The boards of directors of Statoil and Hydro have now signed the final plan for the demerger of Hydro as part of the merger between Hydro’s petroleum division and Statoil ASA. Hydro’s shareholders will own 32.7% and Statoil’s shareholders will own 67.3% of the merged company. As recompense for the t
Today, at Fincantieri’s shipyard in Muggiano-La Spezia, there was the keel laying ceremony for the company’s first mega yacht which was ordered in May last year. Present at the ceremony were the Undersecretary for Defence, the Rt. Hon. Giovanni Lorenzo Forcieri, Rt. Hon. Senators Luigi Grillo and Eg
The premier pleasure yacht manufacturers in the Middle East, Gulf Craft Inc and AMB Group of Companies comprising the companies G&M International and AMB Electronics have joined hands to provide premium audio and video solutions to enhance marine luxury in harmony with technology.
Boskalis Westminster said a collision involving its dredging vessel W.D. Fairway will lead to a 25-30 mln loss in revenue for 2007. The W.D. Fairway was involved in a collision with the container ship MSC Joanna during dredging operations in Tianjin, China last Thursday.
Total announces that it has been awarded the South East Mahakam exploration block in the Mahakam Delta offshore East Kalimantan in Indonesia offered as part of the 2006 Licensing Round held by the Indonesian Ministry of Energy and Mineral Resources.
Queen Mary 2, the world’s largest ocean liner, arrived in Dubai for the first time on Sunday (March 11) as part of her maiden global world cruise. As it docked at the state-of-the-art Dubai Cruise Terminal in the Port Rashid complex, the 1,132-feet-long, 72-metre tall vessel made history by becoming
Belgian dredging company Jan De Nul is building a 191-metre specialized deep-sea mining ship to be named the Jules Verne to be used. The plan calls for copper and gold ore to be mined from the sea floor and pumped to the ship, then transferred to barges for transport to a land-based concentrator. Pa
The 15th Dubai International Boat Show, organised by the Dubai World Trade Centre, will officially open Tuesday 13 March and will welcome more than 25,000 visitors and participants over the next five days.
The Navy’s new fast ship is nearly 90 feet long, 40 feet wide and attacks like a sea serpent. It’s packed with banks of computers, flat-panel video screens and shock-absorbing chairs to smooth a ride that reaches speeds of more than 50 mph.
A Russian cargo ship collided with a private yacht in Bebek coast, İstanbul causing the $ 300,000 yacht to sink into Bosporus waters. A Russian liner called ‘Glorious’ which was carrying 22 thousand tones of wheat has spin out of control when its helm got locked near Bebek coast.
Christensen Shipyards, the foremost builder of high quality certified composite motor yachts completes the sale of hull 034. This is the fourth Custom Series yacht sold in 2006. The new Custom 160 Series was sold through Lee Racicot, with Super Yachts Inc., to an international customer and marks the
A mega-yacht currently being built in Italy boasts seven decks, a helicopter pad and a price tag of 140 million euros, $184 million dollars. The Sunday Telegraph reported on the record-breaking privately-owned yacht, which will contain 15 staterooms, gold and marble bathroom fittings, Jacuzzis, an e
A mysterious Russian billionaire is building a yacht, worth 140 million pounds, in Genoa. It boasts seven decks, two helicopter pads and storage space for a submarine. The future owner’s name is kept secret, but it is not Roman Abramovich, the well-known Russian owner of the Chelsea Football Club.
Transas has secured a contract with Taizhou Maritime Safety Administration (China) to supply the Navi-Trainer Professional (NTPRO) 4000 simulator. Transas specialists will customise the product to enable Taizhou MSA to focus on training, examination, and certification of ship crews in Chinese inland
