New Zealand’s superyacht industry is taking on the rest of the world in Monaco this week, where almost 100 luxurious craft are on show. Included will be Ad Lib, made by Auckland’s Alloy Yachts, and judged the world’s best superyacht in its class this year. A dozen Kiwi boatbuilders will compete agai
ESL Shipping Oy, a subsidiary of Aspo Plc, has signed an agreement with SEB Leasing Oy concerning one of the two vessels currently being built by ABG Shipyard Ltd in India. Under the agreement, ESL Shipping will assume responsibility for the supervision of the building works on behalf of SEB Leasing
Qatar Gas Transport Company Ltd (Nakilat) is to acquire 10 more LNG carriers worth approximately $3 billion for a 25-year time charter to Qatar Liquefied Gas Company (III) or QatarGas 3. An agreement was signed here yesterday for the seven QFlex and three QMax LNG carriers between Nakilat and Korean
Force10 Marketing, a sports marketing agency with an expertise in sailing, has relocated its headquarters to the United Kingdom. Founded in the U.S. in 2003 by Scott MacLeod, former Senior Vice President of Octagon Worldwide, Force10 Marketing advises companies including UBS and BMW on their sailing
Cairn India, the wholly owned subsidiary of Cairn Energy Plc, is expected to undertake a nine-month long drilling campaign in its Ravva oilfield in the Krishna-Godavari (K-G)basin from next month to maintain the current production level. Speaking to mediapersons here on Tuesday, David Nisbet, direct
Carnival Cruise Lines announced that the 110,000-ton Carnival Freedom will operate year-round seven-day Caribbean cruises from the Port of Miami beginning November 17, 2007, becoming the newest Carnival ‘Fun Ship’ to operate from that port. Currently under construction at the Fincantieri shipyard in
The new basin will be used for the first time at 46th International Boat Show, next 7 through 15 October. A unique complex at world level, with 8 km of waterside walkways, to
Kongsberg Maritime, a world leading electronic systems integrator is presenting its stunning new K-Bridge system to the superyacht community at Monaco Yacht Show. The Kongsberg Maritime stand features a custom designed, exquisitely finished in gold detail Integrated Bridge System (IBS) based upon th
As the easy oil becomes more difficult to find and produce, how do oil and gas companies squeeze more barrels out of existing resources? How can technology unlock more oil in each reservoir, extending the life of mature fields? How can Enhanced Oil Recovery (EOR) techniques contribute to energy secu
Shell China Holdings BV (Shell) has acquired a 75% share in Beijing Tongyi Petroleum Chemical Company Limited and Xianyang Tongyi Petroleum Chemical Company Limited, which produce and market China
The 2003 Solitaire du Figaro winner Armel Le Cl
The CKYH Alliance (COSCON, “K”Line, Yang Ming, and Hanjin Shipping) plans to reform its Asia/Europe service loops starting from November, 2006. Currently CKYH operates 7 loops in Asia/Europe service. After review of calling ports in each existing loop and reform many duplicated port-pairs, CKYH will
Norway’s authorities have seized another Russian trawler off its Arctic coast, a Russian fishery official said Thursday. “The Norwegian authorities have reportedly accused the ships’ crews of unauthorized fish reloading from two trawlers in Norway’s territorial waters,” a spokesman for the Russian F
The U.S. Coast Guard Saturday seized a foreign fishing vessel for illegally fishing inside the 200 mile U.S. Exclusive Economic Zone (EEZ) at Howland/Baker Islands in the South Pacific Ocean, about 1,700 miles southwest of Honolulu. The Coast Guard Cutter Walnut is currently escorting the fishing ve
