Fairmount Heavy Transport N.V. is pleased to announce the closing of its USD 50 million private placement of new equity. The proceeds from the offering will be used to acquire the semi submersible barges BOA 19 and 20 from BOA Offshore AS in Trondheim, Norway, and for general corporate purposes. The
The National Maritime Authority (NMA) and the Nigerian Liquified Natural Gas (NLNG) company have commenced moves to begin training of cadets of the Maritime Academy of Nigeria (MAN) following Government’s decision to develop the nation’s capacity in seafaring.
Dubai Maritime City is establishing a shipping registry office, which will be open to both foreign and national ownership of vessels and will be the first of its kind in the Middle East.
In a major boost to cruise shipping in the country, the Union Government allowed operation of cruise services by a Malaysian cruise liner on two sectors – Mumbai to Lakshadweep (Kadmat island) and Mumbai to Goa –which are expected to start operations by October this year. The Shipping, Road Transpor
Oil and Natural Gas Corporation (ONGC) has decided to hire a floating platform sub-sea operation (FPSO) from overseas to restore the functioning at its oil processing platform, Bombay High North, which was engulfed by fire last week.
PORTSMOUTH
Ferguson shipyard on the Clyde has lost out to a Polish firm on a key fisheries vessel contract from the Executive.
Korea’s three largest shipbuilders said yesterday that they have won orders from a major global liquefied natural gas project. Daewoo Shipbuilding and Marine Engineering, Samsung Heavy Industries, and Hyundai Heavy Industries won orders to build 12 liquefied natural gas vessels from the Qatar RasGas
Vietnam’s state-run ship builder will issue bonds worth 500 million dollars this year to raise funds for key projects, including the construction of 15 vessels for a British company. No exact date has been fixed for the sale of the bonds to overseas Vietnamese and to foreign companies in the interna
Halterm Ltd., a wholly owned subsidiary of the Halterm Income Fund, says it will provide container handling services in the port of Halifax to China Shipping (North America) Holding Co. Ltd. under a new three-year deal. Units of the Halterm fund (TSX:HAL.UN) shot up nearly 20 per cent Tuesday, gaini
President Susilo Bambang Yudhoyono officially opened the Asia-Pacific ministerial meeting on the Millennium Development Goals at the Jakarta Convention Center on Wednesday. In his opening speech, Susilo said that regional cooperation should not only be rhetoric but it must be applied to achieve targ
On Wednesday 3 August 2005 Odense Steel Shipyard presented its latest newbuilding for the A.P. Moller – Maersk Group.
Petrobras has submitted two letters of intention to MODEC Inc, for the chartering of one FPSO for use in the RJS-409 and RJS-415 areas development project located to the south of the Espadarte Field and (ii) and FSO (Floating, Storage and Offloading unit) for the Director Plan for Flow and Treatment
Daewood Shipbuilding to build five LNG tankers Seoul, Aug. 1, 2005 (WAM) — Daewoo Shipbuilding & Marine Engineering Co.,will build five large liquefied natural gas (LNG) tankers valued at US$1.20 billion for Qatar Liquefied Gas II which is a joint venture between Exxon Mobil Corp. and state-run Qata
