SEATTLE
Omega Navigation Enterprises Inc. a provider of global marine transportation services, said on Wednesday that it took delivery of two product tankers, which will be renamed “Omega Princess” and “Omega Lady Sarah”. Omega said so far it has taken delivery of five double hull product tankers and has ag
Jumbo exercises option for 4th 1,800t lift capacity J-class vessel. In 2004, Dutch heavy lift ship operator Jumbo set a world record with the introduction of the first J-Class 1,600t lift capacity vessels, the mv Jumbo Javelin and the mv Fairpartner. In order to meet the growing demand of the oil &
A joint venture of Dutch contractors BAM Civiel and Van Oord Nederland signed a design and construct contract for a new railway on 4 July 2006. The client is Prorail. The contract is for a part of the Hanzelijn, a new railroad between the Dutch cities of Lelystad and Zwolle. The execution of the pro
An attempted pirate attack on a Japanese cargo vessel off Indonesia on Tuesday has alarmed shipping companies plying the Malacca Strait, a bottleneck that is critical for far eastern commerce. About half of the world’s traded oil passes through the 550-mile channel, which links the Indian Ocean to t
It will take about three days to complete off-loading the bunker fuel from a ship stuck on a sandbank near the East London harbour, the National Ports Authority (NPA) said. Terry Taylor, the NPA spokesperson, said about eight containers are being removed from the ship per hour. “It is going extremel
The Vietnam Shipbuilding Industry Corporation (Vinashin) signed shipbuilding contracts with foreign partners, including those from Japan, Germany and Israel, worth nearly US $4.5 billion in the first half of the year. Cargo ships under these contracts were mostly of 5,300 to over 56,000 tonnes.
The Australian oil exploration company Santos announced last Friday an oil and gas discovery at the Dua-4X exploration well currently being drilled in exploration Block 12E, offshore of Vietnam. Initial tests at the Dua-4X and Dua-4X ST1 wells, operated by Premier Oil, discovered oil and another wel
Great Eastern Shipping Company Ltd., (GE Shipping) today said it has signed a contract to sell Aframax crude carrier ‘Jag Leena’. The sale of the 1985 built crude carrier was in line with the increasing preference towards double hull tankers – a ship equipped with double skin of steel separated by a
The U.S. Navy awarded a Lockheed Martin-led team nearly $198 million for construction of the Navy
An Australian marine salvage company has been called in to rescue a bulk carrier that ran onto a reef off Papua New Guinea. The Zhi Qiang, loaded with Australian sugar out of Queensland, hit the reef about 525km east of Port Moresby on Saturday, an Australian Marine Safety Authority (AMSA) spokeswom
One sector where China has promoted import substitution is shipbuilding, where it has leveraged the purchase of its first contracts of liquefied natural gas to ensure the tankers carrying the resource from foreign fields are built in China. Guangzhou Shipyard, which gained 60 per cent of revenues fr
Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is pleased to advise that the Company has exercised its option for a fourth ice class Panamax at Jiangsu Rong Sheng Heavy Industries. The vessel of 75,000 dwt will be delivered early 2009. The agreed purchase price is USD 34.5 million. The
FROM its beginnings as a shipping operator between Adelaide and Melbourne in 1875, it took more than a century for Adelaide Steamship to reach its peak in the 1980s as one of corporate Australia’s high-flyers. It soon became one of our largest corporate collapses. In its early years Adsteam became o
