Statistics New Zealand last week released fish monetary stock accounts showing that fish stocks had risen in financial value by 47 percent since 1996 to reach US$2.8 billion. New Zealand’s Fisheries Minister Phil Heatley said that the fishery industry made a vital contribution to the country’s econo
Japan’s Mitsubishi has been given a green light securing £100 million of new investment of wind power research in the UK. Mitsubishi Power Systems Europe is preparing to invest up £100 million in a research and development wind turbine project in the UK under a non-binding Memorandum of Understandin
A luxury cruise liner has crashed into a dock at the Egyptian Red Sea resort of Sharm al-Sheikh, killing three members of the crew, officials say. At least four other people were hurt when the Costa Europa, carrying 1,473 passengers, came into the harbour during bad weather at 0445.
Calcutta: Bengal’s clarion call for a new deepwater port in the state was heard by finance minister Pranab Mukherjee today when he announced the construction of a port at Sagar Island. [mappress] Source:telegraphindia,February 28,2010;
Port Otago’s up to $100 million plans for deepening 13km of the its shipping channel is its largest single capital expenditure project. Dredging began in 1866 and has since removed about 34 million cubic metres of spoil. [mappress] Source:odt,February 26,2010;
Federal regulators have received leasing proposals from two Virginia companies seeking to develop offshore wind farms capable of supplying clean energy to hundreds of thousands of homes. Apex Wind Energy Inc. is proposing to lease 116,000 acres for an undetermined number of wind turbines with the po
THE BAHAMIAN cruise industry is set for another boost this year with the introduction of two mega vessels commissioned by Norwegian Cruise Lines (NCL) and Royal Caribbean Cruise Lines (RCCL), Tribune Business was told yesterday, while the Oasis of the Seas’ Bahamas sailing itinerary will drop to two
CMA CGM, the struggling French container shipping line, will receive no conventional state aid but has spent months trying to persuade France’s sovereign wealth fund to invest, its finance director said yesterday. Jean-Yves Schapiro also told the Marine Money conference in Hamburg that efforts to br
Belgian builder CFE said its dredging operation would slow down contraction in 2010 after the unit helped temper declines in its construction division in Luxembourg and central Europe last year. CFE, 47 percent owned by France’s Vinci (SGEF.PA: Quote, Profile, Research), said on Thursday it hoped to
Rolls-Royce pays 2.1 billion to secure full ownership of Odim’s shares. The company currently holds 33 per cent of the issued share capital. Odim’s Board has agreed to the voluntary cash offer of 45 kroner per share.
Thursday 25 February 2010 saw the flag-changing ceremony for the new MSC Magnifica cruise ship. The fourth ship in the Musica class, MSC Magnifica is also the tenth cruise ship built in Saint-Nazaire for the owner MSC Cruises. MSC Magnifica is 294 metres long, 32 metres wide and 60 metres tall, and
But the oceans are under extreme pressure and many fear we are running out of fish. The experience of the Grand Banks Cod Fishery, off the eastern US coast, serves as a grim warning. It had been landing tens of thousands of tonnes of cod every year for centuries.
The USA’s last remaining sardine cannery is going out of business due to US federal limits on the amount of herring that can be caught. It’s now turning the business into money losing enterprise. Stinson Seafood plant manager Pete Colson explained that the Stinson’s parent company, Bumblebee Foods h
2009 was a safe year for the port of Rotterdam, during which important steps were taken to guarantee safety and order even further. It was with this conclusion that Jaap Lems presented the nautical annual results for the port of Rotterdam from his ‘cabin’ on the eighteenth floor of the World Port Ce
