A Russian ship with 18 crew members on board has sunk in the Sea of Japan, according to preliminary information, the Russian Transportation Ministry said Monday. Three foreign vessels are nearing the Sinegorye, which was sailing around 80 nautical miles off South Korea’s east coast when it sent out
Three foreign vessels are nearing a disabled Russian ship following its distress signal from the Sea of Japan saying that water had flooded one of its holds earlier Monday, a Russian rescuer said. The 18-member crew of the Sinegorye, sailing around 80 nautical miles off South Korea’s east coast, sen
”Fractional ownership in boats is a very young industry,” says May, president of American Yacht Share Management. “As it becomes more popular and more known, it will become a major way to purchase a yacht.” The concept of fractional shares, which has already gained some traction in Europe, is to div
In a referendum on Sunday, voters in Panama overwhelmingly endorsed an ambitious project to expand the famous shipping canal. The Panamanian government had urged people to vote in favour of the proposal to build a third set of locks.
The pre-race favourite Alfa Romeo may well have seized the lead soon after the start of the Rolex Middle Sea Race, but Neville CRICHTON (NZL) spent the first night locked in a close battle with two other canting keeled super maxis, Morning Glory and Thuraya Maximus.
The 11th oil find has been made in deepwater block 31 off Angola, according to BP and the Angolan national oil company, Sonangol. Statoil has a 13.33 interest in the block. The discovery, which has been named Titania, was drilled by the Jack Ryan drill ship to a total depth of 5,339 metres. Water de
Rashid Petroleum Company (Rashpetco) has awarded Aker Kvaerner a contract to supply five umbilicals to the Rosetta Phase 3 gas development in the Rosetta Concession, offshore Nile Delta, Egypt. The contract is valued at NOK 130 million. Work has already started on the steel tube umbilicals totalling
Voters in Panama have overwhelmingly approved an ambitious project to expand the country’s famous shipping canal. In a nationwide referendum, people voted by a margin of four to one to back the $5.2bn plan, which involves building a new channel and new locks. Many modern container ships are too larg
The Russian ship Sinegorye has sent a signal of distress from the Sea of Japan. According to the Vladivostok rescue and coordination centre, the signal came at 13:40 pm local time (6:40 Moscow time).
Around 20 Russian shipbuilding companies will display a total of 130 units of naval equipment, many featuring stealth technology, at the Euronaval-2006 exhibition opening in Paris on Monday, an official from Russia’s state arms exporter said. Stealth technology incorporates a range of design techniq
Maritime authorities arrested 24 Chinese fishermen caught poaching in waters off the western province of Palawan, the Philippine Coast Guard said Monday. A PCG vessel found the Kwok Tai Hai anchored off the coast of Balabac Island, part of Palawan, Saturday and gave chase when the foreign vessel set
The Goa government has awarded the work of removal of the River Princess vessel, grounded off Candolim since June 2000, to a company whose operations are based in Gujarat. The beleaguered ship is to be removed within six months from now. The agreement with M/s Jaisu Shipping was signed on behalf of
Tom Lewis has made millions building houses, shopping centers and high-rises. Now, the South Florida developer is taking a shot at rebuilding one of the nation’s oldest and most prolific yacht makers. This fall, Broward Marine enters a new era in its 59-year history, launching a redesigned series of
Royal Dutch Shell plc (the
