The trend of overhauling and improving key national infrastructure through lengthy concessions to private companies is continuing apace in Africa, with Angola’s Luanda Port the latest to benefit from such a deal.
British adventurer travelling around the world by human power alone is back on European soil after 13 years. Jason Lewis, 39, from Askerswell near Bridport, Dorset, cycled into Istanbul, Turkey, and kayaked across the Bosporus – which separates Asia from Europe.
Fincantieri Selects MSC.Software’s SimEnterprise Solutions to Achieve 50% Gain in Engineering Productivity. SimEnterprise’s Next-generation Simulation and Process Management Technologies Drive Increased Engineering Productivity and Competitive Advantage for the Shipbuilding Industry.
The most advanced warship in the world to date, HMS Daring, has departed from BAE Systems’ shipyard in Scotstoun on her maiden voyage down the River Clyde to begin sea trials off the west coast of Scotland. Launched by HRH the Countess of Wessex in February 2006, HMS Daring is the first of six Darin
Down concrete staircases crumbling with age, past rusted pipes and piles of trash, executives of two ship companies poked around the citys long-abandoned dry docks Monday. To the idea that a ship scrapping operation could bring the rebirth of the waterfront here, they offered a tentative one word an
DeepOcean has received a Letter of Award from Reliance Industries Limited of Mumbai, India for the provision of a Multi-Purpose Subsea Support Vessel and associated services. Contract duration is for a three year fixed term starting December 2007 with a further two, one year options. The three year
Vijay Sheth-promoted Great Offshore (GOL) is close to taking over a Scandinavian offshore company for around $500 million. The move, which comes close on the heels of his takeover of GOL from his cousins a month ago, is aimed at making the company an international player in the offshore space.
Global cargo transportation and logistics group Neptune Orient Lines (NOL) today reported a net profit for the second quarter of 2007 (2Q07) of US$93 million, 38% higher than for the same period in 2006. The Group’s EBIT for 2Q07 was US$112 million, 27% higher quarter-on-quarter than in the second q
Total announces a significant new oil discovery in its ultra-deep offshore block Mer Très Profonde Sud (MTPS), which lies approximately 170 kilometres offshore Republic of the Congo in a water depth of 2,000 metres.
The start of a dream holiday has turned sour for more than a thousand passengers set to sail on a cruise ship with a troubled past. The Pacific Star was battered by monster waves after it sailed into stormy weather last month and it has now been delayed by technical problems at Auckland’s Princes Wh
South Korean shipbuilders are cruising fast in global markets, chalking up as much as US$30 billion worth of orders in the first half of this year and the largest ever for a six-month period. Against the unprecedented pace of growth, however, some have raised concerns that the lack of a skilled work
Second quarter 2007 highlights included: Net income increased by $2.5 million, or 27%, to $11.9 million ($0.29 per share based on a weighted average of 41,811,854 diluted shares) for the second quarter of 2007, from $9.4 million ($0.28 per share) for the second quarter of 2006.
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. today announced the signing of Heads of Agreement (HOA) between Husky Oil (Madura) Ltd. and three separate companies for the sales of gas from the Madura BD Field in Indonesia. The agreements were signed with PT Parna Raya,
The company which built the HD Ferries boat, HD1, has hit back at criticism she was not designed for open seas. Rob Provan, chief executive of rival Condor Ferries, suggested HD1’s shipbuilder had said it was not designed to be used in open sea.
