Technip has signalled that it is to start work on a Front End Engineering and Design study for a floating LNG vessel destined for a pre-sale oil discovery offshore Brazil. The French contractor is to work with JGC Corporation on the FEED as part of a design competition launched by Petrobras with BG
Royal Caribbean Cruises Ltd. today announced it has arranged commitments for unsecured financing in the amount of up to USD 1,130,000,000 or 80 percent of the contract price of Royal Caribbean International’s Allure of the Seas.
Lyttelton Port of Christchurch has lodged an application for resource consents to Environment Canterbury to deepen its shipping channel by up to 4 metres, so larger vessels can call over the full tidal range.
Policy makers on Monday proposed steps to address a plunge in ship orders this year in South Korea, home to seven of the world’s 10 largest shipbuilders. But there is little chance the industry here will avoid steep job losses and financial difficulties in coming years.
A cross-Channel ferry to France which has been operating from a Dorset town for the past 17 years will be withdrawn due to declining passenger numbers. Brittany Ferries said the Barfleur ferry between Poole and Cherbourg had been losing money since 2003 and would be taken out of service in the sprin
In January 2010 Finnlines opens a new weekly ro-ro service Kotka–Helsinki–Gothenburg–Bilbao–Antwerpen–Helsinki. The Swedish-flagged ro.ro vessels Finnmill and Finnpulp will be employed on the route after a charter on the Mediterranean.
“The increased demand for point-to-point service requires the use of transshipment hubs to coordinate feeder services to and from countries and ports with low-volume throughput,” said Mike Lee, Consultant, Transportation & Logistics, Asia Pacific at Frost & Sullivan. He added that there has been a u
South Korea and Russia signed an agreement Tuesday to control illegal fishing and related transactions starting in the new year, Yonhap news agency reported Tuesday, citing the Seoul government as saying here. The Ministry for Food, Agriculture, Forestry and Fisheries said the illegal, unreported an
Led by European utilities, the offshore wind industry is poised for substantial scaling over the next decade, with the global installed base expected to grow to nearly 45 GW in 2020 according to a new market study from Emerging Energy Research. With large northern European utilities driving the indu
CMA CGM has reached an agreement with its its financial partners regarding a USD 500 million credit line. “This important step will enable the group to pursue the current talks regarding its debt restructuring and a capital increase planned for the second half of 2010 with the arrival of new investo
Mitsui Engineering & Shipbuilding Co., Ltd. completed and delivered a 110,000 dwt type double hull crude oil tanker M.T. Caribbean Galaxy (MES Hull No. 1713) at its Chiba Works to South Eternity Shipping Inc., Panama, a subsidiary of Nan Fung Shipping Limited., Liberia on December 17, 2009. This is
A cross-Channel ferry to France which has been operating from a Dorset town for the past 17 years will be withdrawn due to declining passenger numbers. Brittany Ferries said the Barfleur ferry between Poole and Cherbourg had been losing money since 2003 and would be taken out of service in the sprin
Aberdeen company Subocean has won tens of millions of pounds of funding to allow it to expand overseas. The private equity arm of Lloyds Banking Group (LDC) has awarded Subocean £17m, with a further £25m coming from HSBC. The company, which is four years old, employs 90 people and has a turnover of
Last week, Jumbo Shipping’s HLV Fairpartner successfully discharged the longest load in Jumbo’s 41-year history of Heavy Lift Shipping. End of October, two tanker barges were loaded on board in Nantong, China. One of the barges, weighing over 1330 tonnes, had a record length of 135 m, the longest pi
