Hyundai Heavy Industries Co, the world’s largest shipbuilder, said Monday it has secured an order worth 1.36 billion US dollars from an unnamed European shipowner to build eight container ships.
South Korea’s Hanjin Shipping Co said on Monday that it will invest 55.3 million euros to build a container terminal in Spain.
It used to patrol rough Scottish seas looking for illegal fishing vessels. But now the hull of the MV Sulisker is being crafted into a luxury super yacht which will become the envy of the boating world with its plush quarters and sleek shape. And instead of hunting errant trawlers the yacht will be
ALMACO Group has been contracted to provide a total turn-key package to Bibby Renaissance Coastel (accommodation vessel). The project will be implemented in conjunction with our key partners Foreship on the engineering side, Huanan Building Materials (Shenzhen) for the modular cabins and Yiu Lian Do
Boats4ever have been appointed managers of the ‘White Heather’ and have been entrusted with the sale of this beautiful classic yacht. Boats4ever will appoint a CA for the European market and another one for the American market.
Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS has been awarded seven new exploration licence interests in the 2007 Norwegian APA Licencing Round. These include four licences which will be operated by Lundin Petroleum. The licence in
The fisheries minister has been told how the industry in Cornwall is working towards a sustainable future. Jonathan Shaw was in Newlyn and Penzance on the first of a three-day visit to Cornwall.
The French builder of the cruise ship Queen Mary 2 and another firm have each been fined 177,500 euros (£133,649) over an accident that killed 16 people. A walkway collapsed in November 2003, when the giant ship was in dry dock at Saint Nazaire in France.
A Royal Navy vessel on its way to a diplomatic tour in the Indian Ocean remains stuck in port after a second mechanical failure in three weeks. HMS Illustrious is in Portland, Dorset, after a system that stops oil being discharged from the ship became faulty.
Volvo IT has been appointed as the official IT supplier for the 2008-09 race. It will be the second consecutive race that Volvo IT has linked up with the prestigious event having provided IT solutions in 2005-06. Under the terms of the partnership, Volvo IT will be responsible for setting up and mai
The Italian public shipyard Fincantieri is studying a capital increase to bid for its Norwegian peer Aker Yards, the weekly Il Mondo said citing investment banks.
Fincantieri and the French owner Compagnie des Iles du Ponant (CMA CGM Group) have signed a preliminary agreement to build 2 super luxury ships. By adding this new brand to its customer portfolio Fincantieri – which has long been world leader in the cruise shipbuilding sector – has further consolida
After issuing a decree in November 2007 creating the Mixed Company PetroCedeño, the Venezuelan authorities issued on January 10, 2008 a decree transferring Sincor’s extra-heavy oil development operations in the Orinoco Belt to the new company. Total, state-owned PDVSA and the Venezuelan Ministry of
In 2007, West Siberian Resources Ltd successful exploration and development program added net proven and probable oil reserves of 64.8 million barrels. The net proven oil reserves increased by 48 per cent to 162.9 million barrels. Proven and probable (2P) reserves increased by 18 per cent to 361.0 m
