The output of China’s shipbuilding industry reached 12 million tons in 2005, making up 18 percent of the global share, according to the China Shipbuilding Industry Association.
The British yacht Hugo Boss was sailing comfortably in 7th line honours position this morning, 71 miles behind leader Wild Oats XI at the end of the first night of the Sydney Hobart.
SEOUL (Yonhap) _ South Korea’s top three shipbuilders will likely win record-high orders worth US$23.3 billion in 2005, industry sources said Tuesday.
Royal Dutch Shell PLC says it has discovered oil off Brazil’s southeastern coast and wants to start producing by the end of the decade.
Organisers are tipping race records in both the Melbourne to Hobart and Melbourne to Launceston yacht races, with both getting under way in warm, windy conditions late Tuesday afternoon.
SYDNEY – Wild Oats XI started to assert itself against rival super maxi Alfa Romeo this morning, after light overnight winds frustrated the Sydney to Hobart yacht fleet and dented prospects of a new race record.
SYDNEY: Alfa Romeo overtook Wild Oats as the super maxis headed south in under record pace on Monday in the 61st Sydney to Hobart yacht race.
SHANGHAI – Damcos, a leading ship management system producer, has recently completed a 5,000 square meter plant in Shanghai’s Pudong New Area, its first in China.
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The War of the Whales in the Southern Ocean has descended into verbal jousting, with Japanese whalers calling Greenpeace pirates.
Bob Oatley’s Wild Oats XI is on target to win the 61st Sydney to Hobart race and become the world’s fastest super maxi by breaking a six-year record in the process.
The European Commission has proposed repealing an exemption that allows ocean container carriers in the Atlantic to function in “conferences,” aimed at bringing more competition and lower prices in Atlantic shipping.
The War of the Whales in the Southern Ocean has descended into verbal jousting, with Japanese whalers calling Greenpeace pirates.
The cost of development land in Dubai has increased by 184% over the last year and a half, with prices still rising, according to a survey by CB Richard Ellis and Construction Weekly magazine. The result could mean tighter margins for developers and contractors.
