Engine and power system manufacturer Rolls-Royce has won a contract to supply 24 lightweight water jets for the navy of the United Arab Emirates. The watercrafts will team up with the navy’s fleet of fast patrol boats with the new order adding to the scores of Rolls Royce water jets already in servi
China Shipbuilding Industry Co raised 14.7 billion yuan (US$2.15 billion) in the country’s third-largest initial public offering this year. The country’s largest vessel equipment maker sold 1.995 million shares at 7.38 yuan each, the higher end of its price range, the company said in a statement to
While Thailand continues to be the largest exporter of tuna to the US, the rate of growth of exports from China grew the most in the first nine months of 2009. According to Atuna, Thailand reported an eleven percent increase of tuna exports from 65.9 million tonnes in 2008 to 73.7 percent in 2009. C
The European Investment Bank (EIB) has approved a Euros 150 million loan for the expansion of the Port of Barcelona in Spain. EIB Vice-President Carlos da Silva Costa and the Chairman of the Barcelona Port Authority, Jordi Valls, signed the finance contract in Catalonia’s capital earlier this week.
The Port of Dover could be sold off as part of government attempts to raise money to help cover the budget deficit. According to a government document, it is on a list of six ports that might be sold, with the proposals for Dover described as “the furthest advanced”.
The Cummins distributor in Manaus Brazil has recently performed sea trials on a new 3,200 hp harbour tug prior to delivery to the owner J. F. Oliveira Navegation Ltda. The Jos Guilherme IV was built by the Estaleiro Rio Negro Ltda at Manaus on the Amazon River.
Sydney Ports Corporation said on December 7 that it welcomed the findings of an Access Economics Report which highlighted the growth in cruising and the sector’s economic contribution to Sydney and the state economy. “The cruise industry is important to Sydney as we are Australia’s premier cruise hu
Royal Boskalis Westminster N.V. (Boskalis) announces the launch of an equity offering to raise up to approximately EUR 230 million. The proceeds of the share offer will be used to partly finance the intended public offer for Smit Internationale N.V. (see press releases 12 November and 6 December 200
New York area politicians and energy officials are moving ahead with what could be the nation’s largest offshore wind farm in the Atlantic Ocean 13 miles from Queens. The New York City Offshore Wind Collaborative, a group of utilities and government agencies, said Wednesday it would request proposal
Despite the depression and the financial crisis that hit the world economy during the autumn, 2008 became a record year for the world’s maritime transports. According to the UN agency UNCTAD’s annual Review of Maritime Transport, the international seaborne trade grew by 3.6 per cent to all-time-high
PORT SALERNO — Lined with marinas and restaurants, boatyards and fueling stations, the Manatee Pocket has long been a busy commercial hub for boating… Source: TC Palm, December 9, 2009;
The Palm Jumeirah is not sinking into the sea, contrary to speculation in recent days, a Nakheel executive says… Source: The National, December 9, 2009
Samudera Shipping Line Limited, Singapore, has gone live with the equipment control and transport management modules of city-based transportation and logistics software solutions provider Four Soft Limited’s shipping solution – 4S iShipping – to help manage and consolidate its shipping operations.
Construction has begun of a new ‘heavy lift’ inland port costing about €32m at Rendsburg on the Kiel Canal, the world’s busiest manmade waterway, linking the Baltic and the North Sea… Source: Maritime Journal, December 9, 2009
