Oceanteam Power & Umbilical ASA announced today that it has signed a long term agreement with the Mexican Offshore Construction and IMR Company CICSA for a minimum period of 5 years plus options. The contract consists of the CSV North Ocean 102 and Oceanteam additional services supporting the contra
NEW Transport Minister Mike Henry on Tuesday toured the Kingston Container Terminal (KCT) to get a first-hand view of the US$240-million expansion programme underway and to see the offloading of four new gantry cranes.
Keeping with the world luxury trend, India’s rich are talking seriously about 100 footer yachts for which they are willing to shell out anything from eight million euros (for a custom built Ferritti) which could go up by a couple of million if the order goes up to 120 ft.
DryShips Inc. (NASDAQ: DRYS) announced today that George Economou, the company’s Chairman, President, CEO and interim CFO, will be presenting at the Jefferies Fourth Annual Shipping Conference, which will take place in New York City on Wednesday, September 26, 2007 at 11:00 a.m. EDT.
Tsakos Energy Navigation Ltd. yesterday announced the sale of the 1999-built 107,181 dwt Aframax tanker Olympia to an independent Greek- based operator. The Olympia will be delivered to her new owners in January, 2008 resulting in a $34 million capital gain that will be recorded in the first quarter
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced today that the Company’s Chairman and Chief Executive Officer Sophocles Zoullas and Chief Financial Officer Alan Ginsberg will present at the Jefferies 4th Annual Shipping, Logistics, & Offshore Services Conference on Wednesday, September 26th at 10:0
A powerboat, fuelled by biodiesel, has anchored in Edinburgh before attempting a new speed record for circumnavigating the globe. The Earthrace powerboat, which is docked behind Ocean Terminal, is open to the public over the weekend.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reported record net income for its third quarter ended August 31, 2007 of $1.38 billion, or $1.67 diluted EPS, compared to net income for the third quarter of 2006 of $1.23 billion, or $1.49 diluted EPS. Revenues for the third quarter 2007 increa
Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) (SGX: ONAV50), a provider of global marine transportation services focusing primarily on product tankers, announced today that members of the Company’s senior management will be presenting at the Jefferies fourth Annual Shipping Conference, which wil
The technology group The Linde Group has entered into a long-term supply agreement with the Austrian steel producer voestalpine to deliver industrial gases to its Linz production site. The relevant contract, which involves the construction of an additional on-site air separation plant, was signed ye
Stratos Global Corp. (TSX: SGB), the leading global provider of advanced mobile and fixed-site remote communications solutions, today introduced its new maritime broadband satellite communications solution based on Inmarsat’s FleetBroadband service. FleetBroadband from Stratos, expected to be commer
Cargotec’s MacGREGOR business area providing marine cargo handling and offshore solutions, has received a significant RoRo equipment order from Korean shipyard Hyundai Mipo. The equipment will be delivered between 2009 and 2011 for 10 RoRo vessels ordered by Italian shipowner Grimaldi. The value of
In January 2004, SBM Offshore created a ‘Gas and Power’ division to develop technology for the offshore production of Liquefied Natural Gas (LNG) and the infrastructures to handle the liquid gases from the production sites to the delivery points, with the intention to start marketing the related pro
Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) announced today that on September 18, 2007 it agreed to issue and sell 5,000,000 of its common shares to Jefferies & Company, Inc. The shares will be delivered concurrently with the closing of the offering on or about September 21, 2007. The shares are being o
