The Singapore cruise industry is getting a S$10 million boost to help operators tap into strong growth potential in the business. The new Fly-Cruise Development Fund has already attracted a major company, Costa Cruises, which will partner Singapore in developing more cruise products for passengers.
Roy Heiner – Technical Sailing Director TEAM ABN AMRO: There is nothing in the world that can prepare you for something like this. These are sailors that need to continue in the future. Hans was a very personal friend, we sailed round the world together and I would like to share with you some of [&h
BoatStats, a new web site, has been launched to give surveyors, boat buyers and boat owners access to information previously locked up in thousands of yacht surveys carried out by professional yacht surveyors over the last ten years. CE Proof International Ltd has been working with a growing band of
Sumatec Resources Bhd has ordered two units of 8,000 deadweight tonnes (dwt) double-hull product oil tanker from a Chinese shipyard for US$11.6 million (about RM42.11million) each. In a statement to Bursa Malaysia on May 22, Sumatec said it had entered into a letter of intent (LOI) with Yangzhou Kej
Larsen and Toubro, India’s engineering conglomerate, has announced plans to exploit the current growth of the shipping industry in the Middle East. A M Naik, chairman and managing director of L&T, was quoted by Gulf News as having said: ‘Dubai presents a good future for the shipbuilding industry. Th
A senior manager at the Islamic Republic of Iran Shipping Lines has said that the country will need up to 500 ships over the next 15 years in order to maintain its regional position, reported Gulf News. The country will need up to 80 LNG ships in just the next few years to globally transport [&helli
The captains of foreign cargo ships will face detention by maritime law enforcement bodies if they are caught illegally dumping chemical waste in local waterways, maritime officials announced yesterday. In the past, captains of such ships would simply face a fine. Chen Aiping, director of the Shangh
After a tough leg that saw them destroy their headsail tack fitting, rip their mainsail, rip one wheel from the pedestal among many other serious problems, Brunel with Skipper Matt Humphries in charge crossed the finish like at Gilkicker point close to Portsmouth at 1016GMT and 32 seconds.
The battle lines are drawn. The protagonists are the mining companies which produce iron ore and the consumers, the steelmakers, in particular China. Iron ore is by far the largest bulk commodity shipped by sea. Australia and Brazil are the largest producers at about 22 million tonnes each per month
Malaysia-based shipping company MISC has just launched its largest container vessel, the 7920-TEU Bunga Seroja Satu, which has been placed on one of the line
VISAKHAPATNAM, Andhra Pradesh: Prime Minister Manmohan Singh yesterday said the port city of Visakhapatnam had the potential to become a special economic region and attract an investment of $10bn. Launching the Rs980mn urban development scheme under the Jawaharlal Nehru Urban Renewal Mission here, h
The Korea
The Port of Tanjung Pelepas (PTP) expects more new and larger container vessels of up to 12,000 twenty-foot equivalent units (TEUs) to call at the port when three of its super post panamax cranes being installed at Berth 8 commence operations on June 24. The new cranes costing RM82 million would ena
SINGAPORE : SembCorp Marine Ltd said on Monday it has bought 110.4 million shares in Cosco Corp at S$1.09 per share. It is buying Temasek Holdings’ entire equity in Cosco Corp for S$120.3 million. SembCorp Marine, the world’s number-two oil rig builder, will raise its stake in Cosco to 8.17 percent
