Smit Internationale N.V. today agreed with Fairplay Towage to acquire Fairplay Towage’s 50% interest in URS. Through this acquisition SMIT will become 100% shareholder of URS, the leading towage provider in Belgium. The total consideration for this transaction amounts to EUR 182.5 million.
Hyundai Heavy Industries Co., the world’s largest shipbuilder, said it was aiming to win $27.4 billion worth of orders in 2008 from an estimated $26.9 billion in 2007, the South Korean firm said on Monday.
Eleven sailors are feared drowned after the timber-laden ship they were sailing on sank in Brunei Bay near Malaysia’s Labuan island last Wednesday, local media reported on Monday. The Thailand-registered MV Emerald left Kota Kinabalu Port, Malaysian eastern Sabah state, on Dec. 24 and was heading fo
Divisional winners gathered dockside this morning in Hobart for the presentation of winner’s battle flags and the announcement of the overall winner to the public. While on stage at the presentation, local Tasmanian Justin ‘Juggy’ Clougher, bowman of the winning boat Rosebud from the US, was suddenl
Rock star Sting has hired one of the most expensive yachts on Sydney Harbour as a floating palatial home base for his family ahead of the Australian leg of The Police’s world reunion tour. Sting, 56, accompanied by wife Trudie and their four children, flew into Sydney on Thursday and headed straight
Just after midnight the last yacht, Capriccio of Rhu, with the indomitable Michele Colenso at the helm, crossed the finish line to bring down the curtain on the Rolex Sydney Hobart ocean racing classic for another year. It was a fine achievement by this cruising yacht, the only one in its division,
Thrustmaster of Texas, Inc. (www.thrustmastertexas.com) the largest U.S. based manufacturer of bow thrusters and Z-drives for the marine industry, is breaking ground on a new 60 acre, 200,000 square foot factory near it’s current location in Houston, Texas. The new factory is scheduled for opening b
Adventurer Jason Lewis is seeking a permanent home for the pedal boat which carried him thousands of miles during his 13 year round-the-world trip. Mr Lewis, from Askerswell, Dorset, used only human power to become the first to circle the globe on human power alone.
With the US entry Rosebud declared the Rolex Sydney Hobart Yacht Race overall IRC handicap winner yesterday, divisional places within the fleet are being decided today with yachts finishing in Hobart under spinnakers before a gentle southeast breeze. Ray Roberts’ Cookson 50, Quantum Racing has won I
Some 2,000 Palestinians returning from a pilgrimage to Mecca are stranded on two boats off the Egyptian coast. Egypt is insisting that they must re-enter Gaza through Aouja, a border crossing controlled by Israel.
Hundreds of cruise ship passengers are celebrating after being told their world trip will go ahead. Travelscope Holiday’s cruise on the MV Van Gogh, due to leave Falmouth on 4 January, was under threat after the firm went into administration.
Almost soundlessly the first steel pile for the 445-metre-long 21-metre-wide mega cruise ship pier was driven into Great Bay Thursday afternoon on the signal of Port Affairs Commissioner Theo Heyliger and Carnival Corporation Chairman Mickey Arison. Work on the new pier will be in full swing as of t
Kent’s main boating river will see ’15 essential projects’ carried out this new year totalling £2m, the Environment Agency has said. Projects on the River Medway this winter will include a £400,000 refurbishment of Hampstead Lock.
Matt Allen, the Commodore of the Cruising Yacht Club of Australia, the organising club for the Rolex Sydney Hobart, has crossed the finish line in the Rolex Sydney Hobart at the helm of his modified Volvo 70 Ichi Ban. She crossed at 6:01pm this afternoon, the third boat to finish the race.
