China’s Dalian Port is receiving the first very large crude carrier nearly two weeks after a pipeline blast that spilled oil into the sea and forced its only 300,000-tonne berth to shut, state media said on Thursday. The resumption of oil discharging from China-flagged tanker “Yuanshanhu” started at
The opposition to the P18.7-billion Laguna Lake dredging project has reached the provincial level with no less than the governor here opposing the project. Rizal Gov. Casimiro “Jun” Ynares, III, who is also member of the Laguna Lake Development Authority (LLDA) and a former LLDA head, said he is ser
Seafox has chosen the Keppel FELS Limited’s (Keppel FELS) multi-purpose self-elevating platform (MPSEP) design as the basis for a new-generation, wind turbine installation vessel that can withstand harsh offshore environmental conditions all year round in water depths of 65 metres in the North Sea.
The first ship destined to take Canadian wheat to European markets arrives in Churchill today greeted by Agriculture Minister Stan Struthers. “The arrival of the first ship is an exciting time and an important marketing link for the grain produced in Manitoba and across the prairies,” said Struthers
Chinese lenders’ attempts to expand financing for ships are being held back by tax regulations and a lack of expertise, according to Bank of Communications Co. “Banks have a strong interest in ship financing as they have abundant money seeking investment,” Cao Xingyuan, the head of shipping at BoCom
Pedro-Boat, a Dutch manufacturer of steel-hulled motorcruisers, has appointed Global Yachts as its new Cantia dealer in the UK. Located in Hamble Point Marina, Southampton, Global Yachts has been active in the brokerage of motor and sailing boats for several years. The company, which is headed by ma
Somali pirates have released a Turkish owned ship with 21 crew members onboard after four months in captivity, EU naval force confirmed on Thursday. Naval Force spokesman John Harbour said the Malta-flagged MV Frigia which was seized on March 23 this year in the pirate- infested waters of Somalia wa
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, today reported financial results for the first quarter of its fiscal year 2010 ended June 30, 2010. Revenues for the first quarter of fiscal 2010 increased 33 percent to $97.2 million from $73.0 million for the
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, today reported financial results for the first quarter of its fiscal year 2010 ended June 30, 2010. Revenues for the first quarter of fiscal 2010 increased 33 percent to $97.2 million from $73.0 million for the
A consortium, including LUKOIL Overseas (a 100% subsidiary of OAO LUKOIL) and Vanco International of USA, has won a tender for exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea. The respective stakes of LUKOIL Overseas and Vanco in the conso
A 1,258DWT, St Vincent and Grenadine-flagged general cargo vessel ‘Janina’ was towed to safety after it was holed by a fishing boat. The vessel was at anchor near Rotterdam, The Netherlands. The fishing vessel ‘GO 27’ collided with the ‘Janina’ in the early hours of July 26, resulting in a crack in
State-owned port operator PT Pelabuhan Indonesia II plans to invest Rp 700 billion ($77.7 million) more in the next 12 months to revamp … By Faisal Maliki Baskoro (thejakartaglobe) [mappress] Source: thejakartaglobe, July 30, 2010;
DB Schenker Rail Polska is to invest EUR22.5 million (US$29.24 million) in the Baltic Sea Polish ports of Szczecin and Swinousjscie by expanding facilities in the addition of new wharfs and cranes by 2018 with the ports’ authority. DB Schenker Rail Polska CEO Hans-Georg Werner said the company would
The proposed Sovereign Wealth Fund (SWF) to be set up to invest funds generated from the LNG project abroad will boost the country’s economy… [mappress] Source: eastwestcenter, July 30, 2010;
