Technip has been awarded by Grupa Lotos S.A. a lumpsum turnkey contract worth approximately €472 million for the Gdansk Refinery in Poland. Technip’s operations and engineering center in Rome (Italy) will execute the contract. This is the third contract signed by Technip in Poland in the last few mo
Tidewater Inc. (NYSE:TDW) announced today that its Board of Directors has authorized a new program for the Company to spend up to $200 million to repurchase shares of its common stock in open-market or privately-negotiated transactions. The Company intends to use its available cash and, when conside
Four out of the top five luxury private yachts are owned by Middle East royalty, with the 525 foot Dubai, owned by His Highness Sheikh Mohammed bin Rashid Al Maktoum leading the list. The vessel is larger than a Royal Navy Type 42 Destroyer.
Spanish authorities say they have prevented oil from a freighter that ran aground off the holiday island of Ibiza from reaching a nature reserve. Absorbent barriers are now in place to protect the Ses Salines reserve, a sanctuary for migratory birds.
At the end of June, the Bulgarian yacht importer Yachting.bg started showing the boats at the port in Sozopol Black Sea resort. The most expensive of them was sold for 3.6 million leva on June 23. One of the yachts Atlantis 55, on sale at 2.25 million leva, was sold to a Bulgarian businessman, and [
THIRTEEN crew are missing in the Gulf of Oman after a South Korean ship sank off Iran’s southern coast, Iran’s state-run television said today. The South Korean-registered Orchid Sun had 23 crew members on board before it went down about 110 nautical miles south-east of the Iranian port city of Chah
The shipping industry, which requires $ 20 billion worth investment by 2010-11, has demanded infrastructure status to have easy access to funds for modernisation. ‘Financial institutions have apportioned funds exclusively for infrastructure projects and we can avail them only if we have that status,
In early June Siba’s livestock carrier Deneb Prima left the port of Townsville with the largest ever cattle shipment from Australia to South East Asia. The Queensland-Indonesia record voyage was successfully completed on June 25, with the delivery of over Euro7.2m worth cargo, including 20,060 cattl
Historians have dispelled a rumour that the Royal Navy once launched a ship called HMS Friday to encourage sailors to set sail on that day. According to the myth, the Royal Navy launched HMS Friday on a Friday and put a Captain James Friday in command before it myseriously disappeared.
Salvors are continuing efforts to break up the stricken container ship MSC Napoli off Branscombe in east Devon. The ship, carrying 2,300 containers, was originally grounded in January after being damaged in storms.
The international super-rich are queuing up for the chance to flaunt their wealth with a state-of-the-art luxury megayacht. As they battle it out on the open seas, Marion Hume looks at an industry in which size definitely matters.
With the expected establishment of two or three new drilling platforms in Saudi Arabia, the prospects for the development of BOURBON in this country are very promising.
Soon the Group will be taking a new vessel under its management every 12 days. With Bourbon Offshore Greenmar BOURBON has a new shipmanager.
The Russian entry for the 2008-09 race has turned to the skills of British designer Rob Humphreys and boat builders Green Marine for their Volvo Open 70.
