CNOOC, the leading offshore oil producer in the Chinese mainland, on Tuesday reported year on year growth of 42 percent in its net profit in 2008, which was in line with market estimates. The net profit of the Hong Kong-listed firm was 44.4 billion yuan (6.5 billion U.S. dollars). The company announ
Journal of Commerce (JOC) reports that Great Lakes shipping interests have an urgent suggestion for Obama Administration stimulus spending — if you want to support American-made steel in infrastructure improvements, then dig down and dredge harbours and channels. The JOC said the Great Lakes Maritim
The Yacht Club Costa Smeralda (YCCS) presented its 2009 sporting calendar today to journalists and guests at Milan’s Leonardo da Vinci Museum of Science and Technology. The calendar reflects the Club’s development in two related yet distinct areas: organization of first-class sporting events for est
CBC News in Canada says municipal and federal politicians say ice jams could be avoided if the area of Lake Winnipeg where the Red River drains into it was dredged. Rae Frey, a councillor in the rural municipality of St Clements north of Winnipeg, said the confluence of the river and lake has been f
Hydrocarbons were encountered while drilling the deepwater Mizzen prospect (EL 1049), located approximately 500 kilometres east-northeast of St John’s, Newfoundland. Further analysis of the well results will be undertaken to determine the potential, and an application for a Significant Discovery Lic
US military chiefs are bolstering their forces around the Horn of Africa to help tackle Somali pirates holding a US captain hostage in a drifting lifeboat. Gen David Petraeus said reinforcements would arrive within 24 to 48 hours and that a warship already in the area was “literally right near” the
The flood-damaged Royal Navy ice patrol ship HMS Endurance has arrived off the coast of Portsmouth after being transported home from the Falklands. Ten passengers were rescued when HMS Endurance lost power as the engine room flooded off Chile in December. Fears had been raised the ship could be scra
Fifteen pilots who guide ships in the Humber estuary could lose their jobs after bosses said traffic using the river had “significantly depressed”. Associated British Ports (ABP), who employ the river pilots said staff working at Hull and Goole were affected by the decision. But the maritime union N
A catamaran caught out by a broken rudder early on Wednesday morning has been towed safely back to St Peter Port in Guernsey. The St Peter Port lifeboat, the Spirit of Guernsey, was called out at 0356 BST to help French catamaran Ocean Voyager. Three people were on board when the boat’s steering sto
Divers are warning that the dumping of dredged material could spoil diving around an artificial reef off Cornwall. Diving and tourism businesses say the former Royal Navy frigate HMS Scylla has generated £25m since being sunk in Whitsand Bay five years ago. But they say the dumping is affecting visi
Burger Boat Company is pleased to announce that Asia-Pacific Boating and China Boating magazines have nominated Tò-Kalòn, a 101’ (31m) Burger Enclosed Bridge Motor Yacht, for “Most Innovative Exterior Yacht Design of the Year” and INGOT, a 153′ (47m) Burger Tri-Deck Motor Yacht, for “Best Motor Yach
The current situation involving the Maersk Alabama has remained much the same throughout the night. The ship’s crewmembers have been accounted for and are safely aboard the vessel. However, the ship’s captain remains in the custody of the pirates, who departed in one of the ship’s encapsulated life
The annual Hellenic Technical Committee of Germanischer Lloyd (GL) focused on market trends, new technologies to save fuel, and innovative design approaches. Under the new Chairman of the Hellenic Technical Committee, Mr Dimitrios S. Korkodilos, 45 representatives of the Greek maritime community met
Radio Holland Group announces the official opening of a new service and sales office in the Greater San Francisco Bay Area, which took place place on April 7. This will be the 62nd office in the Radio Holland Global Network and the 12th office in the USA. Radio Holland Oakland will provide sales and
