Shelter Island will host one of the West Coast’s rare gatherings of mega-yachts, along with a dazzling fashion show and career crewing seminars, during San Diego YachtFest 2007 – a four-day extravaganza set for Sept. 13-16.
Subsea 7, one of the world’s leading subsea engineering and construction companies, today announced that it has signed an exclusive four year agreement with Canyon Offshore Inc.* for the provision of offshore oil and gas trenching services ‘ i-Trench’ .
Wärtsilä Corporation has decided to manufacture Controllable Pitch Propellers (CPP) in India to create an important and sizeable production capacity increase for the CPP business. The new activity will incur an investment of about 5 MEUR. The CPP production in India will be operational end 2008.
Ground-breaking of the new manufacturing plant for Wärtsilä 50DF dual-fuel engines, takes place today with a ceremony at the Yeongam, South Korea site. The project is a joint venture investment between Wärtsilä Corporation and Hyundai Heavy Industries Co. Ltd (HHI), and the new company will be known
The Board of Directors of Total, chaired by Thierry Desmarest, met on September 4, 2007 and approved an interim 2007 dividend of 1 euro per share. This amount is equal to the final dividend paid in May 2007 and represents an increase of 15% compared to the interim dividend paid in November 2006.
Transocean Inc. today announced that its report of drilling rig status and contract information covering the company’s offshore drilling fleet has been updated as of September 4, 2007. Drilling rig status and contract information on Transocean Inc.’s offshore drilling fleet has been condensed into a
A boat carrying about 40 people has capsized in a river in western Nepal, near the Indian border. Three people are known to have drowned and 25 are missing after the accident in Banke district, police say.
A new trust has been set up by the oil, gas and fishing industries to help keep fishermen safe in UK waters. The Fisheries Legacy Trust Company (FLTC) will gather up-to-date information on all offshore industry-related seabed hazards.
China will implement a shipbuilding license system, as stipulated by a draft of the Shipbuilding License Management Law. The Commission of Science Technology and Industry for National Defense published the draft rules yesterday, seeking public comment, the Shanghai Securities News reported today.
Luxury yachts and boats have quite often been featured in James Bond movies, and one of the most famous examples of them was Adnan Kashoggi’s ‘ Nabila’ , named after his daughter, which doubled for the ‘ Flying Saucer’ in the Kevin McClory produced Bond movie Never Say Never Again.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise vacation company, and Orizonia Corporacion, Spain’s largest travel company, today announced that they have finalized the agreements for a previously announced multi-ship cruise brand serving the Spanish market.
The former Pirates of the Caribbean Volvo Open 70 is setting sail for St Petersburg as part of a promotional tour for the Russian entry in the 2008-09 race. Austrian Andreas Hanakamp, the Russian campaign skipper, will be at the helm when the boat leaves Gosport, England on Thursday.
After ‘ Eclipse’, a huge 167 mt yacht with two helipads, a cinema, a swimming pool and a crew of over 50 men, at the cheap price of EUR 300 million, the Russian magnate Roman Abramovich, also known for being the owner of the English football team Chelsea, adds another means of transport to his [&hel
Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has reached an agreement to enter into a time charter for two vessels it has recently agreed to acquire. The Genco Constantine, a Capesize newbuilding, is scheduled to be on charter with Cargill International S.A. for 54 to 62 mont
