Rising container trade through the ports is a good sign the industrial property market is on the rebound, according to researchers at Jones Lang LaSalle. JLL’s associate director of research, Andrew Ballantyne, told BusinessDay that container trade was a good pointer to rising demand for goods, whic
STX Offshore & Shipbuilding it tipped to come up the top among South Korean shipbuilders in terms of the number of new orders in 2009. In 2008, STX came in second after Hyundai Heavy Industries. In 2009, STX received 23 vessel orders, worth a total of US$2.3 billion. The orderbook includes contracts
West coast shipbuilders are vying to win British Columbia an equitable share of $40 billion promised by Ottawa to upgrade Canada’s marine fleet. The federal Conservatives are expected to announce later this month how they intend to disperse funding for a massive upgrade of defence and security vesse
Foreign-owned beach properties, hotels resorts, and their supporting infrastructure of roads are causing major disruption to the livelihood of fishermen in Oman. “The beach is getting smaller… crowded and messy too, because of the new developments,” Omani newspaper, The National, quoted fisherman, K
Super Yacht Auction, a new initiative in the yacht market, is the first global auction platform for super yachts (> 24 metres). As of 1 January 2010 Super Yacht Auction will organise online and public auctions for super yachts. Super Yacht Auction is great news for those looking for new business pro
Royal Boskalis Westminster N.V. (Boskalis) announces that good progress is being made in the preparations for the merger with Smit Internationale N.V. (Smit), which was communicated in a joint press release on 12 November 2009. The due diligence is progressing well and the intention remains to reali
On Sunday evening, eleven suspected pirates were captured by EU Navfor and the Seychellois Coast Guard some 250 nautical miles north west off the Seychelles. The day before, an “EU Navfor Maritime Patrol Aircraft, stationed at the Seychelles, located a suspected pirate attack group with one mother s
Aberdeen-based Dana Petroleum is following through on a letter of intent signed a couple of months ago to acquire a further stake in exploration acreage offshore the Republic of Guinea. Under an original letter of intent with US-based Hyperdynamics last October, Dana agreed to acquire a 23% stake in
China Shipping Container Lines Co., Ltd. (CSCL), part of the China Shipping Group (CSG), has chosen Wärtsilä main engines for eight container vessels. The Wärtsilä engines for this order will be built under licence by Doosan Engine, Korea. Wärtsilä, the marine industry’s leading ship power system in
In 2010, Disney Cruise Line will offer the most diverse itineraries in the line’s history – sailing Mediterranean, Northern European, Caribbean and Bahamian routes. With a wide variety of European itineraries, Disney Cruise Line is working closely with local tour operators to create family-friendly
The Isle of Man Ship Registry has launched a new website to help promote its work. The improved site will make it easier for existing and new clients to use the site to register their vessels in the island, the government said.
The Indian government is developing more cruise-shipping terminals and related infrastructure, Shipping Minister G.K. Vasan said Monday. India is developing cruise terminals in Kochi and Mumbai and “ports in Chennai, Tuticorin, Mormugao and Kolkata have been identified for development of cruise faci
Bahrain’s new $361 million Khalifa bin Salman Port will attract more than 100,000 cruise tourists to Bahrain during the season, officials have said. Bahrain, as a market and a port, is a strategic location for all shipping lines and such projects will further develop many industries, including the t
On 26 November 2009, the container ship CMA CGM Iguacu called at the Port of Hamburg as part of the expanded sailing schedule for the Nigeria Express liner service operated by the OT Africa Line (OTAL). Hamburg is included for the first time in this liner service, which links the ports of Dakar, Lag
