The province hopes Ottawa will commit to funding $19.8 million for the dredging of Sydney Harbour when the two levels of government speak… By LAURA FRASER [mappress] Source: thechronicleherald, July 1, 2010;
United State’s Republican, Senator John McCain, has introduced legislation that would fully repeal the Jones Act, a 1920s law that he says “hinders free trade and favours labour unions over consumers”. The Jones Act requires that all goods shipped between waterborne ports of the United States be car
Expansion work on a third set of locks on the Panama Canal has officially begun. “Today, a new future begins for the country,” said Panama… [mappress] Source: thaindian, July 1, 2010;
Japan’s JX Nippon Oil & Energy Corporation plans to build an LNG satellite terminal in Kushiro City, Hokkaido. The Kushiro LNG terminal, which is scheduled to commence operations in April 2015, will have unloading facilities for LNG coastal tankers, one LNG tank with a capacity of 10,000KL and other
The Navy awarded a $175 million contract to Northrop Grumman Corp. (NOC) for procurement of materials and engineering and planning services for LHA 7, the second in the Navy’s newest class of large-deck amphibious assault ships. The first ship, America, LHA 6, is 25% complete.
Evergreen Marine Corp. said Thursday it is raising its shipping rates on its European routes and will add surcharges during the current peak season amid strong demand. The shipping company said the rates on its Europe- Mediterranean westward routes will be increased from July 1 by US$250 per twenty-
LLX Logistica SA, the company building Brazil’s largest port, said Royal Dutch Shell Plc and Mercuria Energy Asset Management BV may build storage facilities at the $40 billion project to tap into growing offshore oil output. Shell and Mercuria, an oil trader operating in more than 50 countries, hav
Cruise passenger arrivals in May rose by 71% from the same month last year to reach 55,068 persons, the NSO said today. There were 34 cruise liner calls. Passengers from EU countries amounted to 44,150, with Germany and Italy being the leading markets. Same-day visitors from Non-EU countries stood a
Sinopacific Shipbuilding Group Co Ltd is hoping to achieve leadership in the domestic shipbuilding sector against the backdrop of a sluggish world economy. Ningbo, Zhejiang-based Sinopacific over the weekend signed a contract worth $1 billion with French offshore oil and gas marine services provider
British-based flexibles supplier Wellstream has landed a new deal to supply SURF hardware Brazil under a deal with OGX. Wellstream’s new flexible’s plant in Niteroi, Brazil has been selected to supply subsea flowline,s umbilicals and flexible risers along with mid-water arches and related equipment
AWE Limited reports that at 0600 hours today (Indonesian time) the Liyun-1 well is at a measured depth of 1,162 metres and is currently testing underbalanced drilling equipment prior to running in hole and drilling ahead. Progress for the week was 671 metres. Liyun-1 is an exploration well in the Bu
Engineering work has begun on the Moonen 133 — the Dutch yard’s largest yacht to date. Expected to be called Sofia III, the 133 will have two noteworthy differences in comparison to other superyachts of her size.
The controversy surrounding the actual cost of the contract for the dredging of Nworie Rivers has being put to rest following the takeover of the contract by the Niger Delta Development Commission (NDDC) at the cost of N7.8b. Imo State Government had on the 24 June signed a Memorandum of Understandi
The Panama Canal Authority’s (ACP) new charging regime planned for January 1 has caused serious alarm among global shipping operators. In addition to general cargo, dry bulk, tanker and vehicle vessels facing rises of between 12 percent and 16 percent, it is understood container lines will incur a n
