TOKYO – Mitsui O.S.K. Lines, Ltd. (MOL; President: Akimitsu Ashida) today announced the opening of a new subsidiary in Pakistan effective April 16. Mitsui O.S.K. Lines Pakistan (Pvt.) Ltd. will handle all MOL’s liner and non-liner business and ocean consolidation business (OCB). The new company will
Earthrace is now in San Diego undergoing urgent repairs before continuing on her around-the-world speed record attempt. The unique wavepiercing vessel was involved in a collision off the coast of Guatemala with an unlit fishing skiff; resulting in damaged propellers, gearbox and engine mounts. She r
Hanjin Heavy Industries publicly announced on the 2nd, April that two Diving Support Vessels (DSV) have been sold to GULMAR of the Unted Arab Emirates at the price of USD 220,000,000. The DSV is a high-tech, high value-added vessel that is priced at over KRW 0.11 trillion per unit. It is the first t
Industry must work together or it will fish itself out of work New Zealand’s fishing industry is facing major challenges and it must get real on sustainability or there will be nothing left to catch, Green Party Fisheries Spokesperson Metiria Turei told the 2nd Annual Maori Fisheries Conference in N
Sovcomflot, a Russian state-owned shipping company with close links to Gazprom, the state-controlled energy company, is talking to investment banks about a flotation this year.
China Shipping Development Co. Ltd. has announced the payment of RMB 3.27 billion for the construction of 12 bulk carriers that will transport bulk cargo. The shipping group said in a statement that each bulk carrier would have 57,300 dead weight tons. The vessels will be delivered between 2008 and
By John Enge – Alaskan fishermen could have used a good way to ship fish live a long time ago. They need to start doing research on these things themselves, since nobody else is going to do it for them.
Total announces two new oil discoveries in the northern area of the Moho-Bilondo permit, which lies approximately 80 kilometres offshore Republic of the Congo in a water depth of 1,000 metres. The Moho Nord Marine-1 discovery well was drilled to a total depth of 2,645 metres and encountered an appro
Royal Caribbean Cruises Ltd. orders another Genesis class cruise vessel from Aker Yards. The contract price is approximately EUR 900 million. The contract is subject to final confirmation of buyers financing.
STX Shipbuilding Co, the world’s sixth-largest shipbuilder, and three of its affiliates, may spend as much as US$1 billion (US$1 = RM3.46) to build the first shipyard by a South Korean company in China.
Tokyo: Greenpeace’s anti-whaling ship Esperanza sailed into Yokohama port yesterday in a bid to provoke a debate in Japan on the issue of whaling, several days after the vessel was prevented from docking in Tokyo.
An accident which killed two submariners under the Arctic icecap was unique in the Royal Navy, the ship’s commanding officer has said. Anthony Huntrod, from Sunderland and Paul McCann, from Halesowen died when an oxygen device exploded on board the Devonport-based HMS Tireless in March.
Effective on 2 April 2007, OOCL customers can access their Arrival Notices online, via www.cargosmart.com. This new feature provides centralized and automated access to your arrival notices and allows you to configure and customize your document distribution plans.
G E Shipping delivered its Suezmax crude carrier ‘Jag Laadki’, to the buyers. The 1992 built, 145242-dwt ship was contracted to be sold in February 2007. With the delivery of ‘Jag Laadki’, the Company’s fleet of 44 vessels comprises 33 tankers (13 crude oil carriers, 18 product carriers, and 2 LPG c
