US officials have said an Egyptian was killed when a ship contracted to the US navy fired warning shots at approaching boats in the Suez Canal on Monday. US officials had previously maintained that there were no casualties.
ExxonMobil Exploration and Production Malaysia Inc., a subsidiary of Exxon Mobil Corporation, and the Malaysian national oil company, PETRONAS, will continue to work together to help ensure sustainable energy supplies for Malaysia under a planned new 25-year production sharing contract. At the signi
The FPSO Umuroa has already achieved 10 million barrels of oil produced since start up in July 2007. Roy Hallas, President of Prosafe Production Services in Singapore, says that he is proud of the results created in New Zealand so far and underlines the constructive co-operation between Prosafe and
STX Shipbuilding Co., the world’s fifth-largest shipyard, said Wednesday (Mar. 26) that it has won an order valued at 586 billion won ($594 million) to build four ships. The deal with a European shipping company calls on STX Shipbuilding to deliver the very large crude carriers by November 2011, the
Bangalore: Reinforcing India’s growing stature as a destination for building ships, the country’s biggest engineering firm Larsen and Toubro Ltd (L&T) has won a contract valued at about $240 million (Rs962.4 crore) to build four specialized ships for Dutch company RollDock BV.
Aker Kvaerner, S.A de C.V,has been awarded a contract to perform construction management of the Palmarejo Mining Project for Coeur d’Alene Mines Corporation. The approximate processing capacity target for the project is 2 million metric tons of ore per year.
The Board of Directors of Mercator Lines (Singapore) Ltd wishes to announced that the Company has entered into a firm negotiation with Refined Success Ltd which is a subsidiary of PRC shipping conglomerate COSCO (HK) Shipping Co., for the time charter-out of Geastiniono TBN — a gearless post panamax
AFTER months of prevarication the South Korean government is preparing to intervene in operations at the nation’s key port of Pusan in an effort to avert the financial collapse of private operators after a long-running price war has driven most of them into the red.
Aries Maritime Transport Limited today announced it has reached an agreement to sell both the Energy 1, a 1989-built container vessel, and its sister ship, the MSC Oslo, to an unrelated third party for a net price totaling approximately $40 million. The Company expects to finalize the sale with the
Neil Pryde’s Hi Fi took line honours whilst Subic Centennial emerged as IRC overall winner at Rolex China Sea Race. Hi Fi claimed line hours on Sunday as an increase in wind strength off the West coast of the Philippines through the night gave the lead boats exactly what they needed to close in on [
Employees of the Baltic Container Terminal (BCT) in Gdansk have been on strike over pay for the sixth day. The protesters failed to reach an agreement with the company management Tuesday, as reported by the Polish Press Agency (PAP).
Aker Yards ASA sells 70 percent of the ownership in three of the yards within its business area Merchant Vessels to FLC West, a Russian owned investment company. Aker Yards receives EUR 291.9 million in payment from FLC West. It is expected that the new jointly owned unit will deliver modern vessels
A U.S.-flagged cargo ship contracted by the Pentagon to ferry military equipment fired on a motorboat while preparing to enter the Suez Canal on Monday night, U.S. Navy officials said. Egyptian officials said one Egyptian man was killed and two wounded in the incident.
Hong Kong rescuers were Tuesday reportedly preparing another attempt to reach 18 Ukrainian sailors believed trapped in their sunken ship, although hopes are slim there is anyone still alive. A senior fire officer said they had located an entrance near the deck of the tug boat after getting plans sho
