Eight Guineans have been arrested by Sierra Leone for an act of piracy against locally-licensed Chinese fishermen inside Sierra Leonean waters. The Guinean authorities say the men, including several officials, were on a legitimate fisheries protection patrol.
Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Company took delivery of 147,000 dwt, 2000 built modern double hull Suezmax Tanker. Now named ‘Jag Lakshita’, the vessel was contracted in June 2007.
Malaysian infrastructure and energy group Malaysia Mining Corp (MMC) signed a maritime and property pact worth 16 billion ringgits ($4.7 billion) with an investment unit of the Dubai government, MMC said on Monday. Under the pact, MMC and Dubai World will consider developing a maritime centre includ
Post-mortem examinations are due to be carried out on three men who died after an accident on a gas rig standby vessel in the North Sea. Aberdeen-based Vroon Offshore Services said the men died on the Viking Islay off the East Yorkshire coast on Sunday.
Essar Shipping & Logistics Limited (ESLL) has placed an order with ABG Shipyard Limited, India for acquisition of six modern new-building geared Supramax Bulk Carriers. The vessels will be built at an estimated cost of USD 35 million each (total cost of USD 210 million for six vessels), will be deli
Transnet National Port Authority has finally got the green light to expand the Cape Town container terminal after its initial plan to reclaim 300m from the sea was rejected last year.
Coal and iron ore shipping rates may extend gains to records this week on rising demand to transport raw materials across the Pacific and the Atlantic amid a limited supply of vessels. The Baltic Dry Index, an overall measure of commodity shipping costs on different routes and ship sizes, advanced 3
U.S. Coast Guard crews have found two of six people reported missing from an abandoned fishing boat found in disarray north of Cuba — 160 miles south of their destination in the Bahamas.
While being anchored to upload nearly 1,500 tonnes of rice to a ship to Indonesia, four barges were suddenly hit by a 10,000 tonne ship of Panama named Hutuohe. One barge sank deep in the river.
Prime mover with more power, less exhaust emissions while maintaining high efficiency for electricity power generation on heavy fuel oil. Wärtsilä Corporation today introduced the new 20-cylinder 46F engine for power plant installations burning heavy fuel oil. The new engine develops 23,000 kW at 60
Benetti has announced that it signed four contracts in the first day of Monaco Yacht Show last week: a 45m, a 60m, a 62m and a 65m. The 65m superyacht will be from the Amnesia series, the owner having already invested in three Benetti’s (the third will be completed in March 2008).
Ericsson Racing Team have confirmed that Finland’s Thomas Johanson will join skipper Anders Lewander’s Nordic crew for the 2008-09 race. For 38-year-old Johanson, a 49er Olympic gold medallist at Sydney in 2000, this will be a first round the world assignment. ‘I have been thinking about sailing aro
The Board of directors of ZIM approved this week the purchase 8 ships of 12,600 TEU with an option to buy one more. The ships will be built in Korea and will be delivered at the beginning of 2012. The cost of each ship is of about $170 Millions, and their size and capacity will […]
Shell Development (Australia) Pty Ltd (SDA) today announced that it has signed a strategic agreement with Malaysia’s national oil corporation PETRONAS that will strengthen Shell’s and PETRONAS’ gas asset positions in Malaysia and Australia, respectively.
