As the US starts to count the massive conservation costs of the current oil slick disaster off the coast of Louisiana , agreement by the UK government to allow two companies to begin seismic surveys in preparation for potential future oil and gas development in the Moray Firth, Scotland has been con
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Thoresen Thai Agencies has snapped up a supramax newbuilding from Greek principals for $34.5m, the company said Friday. The 57,000-dwt ship has been acquired from Meadway Shipping & Transport and was handed over to its new owners on Thursday.
103-metre catamaran now well underway with the first modules now erected after their completion in the new Module Manufacturing Facility. Just over six months after the official opening of Austal’s new Module Manufacturing Facility (MMF) in November 2009, Austal USA hosted a keel-laying ceremony at
Hong Kong North West Express Limited has just taken delivery of two Damen Fast Ferries 3810 for its new service between Hong Kong and Macau. The fledgling Hong Kong firm is due to start up its first-ever service by the end of the year. Hong Kong North West Express chose the Damen Fast Ferry 3810 [&h
Under a new master plan, the UK south coast port of Poole stands to significantly increase its yachting facilities over the next five years. With an investment well over £20m, the plan includes two new marinas and the provision of a new cruise ship mooring system that could also be used by visiting
Royal Boskalis Westminster N.V. has successfully closed an inaugural USD 450 million US Private Placement Notes program with 26 institutional investors in the United States and United Kingdom. The significantly oversubscribed program consists of three tranches with maturities of 7, 10 and 12 years a
The Federation of Irish Fishermen (FIF) today welcomed what they see as an upbeat message from Irish fisheries board BIM’s new three-year strategy “Delivering on the potential of Irish Seafood” which as reported on fishnewseu.com, was launched on Friday. Eibhlín O’Sullivan, FIF Chair, said “ We welc
Infratil’s manager HRL Morrison & Co, which has a global infrastructure investment mandate from the New Zealand Superannuation Fund, is leading one of five groups bidding for the Port of Brisbane. The port is being sold by the Queensland state government and is expected to fetch more than A$2 billio
Deliveries of new containerships will hit a record monthly high of 200,000 20-foot equivalent units (TEUs) in July, extending a year long influx of capacity that may stall the recent rise in ocean freight rates, a leading analyst said. The previous record was set in April 2008 when deliveries totale
The Netherlands has aimed at changing its approach towards Bangladesh from a ‘traditional development partner’ to an active ‘trading counterpart’ to boost productive sectors, business and knowledge exchange.
At the end of the first half of 2010 (as of 24 June) 2five exploration wells on the Norwegian shelf had been completed. During the same period last year, 33 exploration wells were drilled. 19 of the 2five are wildcat wells (new prospects) and six are appraisal wells (for delineation of earlier disco
A $500 million plan to dredge Gladstone Harbour to cope with the massive LNG ships has been given the green light by the State Government. The decision is likely to ignite a David and Goliath battle, pitching the tiny community of South End, on Curtis Island, against some of Australia’s biggest comp
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and undeveloped field opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling operations have commenced on the Anne Marie prospect (Faroe Petroleum 12.5%), located
