Integrated oil logistics provider Titan Petrochemicals Group Limited (“Titan”) (HKSE: 1192) announced today that it has agreed to sell Titan Taurus, a single-hulled 254,991 dwt Very Large Crude Carrier (VLCC) built in 1992, to Korea Line Corp. for a consideration of US$41 million. The sales of the v
According to sources close to Saylor (who asked not to be named because they probably wouldn’t get invited aboard), the bachelor boat-lover has selected one of the sexiest models ever built: the Italian-made Azimut, described as “the Lamborghini of the yacht world.” The open-deck plan sounds like th
Aker Yards and Tallink Grupp have signed a contract of a large cruise ferry. The vessel worth approx. 180 million euro will be delivered in spring 2009 from the shipyard in Rauma. The vessel will be a new development of the Galaxy-type cruise ferry built by Aker Yards. MS Galaxy is already operating
COPENHAGEN (Thomson Financial) – AP Moller Maersk’s shipyard Odense Staalskibsvaerft posted a 2006 pretax loss of 1.07 bln dkr, versus a loss of 775 mln dkr a year earlier, with the result negatively affected by rising steel prices and continuously low productivity.
The French boat tactician announced today that he will step down from his position and hand over to Tanguy Cariou. Former helmsman of Areva Challenge, Peponnet was replaced by Sébastien Col in July last year, and now feels an ‘important’ move was needed in the afterguard to counteract the team’s ave
Aker Kvaerner has been awarded a contract to supply 18 subsea christmas trees to Brazil’s national oil company Petrobras under the current frame agreement. The contract has a value of approximately USD 50 million. The scope of work comprises 18 dual bore subsea christmas trees, designed to 2 000 met
On Thursday, 12 April 2007 the container ship “Bahia Castillo” will be christened at the yard of Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) in Okpo, Korea. The “Bahia Castillo” is the third of six identical 3,752 TEU container vessels to have been ordered from DSME by Hamburg Süd.
Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. (NasdaqNM: SNSA; Oslo Børs: SNI), announced today that it has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) for four 43,000 deadweight ton (dwt) parcel tankers. The aggregate price for the four ships is expected
Lockheed Martin said Tuesday it submitted a new proposal to the Navy for a next-generation combat ship in an effort to end a work stoppage the Navy ordered in January after cost overruns on the contract soared.
Canadian border guards were searching dozens of containers on a massive cargo ship that arrived in Halifax under police escort yesterday amid reports it could be carrying up to 200 stowaways.
Greek maritime officials were scrambling to contain as much as 100 tons of oil, nearly a week after a cruise ship sank off the popular island of Santorini, according to local officials.
Angelina Jolie and Brad Pitt are buying a £70MILLION mega-yacht, it was reported yesterday. The couple are said to have ordered the 240ft, three-decker from a boatbuilder near Rome.
Construction of Holland America Line’s new Signature-class premium cruise ship ms Eurodam reached a milestone with the recent keel-laying ceremony at the Fincantieri Marghera shipyard in Italy. The 2044-passenger ship is scheduled for delivery in June 2008.
The Indian shipbuilding industry is on a high growth trajectory and is expected to grow at a compound annual growth rate (CAGR) of 30%. In a recent report, I maritime, a consultancy firm, has said that India’s share in global order book is expected to be around 15 % by 2020 from current 0.4%, aided
