ABAN Offshore said on Wednesday that reinsurers have settled a claim worth $235 million for its semi-submersible rig, which sank in the… [mappress] Source: Economic Times, July 29, 2010:
The Valhalla’s huge “clamshell” scoops into the channel bottom, hauls up a dripping load of sediment, swings it over the water’s surface to a receiving scow and drops it in. Twenty-four hours a day, seven days a week, the Manson Co. vessel is hard at work dredging the Port of Long Beach’s main chann
Royal Dutch Shell reported second-quarter income attributable to Royal Dutch Shell shareholders of $4.39 billion, higher than $3.82 billion… (rttnews) [mappress] Source: rttnews, July 29, 2010;
Delaware’s Congressional delegation announced today that it had secured $8.2 million in federal funding to repair the Bethany Beach and … (delmarvanow) [mappress] Source: delmarvanow, July 29, 2010;
Stabilisation work is to start next month on the north and south piers of St Aubin Harbour and the breakwater at St Aubin’s Fort… (bbc) [mappress] Source: bbc, July 29, 2010;
It is now less than 2 weeks to go until Pendennis hosts the 2nd Pendennis Cup in Falmouth. Following the success of 2008 we have seven yachts confirmed with potentially more still interested. With over 200 crew visiting for the week’s racing and another 150 guests the event will provide plenty of ex
It is reported that the smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron ore prices signal improving Chinese demand that will ease the transport glut. Deutsche Bank AG said Chinese steel prices rose 4.7% last week, the most in 11 months.
Dubai World’s global port operator said Tuesday business jumped 16 percent in the first half of the year as the shipping industry showed signs of life following a severe slump caused by the global downturn. Cargo volumes were up most sharply at ports DP World manages in Asia, Australia and parts of
The Financial Supervisory Commission (FSC) said Wednesday it has given approval for Yangzijiang Shipbuilding (Holdings) Ltd. of China to issue Taiwan depository receipts (TDRs). Yangzijiang Shipbuilding is the first Chinese company to obtain approval to raise funds on the Taiwan market, amid warming
In response to a series of high-profile assaults and disappearances on cruise ships in recent years, President Obama signed into law Tuesday tougher new rules for reporting crimes at sea, improving ship safety and training ship staff on collecting assault evidence. The $40-billion cruise line indust
The Bligh Government has appointed Ms Kay Gardiner as Queensland Gas Commissioner to monitor and guide development of the State’s gas market in the context of the emerging Liquefied Natural Gas (LNG) industry. Mines and Energy Minister Stephen Robertson said today Ms Gardiner brings to the position
Marine installation contractor OMM has bagged a deal with a German power operator to install new North Sea cabling. German grid operator Transpower Stromübertragungs has handed a deal to Offshore Marine Management for installation of cabling to connect the Bard Offshore 1 and BorWin alpha platforms
Maintenance dredging of the Newburyport Harbor Federal Navigation Project in Newburyport, Mass., will be completed under the terms of a $5,518,525 contract issued recently by the U.S. Army Corps of Engineers, New England District. The maintenance dredging, which will be accomplished by Great Lakes D
The European Union is the latest signatory to the South Pacific Regional Fisheries Management Organisation, which will oversee regional regulation of fishery resources from western Australia to South America. The EU signed the Convention on the Conservation and Management of the High Seas Fishery Re
