News – June 26, 2008 The Technical Papers Committee of CEDA has decided that the theme for the Dredging Days 2009 conference will be: “Dredging tools for the future”. The conference and the accompanying technical exhibition will take place 5-6 November 2009 in Rotterdam. The day before, on 4 Novembe
Company News – June 26, 2008 Sources in the Indian press say the private equity arm of IDFC has invested Rs 1.20 billion from its IDFC PE Fund II in shipping and logistics service provider Seaways Group. One source, Business Standard, said the money will be utilized to fund the expansion of Seaway’s
Project Updates – June 26, 2008 The biggest infrastructure project ever undertaken on an Irish island got under way earlier this week. At a cost of €40m, the redevelopment of the port on Inis Mor – the largest of the three Aran Islands – is also the biggest single project ever funded by the Departme
News – June 26, 2008 Governor Edward G Rendell has hailed the signing of a historic agreement that will officially begin a five-year, US$379 million project to deepen the Delaware River’s shipping channel, calling it a major milestone in ongoing efforts to expand commerce and enhance economic develo
Transocean Inc. (NYSE:RIG) today announced that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocea
Production on the Oseberg field centre, Oseberg South, Oseberg East and Tune has resumed after the small fire in a switchboard room on the Field Centre on 15 June. The field centre and the three other fields associated with the field centre’s processing plant have been shut down during the cleaning
SOCO International (“SOCO” or “the Group”) At the SOCO AGM, being held today, the following statement has been made: “There is no doubt that SOCO has made significant strides over the past year and is now well placed to drive forward its growth strategy, being in a strong financial position and with
Maersk Line is pleased to announce that A.P. Moller – Maersk has signed an agreement with Hyundai Heavy Industries for the delivery of 18 container vessels in 2011 and 2012. The vessels will each have a capacity of 4,500 TEU (twenty- foot equivalent unit). The ships are designed to meet the highest
PIRAEUS, Greece, June 25 /PRNewswire-FirstCall/ — Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE: NM – News) announced today the pricing of the initial public offering of 22,000,000 units of Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA.U – News) at a price of $1
Voyages of Discovery Launches a Dedicated Antarctica Brochure for 2008/09 With a Focus on Passengers’ Photography and Comment LONDON, June 26 /PRNewswire/ — Cruise specialist Voyages of Discovery is very focused on the passenger experience aboard their unique brand of Discovery cruises. With the lau
Contracts & Tenders – June 25, 2008 MCJ Ref No: 641/Y/11 Project Area: Peterhead, UK Project Stage: Tenders Invited Site: Smith Embankment Value: £26,500,000 Start: 09/2008 Period: 20 months Promoter: Peterhead Harbour Trustees, Harbour Office, West Pier, Peterhead, Grampian, AB42 1DW; Tel: 01779 48
Contracts & Tenders – June 25, 2008 MCJ Ref No: 641/E/25 Tender Ref No: 2008-153823 Project Stage: Tenders Invited Area: Brussels, Belgium Value: 7,540,000 EUR Project Period: 24 months from date of contract award Promoter: Port de Bruxelles, Place des Armateurs, 6, B-1000 Brussel; Tel: (32-2) 421 5
HAMILTON, BERMUDA–(MARKET WIRE)–Jun 25, 2008 — Frontline Ltd. (the “Company” or “Frontline”) (NYSE:FRO – News) is pleased to announce the acquisition of five double hull Suezmax tankers en bloc from Top Ships Inc. at a purchase price of $240 million. The vessels are built in the period 1992 to1996,
OSLO, Norway, June 25, 2008 (PRIME NEWSWIRE) — Petroleum Geo-Services ASA (‘PGS’ or the ‘Company’) announced today that on June 24th there was a fire in one of the auxiliary engines on the seismic vessel Atlantic Explorer, which was operating offshore Senja in Norway. The fire has been extinguished,
