Shipping and freight rates have gone up for shipments between the Far and the Middle East by 35-40 per cent over the last year, officials said. Shipping lines belonging to the Gulf-based Informal Rate Agreement (IRA) increased rates by $200 (Dh736) per 20-foot-equivalent unit (TEU) as of April 1, sa
The Becker product portfolio has been widened again with HERACLES, a flap rudder especially developed for the demands of the Benelux shipping market.
The European Union is suing Italy in the European Court of Justice for ignoring an order to scrap a law giving money to companies that buy bankrupt firms employing more than 1,000 people. In a separate decision Thursday, it told Italy to stop covering the risk of loans for Italian shipbuilders, sayi
The Port of Duluth-Superior’s 2005 St. Lawrence Seaway navigation season is scheduled to open at approximately 1 a.m. Monday with the arrival of the Bahamian-flagged Utviken under the Duluth Aerial Lift Bridge. The vessel will proceed to Duluth’s Cargill grain facility to load about 18,000 metric to
Chinese and Saudi Arabian interests, with billions of dollars at their disposal, are behind moves to establish a sand-mining industry based in Taranaki. Representatives are in the region holding behind-the-scenes meetings with various parties over the industry, which they say has the potential to be
Australia
Azim Premji, Chairman of Wipro Ltd, has expressed dissatisfaction over lack of progress in development of new sea-port facilities in the country. He also identified water resources and power as the two other areas that need immediate attention.
West Marine, Inc. (Nasdaq:WMAR) today reported that net sales for the thirteen weeks ended April 2, 2005 were $125.6 million, a decrease of 2.8% from net sales of $129.2 million a year ago. Comparable store sales for the first quarter of 2005 decreased (6.6%), compared to strong comparable store sal
Day four of the RYA Youth Championships and Trials brewed wild and windy even before the competitors had left the shore, and the race committee were keen to get the competitors in and out as quickly as possible due to a forecast of increased breeze. The three course areas were set closer to shore al
The year 2004 was, overall, a very good year for the Oregon commercial fishing industry, according to the draft of a study by Hans Radtke and Shannon Davis, the Research Group. The year represented, in several ways, a turnaround after several down years. That turnaround occurred in part because of c
SA’s major deep sea fishing groups were “shocked” by the changes in policy introduced in government’s proposed allocation of long-term fishing rights, Irvin & Johnson (I&J), MD Mo Kajee said yesterday. Kajee said that when medium-term quotas were granted four years ago the implication was that they
The Norwegian concern that owns Kvaerner Philadelphia Shipyard Inc. is reorganizing the company into a new one that will also own the ships it builds. Details of the reorganization were revealed last month by Kvaerner ASA, the shipyard’s Norwegian parent company.
Local politicians have waded into the offshore dredging debate, claiming that more research needs to be carried out into the effects on the region’s coastline. Both MP for Yarmouth Tony Wright and the Great Yarmouth Liberal Democrats have expressed concern on the subject. Mr Wright has attacked plan
KBR, the engineering, construction and services subsidiary of Halliburton (NYSE:HAL), has been awarded a contract by Daewoo Shipbuilding and Marine Engineering Company, Ltd. (DSME) to provide engineering design and procurement services for the topsides for ChevronTexaco’s Agbami floating production,
