The Ministry of Transportation and Communications (MOTC) will announce a series of measures this year to boost Taiwan’s shipping industry, said Yeh Kuang-shih, a deputy minister, yesterday. During a New Year reception by the island’s shipping association, Yeh lauded operators for their success last
Brazil’s state-owned Petrobras has disappointed South Korean builders keen on cashing in on a large order for drillships. On Feburary 22, an industry source reported that Petrobras had told South Korean sales teams that the orders for seven drillships would be handled domestically due to cost reduct
NewLead Holdings Ltd. announced that it has signed a Stock Purchase Agreement providing for the purchase of two Kamsarmaxes for an aggregate purchase price of $112.7m and signed a Memorandum of Agreement for the sale of the product tanker Chinook for $8.5m. “NewLead’s fleet continues to transform, b
The US defence department has decided to allow women to serve aboard submarines, according to officials. Defence Secretary Robert Gates has approved the recommendation and sent letters to Congress informing them of the plan.
Mangalore February 24, 2010: The Karnataka State Fishermen Action Committee has appealed to the state government to immediately take up dredging of all fishing ports in Karnataka. The committee has averred that if not, next monsoons will be very difficult for fishermen and marine accidents may be a
The Port of Salalah to embark on a major expansion of its container and general cargo terminals during the next phase of its development — an upgrade that would effectively launch Salalah into the major league of transhipment hubs of the world. [mappress] Source: Oman Daily Observer, February 23, 20
It is reported that the generation capacity of offshore wind farms in Yancheng, Jiangsu Province is expected to reach 12.3 million kilowatts [mappress] Source: steelguru, February 22, 2010;
It is reported that the generation capacity of offshore wind farms in Yancheng, Jiangsu Province is expected to reach 12.3 million kilowatts [mappress] Source: steelguru, February 22, 2010;
Indonesia is to soon receive a fishing training ship from Spain’s Asturias Gondan yard, the Antara News Agency has reported citing Transportation Minister Freddy Numberi and Maritime Affairs and Fisheries Minister Fadel Muhammad. The vessel is due to arrive in the next two days and will be used to s
A British rig has begun drilling for oil in the territorial waters of the Falkland Islands, despite strong opposition from Argentina. The platform has been towed to a point 100km (62 miles) north of the UK territory in the South Atlantic. Argentina claims sovereignty over what it calls the Islas Mal
Somali pirates have captured a Chinese fishing vessels in the Seychelles. The news comes as pirates issued a US$4 million ransom demand for the release of 36 crewmembers on a Spanish fishing vessel which was hijacked in October 2009. The average ransom demand is between US$2 and US$6 million.
Strike action by marine pilots at Wales’s largest port has been suspended following last minute talks. A ballot deadline has been extended after a break-through in negotiations between the Milford Haven Port Authority and the trade union Unite. Fifty pilots planned to walk out over proposed pension
Cobham SATCOM has announced the latest milestone for its Sea Tel range of Ultra Small Aperture Terminals. The USAT 24, 60cm (24 inch) Marine Stabilised Antenna has achieved another industry first by receiving full accreditation FCC license. Extensive on-satellite testing was accomplished to ensure t
Odfjell has entered into an agreement with SLS Shipbuilding Co Ltd, Korea, to acquire one 51,000 DWT IMO 3 product tanker. The agreed price is about USD 33.5 million. The vessel is scheduled for delivery medio April 2010.
