The European Commission proposed on Wednesday a sweeping overhaul of the transatlantic container shipping business in a move it said would increase competition and lower costs.
Officials in China inaugurated the first five berths of a planned megaport that Chinese authorities envision as the largest container-shipping facility in the country
The Finnish forestry group UPM-Kymmene landed Wednesday the biggest plywood order in the history of the company from Daewoo Shipbuilding & Marine Engineering, a Korean manufacturer of liquefied natural gas carriers.
Hydro has entered into an agreement with Transocean Offshore (North Sea) Ltd NUF to lease the drilling rig “Transocean Winner” for a three-year period.
As part of a major fleet expansion programme, the Istanbul Metropolitan Municipality in Turkey has signed a contract with Damen Shipyards Gorinchem for the construction of 5 new “Sea Buses”.
The Yangshan Deep-Water Port is expected to serve 65 cargo ships sailing to or from Europe within a month of opening. This is the heaviest schedule a local port has ever had during its first month of operations.
ExxonMobil has spent over N39.60 billion ($300 million) on rig operations in Nigeria and other West African countries in 2005.
GE and ANZ Investment Bank Arrange US$120 Million Debt Facility for Sevan Marine’s Innovative, High Tech Floating Oil Production, Storage, Offloading Unit to Be Chartered To Petrobras
Local ship building company, NGV Tech Sdn Bhd, has entered the final phase of negotiations with a French consortium for a RM750-million contract to build several passenger ferries, its executive chairman Zulkifli Shariff said.
MUMBAI: The country’s largest private shipyard, ABG Shipyard, entered the bourses of the Bombay Stock Exchange by listing its recently concluded IPO at Rs 280 per share as against the price band of Rs 185 determined by the company.
Big Boat Challenge 2005 on Sydney Harbour: The start – a mini-version of the Rolex Sydney Hobart Yacht Race on 26 December. The finish
There are only four days left until the start of the 2005 Sydney International Regatta (SIR), with plenty of talent ready to hit the water.
The duel between Blue Tango and Bree was the talking point of the annual Sail Rock race held on Saturday by the Whangarei Cruising Club.
Following the success of the 2002 inaugural event, Challenge Business has today announced that the Challenge Transat race – from Southampton to Boston and back – is to be run again next summer with a start date of 13 August.
