Odense Staalskibsværft A/S has sold Ejendomsselskabet Lindø A/S and Munkebo Forsyningsselskab A/S to Maersk A/S, effective 1 January 2007. “We have chosen to sell our two real estate companies in order to strengthen the equity base and cash flow”, says Peter Jann Nielsen, CFO of Odense Staalskibsvær
The U.S. Navy has shuffled its weapons-buying management team, moving top managers away from some of its highest-profile programs. Rear Adm. Charles Hamilton, the Navy’s program executive officer for ships, is starting a new job as an aide to Assistant Navy Secretary Delores Etter, the Navy’s top we
With one restaurant, five retail shops and two refreshment carts now open in Yacht Haven Grande, the $160 million waterfront development has been doing a brisk business in the last few days, even though it remains under construction. Shaded by umbrellas and afforded views of about a dozen luxury yac
The Snøhvit partnership has concluded that the development of oil reserves associated with the Snøhvit gas field, located in the Barents Sea, is not economic. Further appraisal activities will not be pursued. The plan for development and operation (PDO), approved in 2002, was drawn up solely around
A boat builder designed high-speed vessels for international drug smugglers, a court has heard. Ian Rush, 42, is accused of continuing to build boats virtually invisible to radar after his partners were arrested. The boats were made for criminals to transport drugs between North Africa and Spain, Ip
The product tanker Stena Poseidon has been delivered from Brodosplit Shipyard in Split. The Stena Poseidon is jointly owned by Concordia Maritime and Neste Oil on a 50-50 basis and Neste Oil has chartered the vessel for 10 years.
The second edition of Ship & Port, a premium international ship building, port and marine technology exhibition for the Middle East and Asia, will be held in Doha in March this year.
Hiab, the business area providing load handling solutions within Cargotec, has signed an agreement of intent to acquire the sales, service and installation operations of its distributor Berger in four Eastern European countries: Croatia, Czech Republic, Hungary and Slovakia. These operations consist
ENSCO International Incorporated (NYSE:ESV) announced today that its Contract Status of Offshore Rig Fleet Report has been updated as of January 16, 2007. The Report is available on the Company’s website at https://www.enscous.com and can be accessed from the home page by clicking on “Rig Contract S
ABG Shipyard, the largest private sector shipyard in the country, has bagged Rs 1,030.50 crore (229 million dollars) order from Singapore-based Pacific First Shipping Pte for supply of 12 vessels. In a communique to the Bombay Stock Exchange, ABG Shipyard said that the order is for construction of n
A $20 million contract has been awarded for major dredging works in Port Kembla’s Inner Harbour. The dredging will remove large quantities of material from the port, making way for its expansion.
The ship is the last of the four of Yang Ming’s advanced, highly automated 8.204-TEU vessels scheduled for deployment on the Asia-Europe route. Yang Ming Marine Transport Corp, the nation’s second largest shipping company, unveiled its newest container ship which has a loading capacity of 8,204 twen
-The largest production output recorded in 29 years, six times larger than entire domestic power plant capacity -Sales goal of 2trillion by 2009, World’s third major electric equipment provider by 2010 On January 17, Hyundai Heavy Industries (HHI) announced that with the completion of an 820MVA tran
The Bach Dang Shipyard on Jan 16 handed over the 10,500-tonne freighter, named Sun Spirits to the Japanese NOMA Marine Transport Company (NOMA). The 110m long, 18.8m wide and 13m high freighter, equipped with a 3,400 kW engine manufactured by Mitsubishi, was the second ship of its size built by the
