Transocean Ltd. (NYSE:RIG) announced today that the newbuild ultra-deepwater drillship Petrobras 10000 has commenced operations in Angola for a subsidiary of Petrobras under a 10-year drilling contract. Transocean has an agreement with the P&M Drilling International B.V. joint venture of Petrobras a
MOL has renewed the lease on its Los Angeles port facility via TraPac, its wholly owned terminal operator. Under the contract with the port, the terminal’s total space will be extended to 1.3 times the current area, allowing additional berths, on-dock rail facilities and access roads to be construct
Despite the global economic downturn, Thailand’s shrimp industry remains vibrant with growth in both volume and value expected in 2009. According to the Bangkok Post, local shrimp production has increased five percent in 2009 to 520,000 tonnes. Exports are also up five percent to about 390,000 tonne
Chinese shipyard Jinhai Heavy Industry (formerly Zhoushan Jinhaiwan Shipyard) has received a 21-ship order from Grand China Logistics. The yard will build six 320,000DWT tankers, six 180,000DWT bulkers and nin 80,000DWT bulkers. All vessels will be delivered by 2010. The ship prices have not been re
Over the past few years Cargotec has been extremely active in the offshore market delivering products and service; for example, over 300 MacGregor winches are now installed on oil rigs and platforms “Delivering products and services to oil rigs and platforms has been important work for us locally in
One of the biggest passenger ships ever built – the Queen Mary 2 – is making its maiden visit to Liverpool. The Cunard vessel, the 15th liner to call at the cruise liner terminal in 2009, is the largest liner ever to sail up the Mersey. The ship is in the city as part of […]
Expansion of Phnom Penh Autonomous Port could start as early as January 2010 with the aid of a US$30 million loan from China, port Director Hy Bavy said Monday. The money is part of an $853 million loan and grant package for Cambodian infrastructure projects pledged by Beijing Friday during Prime Mi
The hijacking of a Chinese coal ship in the Indian Ocean shows Somali pirates are extending their reach beyond the Gulf of Aden and the Somali coast, shippers said as traders worried that more coal ships could become targets. The De Xin Hai, carrying about 76,000 tonnes of coal from South Africa to
Burgess has announced that three new superyachts have joined their charter fleet. The first yacht is Sequel P, a brand new 54.7m (179.5ft) Proteksan Turquoise. Sequel P was built especially for charter by a discerning owner and project has been managed by Burgess New Construction in conjunction with
The Philippine Ports Authority (PPA) has warned that it would have to spend “billions of pesos more” if it adheres to a recent ruling to dump dredged materials farther from Manila Bay. Raul Santos, PPA assistant to the general manager, said a recent decision of the Philippine Coast Guard requires th
GSP in Romania has announced the addition of GSP Neptun, the largest floating crane operating in the Black Sea, to its fleet. The vessel has a lifting capacity of 1,800 tonnes. GSP said it believes that GSP Neptun is the largest offshore construction, platform installation, and decommissioning heavy
A test article ship-to-ship vehicle transfer system from Cargotec is on its way to the US Navy; the test article uses MacGregor-based technology and can transfer US Marine Corps vehicles and personnel from a large medium-speed RO/RO to a mobile landing platform in sea state 3 As part of a developmen
China’s Raffles Shipyard and Russia’s Far East Centre of Shipbuilding have signed a joint venture agreement to specialise in the construction or large vessels. Under the joint venture, large tonnage vessels will be constructed in the south of Russia’s Primorye region. The new shipyard will be equipp
The various sub-species of tuna comprise one of the world’s “big three” fish trades. Along with salmon and prawns (or shrimp), the tunas totally dominate the global seafood market. They therefore represent one of the world’s most important sources of protein. It is not only an important sector, but
