Australia will help the Philippines assess its maritime surveillance and response capabilities in a bid to improve security in the region, Defense Minister Robert Hill said June 18. The initiative emerged from a two-day security seminar held in Manila this week to examine how Australia could work mo
China COSCO Holdings Co Ltd, the country’s biggest container shipping firm, will raise up to HK$12.9 billion (US$1.6 billion) in a Hong Kong IPO, according to the company’s prospectus released yesterday. China COSCO, operator of the world’s seventh-largest container fleet and the largest in the coun
Technological progress has played a key role in the rapid development of China’s shipbuilding industry, said Zhang Guangqin, deputy director of the Commission of Science, Technology and Industry for National Defense at a press conference held by the Information Office of the State Council. China is
Emma Richards and her crew on her Pindar Alphagraphics won the Open 60 class in the annual Round the Island race. Along with her partner, Mike Sanderson, skipper of ABN Amro in the upcoming Volvo Ocean Race, and other members of the ABN Amro crew, Pindar was first away from a light-wind start early
Venerable Norwegian shipowning company Wilh Wilhelmsen said Monday that it was taking over maritime supplier Unitor. Wilhelmsen already has agreements to buy more than 90 percent of Unitor’s shares. Wilhelmsen is paying NOK 73.50 per share, which values the takeover at nearly NOK 1.3 billion (USD 20
Western Intelligence services have long asserted that Al-Qaeda has an ambitious maritime capabilities program. Reportedly, operatives have received swimming and scuba training for demolitions and suicide attacks. Al Qaeda is also reported to own or control an estimated two dozen merchant ships world
The Maritime Safety Authority expects more information this week about a Cook Strait ferry’s close call that resulted in the captain being suspended. The incident happened when the Bluebrtime seek details of ferry close-call
Daewoo Shipbuilding and Marine Engineering, the world’s second largest shipbuilder, is likely to be sold to a local buyer, the company’s chief executive said on Wednesday. The South Korean government is planning to sell its controlling stake in the shipyard.
MINISTERS at Holyrood and Westminster became embroiled in an extraordinary turf war last night, as both sides tried to secure the best deal for a Clydeside shipbuilding firm. Scottish Executive ministers were left fuming after their Westminster counterparts decided to go to Europe in an attempt to s
The plight of Ferguson’s shipyard yesterday prompted a row between Holyrood ministers and the local Labour MP who claimed he was trying to save jobs in his constituency. David Cairns, deputy Scottish secretary and MP for Greenock and Inverclyde, angered the Scottish Executive by contradicting minist
The State Duma on Wednesday approved long-awaited amendments to a legislative package that could ease business for Russian shipowners and could potentially infuse billions of dollars into the domestic shipbuilding industry. Over 400 deputies voted in the first reading for the amendments in federal l
China is expected to build ships totaling more than 10 million dead weight tonnage (dwt) for the first time in its history, said an official in charge of the country’s shipbuilding sector on Thursday in Beijing.
In a pioneering move, the Connexion by Boeing broadband service, already offered by several airlines, is being launched for maritime use in 50 ships operated by the London-based Teekay Shipping Corporation. Teekay has a fleet of 140 ships and transports 10 percent of the world’s oil, the company sai
The United States and Indonesia should boost intelligence and security cooperation to stem maritime terrorism in heavily traveled sea lanes around the vulnerable Southeast Asian archipelago, a study published on Wednesday said.
