Petroleum minister Murli Deora on Sunday flagged off research vessel JOIDES Resolution from Mumbai Port to undertake gas hydrate drilling work in the western and eastern sea. The objective of this drilling programme is to take out cores and carry out scientific studies on the gas hydrates in selecte
Hyundai Group chairwoman Hyun Jeong-eun Tuesday told her late husband
The Construction Equipment Division recently secured a selling agreement for 620 construction equipments worth
Unions have called for a fair fight for a new $2 billion shipbuilding contract after Williamstown shipbuilder Tenix last year lost its $6 billion warship contract to Adelaide. Tenix is in the running for the new contract to produce two amphibious landing ships for the Australian Defence Force. A con
American Commercial Lines Inc. (“ACL” or the “Company”) (Nasdaq: ACLI) today announced it has secured a $30 million multi-year contract with Statia Terminals New Jersey, Inc., a division of Valero, LP to build ABS certified ocean tank barges. Construction at Jeffboat LLC, a division of ACL, will sta
Hercules Offshore, Inc. (Nasdaq: HERO), today reported net income of $30.9 million, or $0.98 per diluted share, on operating revenues of $56.1 million for the first quarter of 2006, compared to net income of $11.4 million, or $0.48 per diluted share, on operating revenues of $34.1 million for the fi
Larsen & Toubro Ltd (L&T) has forayed into the shipbuilding business by bagging a Rs 440 crore contract from the Netherlands-based Zadeko Ship Management CV to construct four ships. The vessels would be built at a new shipyard, part of the L&T’s engineering complex at Hazira in Surat and the product
More than 70,400 acres of New Jersey oyster beds that were closed a week ago because of an oil spill in the Delaware Bay can reopen today, the state Department of Environmental Protection said yesterday. Oysters sampled from the most heavily affected waters showed no evidence of petroleum, the DEP s
Eight sailors were saved and one were still missing after a cargo ship capsized on early Tuesday morning off the coast of East China’s Fujian Province, said the local maritime bureau. The accident occurred at about 5:20 a.m. in the seawater near Jiangjun’ao of Zhangpu County when the ship Jinhaida-8
SBM Offshore N.V. is pleased to announce that the Company has recently received a number of Letters of Intent and Contract Awards as follows: FPSO for Chevron, Frade, Brazil / Tanker Loading and Discharge Terminals for India / Basic Design Packages and Supply of Proprietary Hardware Components for J
Kalmar, the business area providing container handling solutions within Cargotec, has received an order for 12 E-One RTGs (rubber-tyred gantry cranes) from South African Port Operations (SAPO). The RTGs will be delivered to the port of Durban in South Africa. The deliveries of the first six RTGs wil
Transocean Inc. (NYSE:RIG) today announced that its report of drilling rig status and contract information covering the company’s offshore drilling fleet has been updated as of May 1, 2006. Drilling rig status and contract information on Transocean Inc.’s offshore drilling fleet has been condensed i
Four Chinese workers have been killed on Monday during an explosion accident aboard a Singapore-owned oil tanker, the Chinese Embassy to Malaysia confirmed. An explosion, believed to be an accident, occurred Sunday evening aboard the Singapore-owned 300,000-ton age oil tanker “SUVA” as it traveled i
The U.S. Navy has awarded General Dynamics Electric Boat a $10,991,000 modification to an existing contract for submarine modernization and related work at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Initially awarded in October 2001
