Great Eastern Shipping Co. Ltd. on Thursday obtained court approval extending the deadline for the delayed demerger of its offshore services business by three months, the company said. Court officials could not be immediately contacted for confirmation. The demerger of GE Shipping’s unit that provid
Japanese salvage ship Senshei Maru arrived in the country Wednesday afternoon, ABS-CBN News learned. The salvage ship arrived at the Iloilo Strait at 4 p.m. and is now anchored at the Iloilo International Port. Reports said the salvage ship’s first mission is to confirm the exact location of the sun
Research and Markets has announced the addition of China Shipbuilding Industry Report, 2005-2006 to their offering. This report not only makes an in-depth study on supply-demand, competitive pattern and latest market changes in Chinas shipbuilding industry, but also presents and analyzes the develop
French-based classification society Bureau Veritas has joined forces with the growing Vietnam Register, its Managing Director of the Marine Division, Bernard Anne, has said.
US oil firm Chevron Corp. will build the world’s biggest drilling and production platform at its Tombua Landana field in Angola, South Korea’s Daewoo Shipbuilding and Marine Engineering Co. said on Thursday. Daewoo, the world’s second-largest shipbuilder, said in a statement it won a 1,22 trillion w
Ultra-luxury cruise specialist Crystal Cruises is spending $23 million to enhance the award-winning Crystal Symphony in what will be the cruise line’s largest-ever dry dock. In just two weeks, from October 31 through November 12, 2006, nearly 1,300 people will work around the clock on more than 150
In just over six months from now, the world’s most popular mass-market cruise line will launch a “Freedom” of its own. Carnival Freedom, following in the wake of Royal Caribbean’s recently-launched Freedom of the Seas, will leave the Fincantieri shipyard in Maghera, Italy and ply the global waters,
Hyundai Corporation has completed the slipway construction of Qingdao Hyundai Shipbuilding Co., Ltd, an acquired shipyard in China, and announced its mid- to long-term development plan. The newly constructed
The Maritime Self-Defense Force launched its sixth Aegis destroyer at a Wednesday ceremony in a dockyard in Nagasaki as part of Japan’s plan to add sea-borne antimissile capabilities. The Ashigara, built at a cost of 140 billion yen, will be fitted with the U.S.-developed sea-based Standard Missile-
An MIT researcher has a vision: Four hundred huge offshore wind turbines are providing onshore customers with enough electricity to power several hundred thousand homes, and nobody standing onshore can see them. The trick? The wind turbines are floating on platforms a hundred miles out to sea, where
Total announces the signature of an agreement with Japanese energy company INPEX to acquire a 24% interest in Block WA 285-P, located in approximately 250 meters of water offshore northwestern Australia. The proposed transaction is subject to the approval of the Australian authorities in the near fu
Sonangol Pesquisa e Produc
Another 170 Electric Boat employees received lay off notices this week, bringing the total number workers to be let go this year to nearly 800. The latest round of jobs cuts affects shipyard workers, 154 hourly employees and 16 salaried workers. They were notified Monday that their last day will be
Ocean Yacht Systems Limited (OYS), one of the world’s leading suppliers to the Superyacht market is proud to announce the launch of OYS Thrusters
