Aker Kvaerner has been awarded a contract to supply subsea trees to Brazil’s national oil company Petrobras. The contract has a value of approximately USD 12 million. The scope of work comprises three mudline dual-bore christmas trees designed to 250 metres (820 feet) water depth, with associated to
The South Korean government said it would provide support to those shipping lines in the country that seek mergers to bolster their market share and compete worldwide. The government is studying various measures, including providing support for funding mechanisms that could facilitate acquisitions,
Turkey will not open its ports to Greek Cypriot ships and planes unless the EU ends restrictions on northern Cyprus, a top Turkish politician has said. Yasar Yakis chairs Turkey’s European Union affairs committee. The EU is pressing Turkey to ratify the customs agreement with Cyprus or face a collap
Mitsubishi Heavy Industries, Ltd. (MHI) is taking steps to boost its production capacity in small-size turbochargers by more than 20%, from the current 3 million units p.a. (per annum) to 3.6 million p.a. by the end of the first half of fiscal year (FY) 2007 (April 1, 2007 through March 31, 2008). T
Deuxmill Marine floated on AIM today and made a steady start, with the provider of fuel to
On a recent day this summer, an $80 million clipper called the Maltese Falcon left the Turkish shipyard of its birth and zoomed up the Bosporus, showing up rickety tourist boats and grimy cargo ships. Three enormous carbon-fiber masts towered over the 88-meter yacht, which belongs to Silicon Valley
A cruise ship has rescued nine illegal immigrants from an open-topped boat some twenty miles off Cabo de Gata. The immigrants said they had set off from Algeria three days ago when they were rescued on Thursday. They said a tenth man had fallen overboard. A coastguard helicopter was still searching
The owner of the ship on which Romanian authorities believe Syrian businessman Omar Hayssam fled the country and the owners of the merchandise the ship is carrying plan to sue the state for losses incurred after the ship was seized by authorities. The owner of the ship, Iman T., Syrian Mustafa Tarto
Multi-million-pound plans were unveiled yesterday to revive west Norfolk’s ailing fishing industry. The
Militants yesterday attacked a Chevron supply vessel, leaving one person killed and others seriously injured in yet another of several attacks on oil facilities and personnel in the oil rich Niger Delta region where oil workers have embarked on a three day warning strike action. Mr. Femi Odumabo, th
A federal judge has ruled in favor of NCL and against a group of passengers who were aboard the Norwegian Dawn in April 2005 when the cruise ship was hit by a rogue wave while sailing back to New York from the Caribbean. Even though none of the guests or crew members suffered serious injuries [&hell
A $4.5 MILLION cruise ship terminal could be open in Darwin by the end of next year. The terminal will replace a tent at Fort Hill wharf which is now used to process passengers for immigration, customs, quarantine and security. The project was given conditional approval by the Development Consent Au
Representatives from enterprises in central Da Nang city and five major Dutch companies gathered at a seminar entitled “Da Nang, a destination for Netherlands- Viet Nam business cooperation” held in the city on Sept. 12. Hanspeter Verhoeff, Economic and Commercial Charge d’affaires of the Netherland
A memorandum of understanding (MoU) has been signed today, 13 September by the Indonesian national oil and gas company PT Pertamina (Persero) and Statoil ASA, covering cooperation between the two companies. The MoU was signed by chief executives Helge Lund of Statoil and Ari H Soemarno of Pertamina.
