Australian oil exploration firm, secured a US$100m seven-year financing to fund its share of the US$500m development costs of the offshore Chinguetti oil field in the Islamic Republic of Mauritania.
Sebastien Josse and his VOR team aboard ABN AMRO TWO have broken the 24 hour record run, pushing aside the previous record of 546 nautical miles set by senior brethren Mike Sanderson on ABN AMRO ONE during leg one of the Volvo Ocean Race.
I heard through the grape vine that there is a growing concern that these boats are dangerous and that we are being reckless out here. I just want to take this opportunity to say that I will happily sit down with anyone and explain…
GulfMark Offshore Inc. said Tuesday that it plans to build a second Aker PSV09 design vessel for a purchase price of about $30 million. Houston-based GulfMark (Nasdaq:GMRK) will be the majority investor in a joint venture for the construction of the vessel.
The World Match Racing Tour, the successor to the Swedish Match Tour, and the International Sailing Federation, ISAF, the world governing body for the sport of sailing, have signed a Memorandum of Understanding (MOU)
BHP Billiton (BHP) said Wednesday that it has resumed normal activity at its iron ore operations in the Pilbara region of Western Australia after it suspended shipping from its Port Hedland facility when the region was hit by tropical cyclone Clare Monday.
KOCHI: The proposed Dubai-Kochi ferry service, aimed basically at expatriate Malayalis in the Gulf region, is expected to commence operations in early February.
SEOUL (Yonhap) _ South Korean shipbuilders have lowered their targets for orders this year due to slowing market conditions and an expected drop in demand, industry sources said Wednesday.
NEW DELHI: Environmentalists want France to order back an asbestos-laden aircraft carrier at the centre of a major row over its voyage to the world’s largest ship graveyard on India’s west coast.
Vardeman was recently presented with the Insignia of the Commander of the Order of the Lion of Finland for his meritorious services for that country’s maritime industry.
A SYDNEY passenger ferry has struck a moored cabin cruiser shortly after a loss of power to one of its engines. The RiverCat Betty Cuthbert was on its way to a shipyard at Balmain, an inner-west harbourside suburb, for mechanical checks
Dubai, Jan. 11th, 2006(WAM)–Dubai Drydocks is expected to become one of the leading shipbuilders in the region, with the launch of its $60 million newbuilding panel line and steel structure assembly facility in July.
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Better still just minutes ago I received a message from Race Headquarters saying we had raised the bar to 563! What can I say, the boys are ecstatic! However, we are holding the celebrations for a while as the wind continues to blow hard
