BP and D1 Oils plc announced today that they are to form a 50/50 joint venture, to be called D1-BP Fuel Crops Limited, to accelerate the planting of Jatropha curcas – a drought resistant, inedible oilseed bearing tree which does not compete with food crops for good agricultural land or adversely imp
Singapore, 28 June 2007 – Global transportation and logistics group Neptune Orient Lines (NOL) today announced that it intends to invest in eight large, high-speed container ships worth a total of approximately US$1 billion, subject to the satisfactory completion of contractual terms and documentati
As part of its wish to consolidate and expand its activities in the chemical tanker sector, Nordic Tankers has adjusted the ownership of the three ships currently co-owned with Eitzen Chemical. The adjustment means that Nordic Tankers will acquire ownership holdings in the vessels Sichem Copenhagen
On 1 July this year, 65 men and women will embark on one of the most ambitious, dangerous and important experimental archaeology projects ever undertaken. They will attempt to sail a reconstructed Viking warship from Roskilde, Denmark, to Dublin, across some of the roughest seas in the world.
By a majority decision the Jury dismissed the protest that Emirates Team New Zealand filed against Alinghi following race four. The Jury was not satisfied that Alinghi broke America’s Cup Class Rule 31.6, which reads: ‘Mainsails shall be able to be lowered to the deck without the necessity of a crew
A yachtsman had a lucky escape when his boat was in collision with a small cargo ship off the coast of Cornwall, coastguards said.
The Navy has significantly increased what it’s paying its people – including 111,842 workers in Hampton Roads – in a move that’s having a big impact on the local economy. The Navy spent $7.27 billion on payroll expenses for its active duty and civilian workers here last year – up 10.6 percent from w
The navy’s new multi-role vessel has entered its home port Lyttelton for the first time. The HMNZS Canterbury departed from Nelson on Wednesday on the final leg of its homecoming journey. The $130 million ship arrived at around middat Thursday to a welcome celebration including a karanga, haka and m
Salvage teams are hoping to refloat a bulk carrier which has been stranded on the Australian seaboard for almost three weeks. The Japanese Pasha Bulker is carrying 700 tonnes of heavy fuel oil, and she poses a major environmental threat to the New South Wales coastline.
With its win on Wednesday, Alinghi tied the America’s Cup Match at two wins apiece. Essentially, the series is now a best of five, with the first team to win three races, beginning tomorrow, winning the America’s Cup.
The day has arrived for salvage experts to attempt to refloat the bulk carrier Pasha Bulker from a sandbar at Newcastle’s Nobbys Beach. The bid comes after Greenpeace activists last night staged a protest against coal at the salvage site, beaming messages against the ship’s hull including ‘Coal caus
Global Infrastructure Partners (GIP”), a private equity firm focused on global infrastructure asset investments, announced today that it has agreed to acquire, through its International Port Holdings (IPH) portfolio company, a 25% interest in Chennai Container Terminal Private Limited (CCT).
Union government-run Mumbai Port will set up exclusive berths for ships that ferry cars and roll-on, roll-off ships in a bid to strengthen its stature as a hub for automobile exports in the country. “The Ballard Pier Extension berth will be dedicated for pure car carriers, while one berth at Indira
Removing an oily shipwreck from a beach near Ocean Shores will cost the state about $6 million. The state Ecology Department says a contractor is removing large pieces of the Catala (kuh-TALL’-uh) from the dunes at Damon Point State Park. It should be gone in two weeks and the beach reopened to the
