Saudi-based international petroleum company, Aramco, signed two contracts for the development of the 1.2 million barrels per day (bpd) Khureis Increment Program (KIP). The Khureis crude contract went to Snamprogetti from Italy, and the Khureis gas contract was signed with a consortium consisting of
Hyundai Heavy Industries (HHI) has received an order to build offshore oil production facilities, worth at US$1.6 billion. This contract is the world’s largest of offshore oil projects in value and scale recorded ever by a single company. HHI announced that a Letter of Award (LOA) has been executed
Located on the western edge of Shelter Island and just minutes from downtown San Diego, California, the newly renovated Kona Kai Marina provides tenants and visitors to the area with a state-of-the-art marina and quality accommodations. Bellingham Marine was hired for the renovation based on their r
The Greenbrier Companies (NYSE: GBX) announced today its Gunderson Marine division will christen and launch a double-hull oceangoing barge — the “Morro Bay” — for its customer, Sause Bros., Inc. The launch ceremony will be held on Saturday, September 23, 2006 at 11 AM at the Gunderson Marine facilit
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The asbestos-laden ship Otopan will be heading back to Amsterdam following Malta and Turkey’s refusal to harbour it. Dutch Environment Minister Pieter Van Geel announced that The Netherlands would be taking the ship back following a diplomatic deadlock which left it stranded as it searched in vain f
Rising demand for sushi is helping to drive tuna stocks to the edge of collapse and could lead to the seasonal closure of fishing grounds. Urgent intervention and stringent new controls are being called for by ministers from the Department of the Environment, Food and Rural Affairs (Defra) to preser
The North of England P&I Club alerted shipowners in the Middle East and India last week to the possibility of more sale and purchase disputes and a further increase in their P&I premiums. The warnings were given in Dubai at a seminar attended by around 80 Middle-Eastern and Indian shipowners that th
Defence Minister Phil Goff today announced that the first of the project protector ships, the Multi Role Vessel (MRV), Canterbury, arrived in Melbourne yesterday from the Netherlands for the final phase of construction. “The Canterbury will remain in Melbourne for the next four months while weapon a
The latest official blueprint on the China’s shipbuilding industry urges the country to crank up efforts over the next five to ten years in order to shoulder its way into the elite club of independent mainstream shipbuilders. Key development targets enshrined in the National Medium-and Long-Term Pla
Viet Nam has become an attractive destination for investors from the United Arab Emirates (UAE), said the Viet Nam commercial attach
South Korea’s Daewoo Shipbuilding and Marine Engineering has won a 10-year contract to manage a ship-repair yard in Oman, the ONA official news agency said. It said officials from the Omani government and the company signed an agreement over the running of the yard, which is part of a harbour Oman i
History was made here today when the nation’s first Littoral Combat Ship, FREEDOM (LCS-1) — the inaugural ship in an entirely new class of U.S. Navy surface warships — was christened and launched at the Marinette Marine shipyard. The agile 377-foot FREEDOM — designed and built by a team led by Lockh
Kochi, Sept. 25 (UNI): The Mobile Offshore Drilling Unit, ‘Sagar Vijay’, of the Oil and Natural Gas Corporation (ONGC) sailed off from the Cochin Shipyard after successful completion of major upgradations. The upgradation works, costing nearly Rs 90 crore, were launched about a year ago, CSL officia
