The amount of cargo being moved on ships is up nearly 150 percent over last year. China and India are buying up boatloads of food, coal and other raw materials to fuel their explosive growth. John Dimsdale reports.
On Friday, four consortia applied for qualification to build the $3.35-billion locks that will be the heart of the massive expansion to the Panama Canal. When completed, the new lock system will double the capacity of the historic waterway.
Italy’s Mascalzone Latino sailing team announced on Tuesday that they will be taking part in the 33rd America’s Cup, which is scheduled to take place in Valencia in 2009. “Mascalzone Latino launched its challenge,” the team, which represents the Reale Yacht Club Canottieri Savoia of Naples, said on
SMIT announces that it is expecting a growth in net profit of around 35% for 2007 compared to 2006. On 27 July of this year, SMIT announced that it was expecting a considerably higher profit over 2007 than the net profit of EUR 75 million over 2006. All Divisions performed well, in particular the Sa
The Volvo 60 HUGO BOSS II is heading to Australian shores for this year’s Rolex Sydney Hobart Yacht Race. Sailing into Sydney Harbour on December 5, HUGO BOSS II has a full program of key events scheduled, including: – 11 December – SOLAS Big Boat Challenge, Sydney Harbour – 12 December – Racing aga
Shell Exploration & Production Ukraine Investments (I) B.V. has signed a non-binding memorandum of understanding (MOU) with Regal Petroleum plc, to acquire a 51% interest in Regal Petroleum (Jersey) Limited, a wholly owned subsidiary of Regal Petroleum plc indirectly holding the licences for the Mek
A jellyfish invasion has wiped out Northern Ireland’s only salmon farm, killing more than 100,000 fish. A Northern Salmon spokesman said last week’s attack could cost more than £1m.
A rare eel-like fish has been found in an Isle of Man stream. Once extinct in UK rivers, but now having a resurgence, the lampreys were last recorded on the island in 1981 in the Sulby river.
Wärtsilä Corporation today officially opened a new engine and propeller workshop in Cape Town, South Africa. From this workshop, Wärtsilä provides the full range of services to the owners and operators of ships and power plants with both two- and four-stroke engines. The new workshop includes an eng
Multi-billion dollar projects in the Middle East oil and gas industry are driving developments in the design and operation of the workhorses of the sea, according to industry experts. A growing demand for workboats of all sizes is also being stimulated by mega-dollar port and reclamation schemes tak
Island Global Yachting (IGY), one of the world’s premier owners, developers and managers of luxury marinas and yachting lifestyle destinations and Nautical Center Prgin (NCP), one of Croatia’s leading marine industry companies, announced today a joint venture to develop Croatia’s first dedicated meg
The Yangtze River authorities have begun dredging silt along China’s longest waterway a week earlier than last year as silting in the river becomes more serious. Five dredgers, one more than last year, have been employed to scoop up the silt in three sites along the middle reaches of the river as op
Fishing quotas are getting tighter, fishermen are considering their futures and scientists say further cuts to catches of species such as cod are needed to help numbers recover.
A megayacht owner already has the biggest and baddest boat around. What else could he or she want after buying the fastest and most technologically advanced vessel? A submarine? Like any other fine piece of machinery, the numerous pictures end up in glossy coffee table books.
