drydocks World (DD World) to consolidate the dry docks and maritime sector of the organisation. Dubai World is the holding company that manages and supervises the Dubai Government’s portfolio of businesses and projects – including the internationa
Island Global Yachting (IGY), the premier worldwide developer of luxury marinas, celebrated another year of achievement by attending the inaugural Kuwait Boat Show International 2007.
The Superyacht Cup incorporating the Millennium Cup is lining up some great entertainment for each night after the sailing. While the racing for up to 60 superyachts in the Bay of Palma will be the highlight for the yacht owners and crews, there is no doubt that the parties on the dock will keep eve
On the 6th of April 2007, the fiftieth Combi Freighter 3850 of Damen Shipyards Bergum was christened in Harlingen. On a beautiful day with a lot of sunshine and a tight blue sky the ship was christened by Mrs. Verkaart. She baptised the ship on behalf of Unisea Shipping B.V. A number of fifty ships
Raytheon Company (NYSE: RTN) has finalized a $184 million U.S. Navy contract for radar equipment for the Royal Australian Navy’s Air Warfare Destroyer (AWD) and the Spanish Navy’s F-105 Frigate.
