Gunmen in military fatigues seized two foreign oil workers here yesterday in the latest violence targeting the petroleum industry of Africa’s largest producer, authorities said. The workers — a Belgian and a Moroccan — were abducted as they traveled through the city where many international energy f
Boats competing in Rolex Baltic Week’s IMS Offshore World Championship had an early start. With four races scheduled they had to contend with the most testing conditions. The race committee just managed to run all four and among the larger boats in division one there were four different winners: Chr
Shipping firm PT Berlian Laju Tanker said it plans to sell one of its vessels to First Ship Lease Ltd (FSL) for 45 mln usd. The ship, the Prita Dewi, will then be leased back. The transaction is designed to provide the firm with additional cashflow to be used for its regular operations as well [&hel
The World
Celebrity Cruises announced cancellation of yet another cruise –this one a 10-night Alaska voyage a month from now on the cruise ship Infinity — as a result of a new variant of the pod problems that have plagued its Millennium-class ships. Celebrity said problems with the electrical system of one of
Requirements for welding equipment will continue to expand as strong global demand drives South Korea’s export-focused industrial sectors with demand from the shipbuilding and automotive. The presence of welding-intensive end-user sectors such as shipbuilding and automotive has fuelled the growth of
Aker Braila shipyard, part of Aker Yards Norwegian group, is going to build two ships worth 20m euros together for Maritima French ship owner, reads a company release. Delivery deadlines for the two ships are March and June 2008. Aker Yards, one of the world’s biggest ship builders, has secured nume
In the first half of 2006 Royal Boskalis Westminster nv achieved a substantially higher net profit of
Private shipyard major Bharati Shipyard has firmed up plans to foray into oil rig construction. The company, which operates three yards currently, has tied up with reputed US-based oil manufacturing company for the project. The development comes with domestic majors crowding the Indian offshore spac
Potential tragedy was averted early Wednesday morning when seven people were rescued from a sinking White Marlin Open participant around 30 miles off the coast of the resort by other boats competing in the tournament that were in the area. The Coast Guard received a report around 5:30 a.m. on Wednes
Knightsbridge Tankers Limited (the “Company”) reports net income of $7.9 million and earnings per share of $0.46 for the second quarter of 2006. The average daily time charter equivalents (“TCEs”) earned by the Company’s five VLCCs was $42,800 compared with $54,300 in the immediately preceding quart
Statoil has started drilling an appraisal well in the Tornerose prospect in the Barents Sea. The Polar Pioneer rig commenced drilling on Thursday 10 August. The well is being drilled to assess the extent of the petroleum reserves in the prospect. “This appraisal well is important,” says Tim Dodson,
Tidewater Inc. (NYSE:TDW) announced today that it has entered into a definitive agreement with Crosby Marine Transportation, LLC to sell 14 of its offshore tugs, 12 of which currently constitute Tidewater’s total domestic fleet of offshore tugs. In addition, two tugs scheduled to return from interna
Shanghai International Port (Group) Co., China
