Every 50 seconds, 38 tonnes of red-black Brazilian iron ore are scooped from the hull of the SG Prosperity, dumped on a conveyor and sped away to a yard. Caofeidian, China’s newest and largest iron ore port, is open for business, just 19 months after workers began to convert an isolated sand spit in
Two new Royal Navy aircraft carriers could be delayed while Britain’s shipbuilding industry is restructured, a committee of MPs has said. The Commons Defence Committee warned that if the carriers were late, it could damage the country’s defence.
Caterpillar, Mitsubishi Heavy Industries and Shin Caterpillar Mitsubishi are in Discussions on New Ownership Structure of Japanese Joint Venture Companies have agreed to proceed with discussions, which would lead to Caterpillar becoming the majority shareholder in Shin Caterpillar Mitsubishi Ltd.
SHI decided to receive shipbuilding payment in Korean won instead of the US dollar for the first time in Korea’s shipbuilding industry. SHI has been hedging against exchange rate fluctuations to prevent profit from falling, and this new contract enables a strengthened hedging activity.
Keppel Shipyard Limited (Keppel Shipyard) is on course to deliver the Floating Production Storage and Offloading (FPSO) facility, Umuroa, to Prosafe Production (Prosafe) in March. Mrs Jacqueline Phillips, wife of Mr Bruce Phillips, Managing Director of Australian Worldwide Exploration Limited, named
Keppel FELS Limited (Keppel FELS) has secured a repeat order for a KFELS N Class jackup rig for US$392 million from ProdJack AS, a member of the Skeie Group. The new rig is slated for delivery in the third quarter of 2010.
Aker American Shipping ASA (AKASA) intends to issue a bond loan of up to NOK 700 million. The loan will be applied to general working capital purposes related to the construction of the product tankers at its subsidiary Aker Philadelphia Shipyard, Inc. (APSI).
A Japanese whaling ship has caught fire near Antarctica, leaving one crew member missing and raising fears of environmental damage. The blaze on board the Nisshin Maru prompted the evacuation of its crew onto other ships.
Total announces that it has been awarded the three production licenses it applied for under the 24th Oil and Gas Licensing Round of the United Kingdom’s Department of Trade and Industry. Total will have a 36% interest in Blocks 206/3 and 206/4. Located 80 kilometres West of the Shetland Islands, the
A failure to consolidate Britain’s ship and submarine building sectors is holding up orders manufacturers want from the government and may also delay final delivery of the navy’s planned aircraft carriers, a powerful commons committee warned. The Defence select committee said the delay on the final
The partners in the Snøhvit organisation have decided to drill an appraisal well to map the resources in the Barents Sea field’s structure more closely. The appraisal well will provide further data on Snøhvit’s recoverable oil reserves and better map gas reserves in the western part of the field’s s
Monaco – The new 70 WallyPower 2007 is a further development of the successful motor yacht model introduced in 2005 with the Lunch Boat. The first unit of the 70 WallyPower 2007 is under construction at WallyEurope facility in Fano, Italy and will be delivered in September 2007.
A boat owner has been found guilty of manslaughter following the death of a Hungarian employee, who died in a blaze while melting lead onboard a vessel. Krisztian Takacs, 26, was carrying out work in Southampton’s Smith Quay when the accident occurred in August 2006.
In the past week the last Micro tunnelling pile was placed, which completed the western wall of the CS subway station in Amsterdam. It marked another milestone in the North South line project, under construction by Van Oord Nederland and Strukton Betonbouw.
