The Sinara motor ship that caught fire 30 miles off Vladivostok has moored at the Vladivostok sea port. Border guards were the first to go aboard to observe the necessary formalities despite the fire.
There is huge growth potential in the Middle East for the marine industry, with most of the Gulf markets still untapped, said Erwin Bamps, executive manager, Gulf Craft, a UAE-based boat and yacht manufacturer on the eve of the Dubai International Boat Show (DIBS).
Korea’s three major shipbuilders are expected to draw in orders worth US$30 billion this year. Industry reports put orders for Hyundai Heavy Industries at $13 billion, Samsung Heavy Industries at $10-11 billion, and Daewoo Shipbuilding and Marine Engineering at $10 billion.
Van Phong and Lach Huyen are two very important ports that will influence the development of the country. State-owned Vietnam National Shipping Lines Corporation has sent a proposal to the Ministry of Transport to invest in a number of transport projects as a part of its development plan from 2007 t
Danaos Corporation today announced that it took delivery of the Norasia Integra (ex E.R. Auckland), a vessel it had already agreed to acquire. Norasia Integra is a 4,300 TEU containership and will commence its 12 year charter with the Yang Ming Group in May 2007, as it is currently under charter wit
COSCO Shipyard Group and Norway-based Maracc successfully signed a contract for the building of GM 4000 Semi-submersible Unit. The contract, with a total value of 195 million US dollars, has fixed a completion period of 34 months. Nowadays, there are few shipyards in China which can build such type
The State’s shipbuilding assets will be merged into one corporation and city governor Valentina Matviyenko is already looking to locate the headquarters of the new company in St. Petersburg. The decision to create a financial holding — Unified Shipbuilding Corporation — came late Friday after a mini
The grounding of the MSC Napoli off the coast of Devon may have been good news for scavengers. But the task of repairing the damage caused by the ship is proving complex and difficult.
Aker Innovation and DOF Subsea have decided to continue to build Aker Oilfield Services without other co-owners at this time. Since the establishment of Aker Oilfield Services, announced Friday, 2 March 2007, Aker Innovation and DOF Subsea have met with potential outside investors in Norway, the UK,
The boards of directors of Statoil and Hydro have now signed the final plan for the demerger of Hydro as part of the merger between Hydro’s petroleum division and Statoil ASA. Hydro’s shareholders will own 32.7% and Statoil’s shareholders will own 67.3% of the merged company. As recompense for the t
Today, at Fincantieri’s shipyard in Muggiano-La Spezia, there was the keel laying ceremony for the company’s first mega yacht which was ordered in May last year. Present at the ceremony were the Undersecretary for Defence, the Rt. Hon. Giovanni Lorenzo Forcieri, Rt. Hon. Senators Luigi Grillo and Eg
The premier pleasure yacht manufacturers in the Middle East, Gulf Craft Inc and AMB Group of Companies comprising the companies G&M International and AMB Electronics have joined hands to provide premium audio and video solutions to enhance marine luxury in harmony with technology.
Boskalis Westminster said a collision involving its dredging vessel W.D. Fairway will lead to a 25-30 mln loss in revenue for 2007. The W.D. Fairway was involved in a collision with the container ship MSC Joanna during dredging operations in Tianjin, China last Thursday.
Total announces that it has been awarded the South East Mahakam exploration block in the Mahakam Delta offshore East Kalimantan in Indonesia offered as part of the 2006 Licensing Round held by the Indonesian Ministry of Energy and Mineral Resources.
