The latest United States budget has moved away from the aim of scanning 100% of US-bound container cargo at over 700 foreign ports. The shift in policy follows a report that highlighted the failure of scanning plans, estimating that less than 5% of US-bound cargo was scanned at the world’s largest p
Wealthy investors are buying super yachts again and even those who can’t afford to buy them are indulging in the increasingly popular option of fractional ownership. Global sales of superyachts increased nearly five fold in the first two months of 2010, compared with the same period a year ago, as d
Last year cruise ships brought a record-breaking number of passengers to Portugal, setting a new high after more than 940,000 tourists disembarked from their liners at a Portuguese port. In total, 945,034 cruise ship passengers visited Portugal in 2009, easily breaking the previous record of 904,600
The Nanaimo Shipyard Group is worried cuts to Canada’s military budget will further reduce government projects that the shipbuilding industry relies on. Last week, the Conservatives’ budget showed that they expected to save $2.5 billion by slowing the rate of previously planned growth in the Nationa
A port survey has shown that the total investment earmarked for expansion and renovation projects along the 2,838km navigable length of the Yangtze river now comes to around $4bn… [mappress] Source: Port Strategy, March 11, 2010
Dutch dredging and marine contractor Van Oord says 2009 was “an extremely busy one” in its Netherlands region (which also includes Belgium). Said Van Oord: “Construction of Maasvlakte 2, a new area of the Port of Rotterdam, will further boost the port’s continued development.
Saudi Arabia becomes 13th country to deal with piracy at sea by signing the Code of Conduct on the Suppression of Piracy and Armed Robbery against Ships in the Western Indian Ocean and the Gulf of Aden (Djibouti Code of Conduct).
Transocean, USA, has announced that the newbuild ultra-deepwater drillship ‘Dhirubhai Deepwater KG2’, which is owned by a joint venture with Pacific Drilling, has commenced operations for Reliance Industries in India under a five-year drilling contract. The dynamically positioned ‘Dhirubhai Deepwate
The Centre has finally admitted that excessive siltation of Brahmaputra and Barak rivers was primarily reasons responsible for recurring floods in Assam… [mappress] Source: The Assam Tribune, March 11, 2010;
Fred. Olsen Windcarrier announced today it has placed an order with the Lamprell Energy Ltd. shipyard in Dubai for two self elevating vessels for installation of offshore wind turbines.
The battle lines were drawn as economic growth came face to face with cultural values in Mount Maunganui yesterday… [mappress] Source: Bay of Plenty Times ,March 11, 2010
BNL-Group BNP Paribas, Ifitalia and Fincantieri have signed a reverse factoring agreement which enables firms working with Fincantieri to unfreeze credit and draw on additional liquidity. The agreement, which reflects the close attention which Fincantieri pays to its network of suppliers, makes avai
At a time when only the bravest might consider a major investment in container shipping by way of a brand new venture as a bright idea, next month TCC – The Containership Company – say they will launch their new “no frills” service between the two countries.
Commercial fishermen affected by one of Australia’s worst oil spills say they are still waiting for compensation a year after the disaster. A 75 kilometre stretch of coastline from Moreton Island to the Sunshine Coast was coated with oil after the cargo ship Pacific Adventurer spilt about 270 tonnes
