Statoil (OSL: STL; NYSE: STO) has today 12 February 2007 presented its view on the synergy potential from the merger between Statoil and Hydro’s (OSE: NHY; NYSE: NHY) oil and gas activities.
Senior secured credit facility of $770 million with Fortis closed at delivery of first tanker. Aker American Shipping has, concurrently with the delivery of the first Product Tanker, closed a senior secured credit facility of $770 million with Fortis as Agent, financing its long term ownership of th
As part of its move towards formal statehood distinct from the communist People’s Republic of China on the mainland, the Taiwanese leadership has launched a campaign to remove the word ‘China’ from company names. While many Taiwanese find the name changes necessary, some analysts have warned they co
An anti-whaling group’s boat collided twice with a Japanese whale-spotting vessel in Antarctic waters today, tearing a three-foot gash in the protest ship, the Sea Shepherd conservation group said. The Japanese ship Kaiko Maru issued a distress signal after the clash, but had not responded to Sea Sh
Fishermen in Cornwall have criticised new government monthly restrictions on cod fishing for small boats. The new quotas mean that Cornish boats of 10m or less have caught almost their entire cod quota for 2007.
According to London-based Clarkson, the world’s biggest shipbroker, shipowners ordered new vessels worth a record $105.5 billion in 2006. The trend has been spurred by tanker owners keen to upgrade their fleets ahead of IMO single-hull tanker deadlines that kick in at the end of the decade.
Jersey is hoping to boost income from its sea port through its membership of a new federation. The Federation of Regional and Local Channel Ports aims to increase cooperation between port authorities in the English Channel and France.
A DUTCH dredger has been working in Newhaven Harbour carrying out maintenance work
Life aboard Adele. What’s it really like cruising on a superyacht – not just cruising but undertaking an Antarctic adventure which very much relies on the yacht as a platform, a lifeline and a completely independent mode of transport?
Six Malta Shipyard employees were on Monday found guilty by the company’s disciplinary board of sleeping during working hours. Each worker will be suspended without pay for a varying number of days. As the workers returned to work on Monday, a five day period to appeal to the decision commenced. If
Raytheon Company’s (NYSE: RTN) Integrated Defense Systems and BAE Systems have successfully completed a restrained test firing of a Standard Missile-2 BLK IV MK72 rocket booster on the new MK57 Vertical Launching System missile launcher.
Visitors to this year’s Dubai International Boat Show (DIBS), organised by the Dubai World Trade Centre (DWTC), will be able to see some of the world’s finest superyachts at the region’s leading marine event. Each superyacht is more than 25 metres in length, with at least three of the opulent vessel
A stricken ship carrying hundreds of migrants, which has spent a week at sea off the coast of Mauritania, is expected to dock on Monday. The vessel was given clearance to dock after Spain, the migrants’ intended destination, agreed to pay for their medical treatment and travel.
The cloudy plastic sheets hanging around Lady Michelle swell and fall as her attendants whiz past, some on bikes, some on golf carts, others carrying armloads of tools. Cables snake from the floor into her covered body and bright bursts pierce from deep inside. Industrial fans push cool air into her
