Aker Kvaerner has been awarded a contract for delivery of mooring winches and fairleads for Statoil’s Gjøa semisubmersible platform. The total contract value for Aker Kvaerner is approximately NOK 90 million. The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Pusnes in Arenda
This is good testament to President Gloria Macapagal Arroyo’s 8 by ’08 priority agenda, particularly that of creating more jobs and investment enhancement, among others. More than 30,000 direct and indirect jobs are expected to be generated as Hanjin Heavy Industries Corp.-Philippines goes full blas
The search for two Cumbrian sailors who have been missing in the Solway Firth for 48 hours is being scaled down. Rescue teams looking for Peter Yates and William Williamson, both from the Allonby area, found a body on Tuesday. The identity has not been confirmed.
Quintana Maritime Limited Further Expands Presence into Capesize Sector By Agreeing to Purchase 4 Capesize Newbuildings and Secures Two Charters for Five Years with EDF Trading . Quintana Maritime Limited (NASDAQ: QMAR) announced today that it has agreed to purchase four 180,000 deadweight-ton (dwt)
The Ericsson Racing Team officially opened its boatyard at the headquarters of the Swedish telecommunications giant and, with 17 months to go before the start of the 2008-09 race, fired a warning to other competitors that this time they were ready to win.
Pershing, the famous Italian shipyard and member of the Ferretti Group, specialized in the production of luxury yachts, is taking part in the third edition of the Fano Yacht Festival held from April 28 to May 2 at the Marina dei Cesari tourist harbour in Fano, Italy.
Jan De Nul has recently been awarded a contract in Canada by Husky Energy to excavate a so called ‘Glory Hole’ for protection of subsea wellheads at a challenging waterdepth of 135m. This will be a new world record in dredging depth. The work will be executed during this summer with Jan De Nul’s ver
After a string of upsets on Monday, the competition doesn’t get any easier today at the Louis Vuitton Cup. No team can afford to slip up, as the leaderboard is unforgiving – only the top four qualify to advance to the Semi Finals.
Bharati Shipyard will construct and supply an offshore support vessel to integrated offshore oilfield services provider Great Offshore for $64.80 million (Rs 266 crore).
In December 2005 the Swedish Coast Guard awarded Damen the newbuilding contract for two state-of-the-art 81-metre Coast Guard Vessels. Construction of these vessels is currently taking place at Damen Shipyards Galati in Romania and delivery for the first vessel is scheduled for the summer of 2008, t
Imtech (technical service provider in Europe) announces the acquisition of British counterpart The Aqua Group Ltd. And its subsidiary companies from the current owners. With this acquisition Imtech will significantly strengthen its position in the UK. The acquisition price comes to some 24 million e
The cost of shipping coal and iron ore is about to decline as the supply of cargo vessels overwhelms demand. Japan, China and South Korea will produce so many vessels that shipping costs, now at an all-time high, will fall 40% by 2010, according to futures contracts traded privately among banks, tra
search for a missing boat with two men on board has resumed off the Cumbrian coast. Five coast guard teams, two lifeboats and an RAF helicopter are searching for the men who are in an 18ft (5m) Dory.
Veteran British yachtsman Tony Bullimore set sail from Australia Tuesday in a bid to break the round-the-world solo sailing record in 70 days. The starter’s gun fired at about 3:50 pm (0550 GMT) as Bullimore, waiting since December for the right weather conditions, launched his bid to circumnavigate
