Vinashin and MacGREGOR signed a memorandum of agreement to establish a joint venture in Vietnam to produce ships
Shipping ministry is trying its level best to help Indian shipyards by appealing to finance ministry to exempt the sector from the ambit of service tax. The ministry believes that without such an exemption, it would be difficult for local shipyards to remain competitive.
n mid-February 2006, amid controversy over Iran’s nuclear research program, China and Iran announced an energy deal potentially worth US$100 billion.
Growth of cargo is expected at about 10.5 per cent this year while growth of ship tonnage is estimated at 15 per cent, according to industry sources.
An estimated $4.5 million beach renourishment project in North Carolina calls for moving sand well into the summer, when dredging typically is off limits to protect endangered animals.
A derelict fishing boat that has been grounded in the Tanapag Lagoon for nine years was finally removed late last month.
GREENPEACE activists used chains and oil drums to prevent four pirate fishing trawlers from leaving Rostock harbour on Saturday. One vessel was chained to the harbour wall and hung with a banner reading ‘Stop pirate fishing’.
The Manitowoc Company, Inc. today announced that it will participate in the Lehman Brothers High-Yield Bond and Syndicated Loan Conference, which will be held at the Disney Yacht & Beach Club Resort from March 15 through March 17, 2006.
Continued piracy in the Gulf of Aden and in the Arabian Sea is threatening Yemen’s fishing industry, a high-ranking official was quoted as saying.
United Development Company (UDC), the owner and developer of the $2.5bn offshore island project
The crew of an Australian frigate has been involved in a tense stand-off with six Iranian gunboats while guarding Iraq’s vital oil platforms in the northern part of the Gulf.
Egypt is holding talks with Saudi investors on providing safe and fast ferries to transfer pilgrims following the tragic incident of the sunken Al-Salam 98 ferry in which some 1000 people died, Egyptian Transport Miniter Muhammad Mansour revealed Sunday.
Two cargo ships collided near a central Philippine harbor, causing one to sink. A coast guard vessel and the other ship rescued all 22 crewmen from the sunken vessel, officials said today.
A Russian cargo ship is at the centre of a rescue operation off the coast of Northern Ireland. The 1,500-tonne vessel with six crewmen on board developed engine trouble on Saturday and is currently drifting nine miles off Millisle, County Down.
