Arab Shipbuilding and Repair Yard Company (Asry) announced yesterday that it expected net operating income to reach about $135 million by the end of this year, compared to $111 million last year. This was discussed at meeting by Asry’s board, chaired by Eid Abdulla Yousif and attended by representat
Statoil has spudded its first exploration well on land in the middle of the Sahara Desert. The drilling is taking place in the Hassi Mouina block in Algeria. “This represents a milestone,” says David Poole, vice president for exploration in Algeria.
Some 33 shipyards grouped in the Batam Shipyard Offshore Association (BSOA) have started turning to Karimun islands for their new investment as Batam has already become too full of business activities. “Look, Batam is already full (of business activities),” BSOA chairman Chandra Dahlan said here on
TBS International Limited, an ocean transportation services company that offers worldwide shipping solutions through liner, parcel and bulk transportation services, announced today that it has taken delivery of the M.V. Laguna Belle (ex M.V. Clipper Frontier), a vessel it had previously agreed to ac
The Navy is using clamshell orange buckets swinging from towering steel cranes to remove thousands of tons of Hudson River mud that has kept the USS Intrepid prisoner at its pier.
SP, the marine focused technology brand of Gurit, is has announced the signing of a contract with boatbuilding firm Seaway. The composite specialists will be providing engineering services and supplying advanced composite materials in the construction of Seaway
After intensive sea, air and land searches by 10 rescue units, there is still no sign of the missing supply vessel, Hawk. The vessel is believed to have gone missing between Richards Bay and East London.
About 75 people had a 10-hour Channel crossing and spent five hours sailing between Newhaven and Brighton because the ferry could not dock in high winds.
Trials on the new Wally 143 Esense have demonstrated that they have a remarkable yacht on their hands and when she was unveiled to the press in Ancona today even the most seasoned journos were heard to utter expressions of mild amazement. Never mind the performance of this Bill Tripp-designed super-
Four British troops killed in a bomb attack on their patrol boat in Basra are expected to be named by the Ministry of Defence. One of those killed in the Remembrance Sunday attacks was a woman serving with the Army’s Intelligence Corps.
Petro-Canada has resumed production at the joint-venture Terra Nova offshore oilfield after maintenance upgrades, the company announced yesterday. The oilfield was scheduled to resume production at the end of September after a power generator failure forced it to shut down in May, one month before a
Scuba divers got a close look Tuesday at the muck trapping the historic aircraft carrier Intrepid in the Hudson River. Divers surveyed the Intrepid’s hull as they began efforts to determine the amount and composition of the material packed around its stern, rudders and running gear.
Shipyards of South Korea, the world’s leading shipbuilding nation, are set to make all-out efforts to develop offshore facilities in a bid to stay ahead of the field despite hot pursuit from rivals in Japan and China, an industry association said Wednesday.
Chinese shipyards are expected to tap capital markets in the next two years to fund Beijing
