Larsen & Toubro Ltd., India’s biggest engineering company, will invest $400 million in its ship-building unit, seeking to gain market share for smaller vessels as South Korean yards rush to complete record orders. Larsen will select a deep-water yard this year and aims to start building container sh
China would likely react with hostility to any attempt by the United States to build and sell eight submarines to Taiwan, The Day newspaper in Connecticut, reported. Submarine experts said Monday that China would likely impose economic sanctions against the U.S, but this would not necessarily stop t
Admiral Gorshkov, the Russian aircraft carrier which is being made compatible to Indian conditions, will join the Indian Navy next year, Minister of State for Defence M.M. Pallamraju announced on Tuesday. He said it would be named INS Vikramaditya after being inducted into the Navy. The construction
Oil spills of up to 10 tonnes have been identified as one of the hazards of proposals to transfer oil between ships in the Firth of Forth. The likelihood of such a spill could be once every 20 years, according to an environmental impact statement obtained by the Scottish National Party. The plan inv
Overloading and bad weather caused the sinking of the Solar I tanker that resulted in the country
AN Egyptian dredger sank in the Suez Canal today, killing two of the 45 crew and prompting a brief closure of the busy international waterway as rescuers searched for two others, officials said. The two missing crew were feared dead, Suez Canal Authority sources said. The other 41 had been rescued,
Evaluation could dictate the laying-off of some boats. Delegation of 13 Eurodeputies of the Fishing Commission of the European Parliament (PE) to visit the Algarve between 13th and 15th September to learn of the problems in the fishing sector with a view to a better application of the Community fund
The U.S. Coast Guard has finished its investigation and identified the cargo ship which fouled the Savannah River with some 22,000 gallons fuel in July. But Cmdr. David Murk of Coast Guard Marine Safety Unit in Savannah, Ga., would not release the name of the ship or shipping line until a hearing of
A ship which dumped toxic waste in Ivory Coast killing six people tried to shed a foul-smelling load in Amsterdam a month earlier but was told it must pay more to do so, Amsterdam port authorities said. Public outcry over the dumped toxic black sludge, which made thousands sick in the port city of A
BP and Gazprom Marketing & Trading, the UK subsidiary of energy giant OAO Gazprom, announced today that they had reached an agreement for BP to supply a number of liquefied natural gas (LNG) cargoes which Gazprom Marketing & Trading will market in the Atlantic Basin. The cargoes, which will be sourc
Team Italia, the Italian distributor to the yacht market of the Series 2 marine display system from Jakob Hatteland Display (JHD) has reported an excellent reception for the system by Italian yacht builders, resulting in a recent bulk order worth approx. Euro 160K. Series 2, launched in June 2006 is
With its 10 brand new models and a display of 41 yachts, the Ferretti Group presents itself as a leader at the Festival International De La Plaisance in Cannes, crowning a highly successful season and ready to take on new challenges. Cannes, 13th September 2006 – The Ferretti Group is presenting its
Ericsson Racing Team was confirmed today as the first official entry in the Volvo Ocean Race 2008-09. The decision to commit to the next edition of the race comes a mere three months after Ericsson finished the 2005-06 event. In doing so they join a select band of repeat entries in the race
Sevmash shipyard is planning to build facilities for a Gazprom liquefied natural gas plant in West Siberia, the company press service said Tuesday. Russia’s energy giant will build the plant in the northwestern part of the Yamal Peninsula in West Siberia, on the shore of the Kara Sea, near the Khara
