Salvage efforts began Monday night to free a freighter lodged in a reef off Fort Lauderdale since Thursday. So how do you move a 34,589-ton cargo ship, including a load of 30,000 tons of a cookie-dough-like substance, perched precariously on an environmentally sensitive reef just off the coast of on
Aker Philadelphia Shipyard achieved a landmark milestone in its 10-ship tanker build program on Monday, Sept. 18, when it successfully launched the first vessel in the series from its berth in the yard’s Building Dock. When completed in the fourth quarter of this year, the 600-foot long MT 46 Vetera
A fishing boat has been escorted to harbour after taking on water off the Aberdeenshire coast. The 23-metre Banff-registered Arcana, with five people on board, had been six miles off Macduff.
A consortium comprising Total (50%), Hocol (operator, 20%, subsidiary of Maurel & Prom), and Talisman (30%) has been awarded the exploration rights for the Niscota Block in Colombia. The 623-square-kilometre block is located approximately 180 kilometres northeast of Bogota in the Llanos basin, where
Dubai Maritime City – the world’s largest and the most comprehensive maritime complex in the world – has announced that the construction of dry berths, slide ship transfer pit and other basic site infrastructure have begun. The commencement of civil works for berths and ship transfer area marks one
Cosco has won its first contract to build the hull of a Floating, Drilling, Processing, Storage and Offloading Vessel. The contract is valued at S$188 million (US$120 million). The vessel combines drilling, production and storage facilities and is the largest and most versatile drill ship ever built
It’ll cost $100 million to buy a ready-built ferry to run between Port Hardy and Prince Rupert, and the province is ready to help B.C. Ferries with the cost. In two separate announcements yesterday, B.C. Ferries and the Transportation Ministry outlined purchase and financing plans to replace the Que
Greece-based Diana Shipping Inc. on Monday said it assumed shipbuilding contracts from two unnamed parties for construction of two Capesize dry bulk carriers for $120.8 million. The carriers, priced at $60.4 million each, will be built by Shanghai Waigaoqiao Shipbuilding Co. and are expected to be d
China plans to cap foreign holdings in the country’s ship makers at 49 percent as the government moves to both maintain control over the fledgling industry and tap overseas know how. Foreign shipbuilders seeking to form joint ventures in China must also transfer their expertise to local partners thr
United Arab Emirates (UAE) investors are eyeing Vietnam as a good place for investment. Billionaires from the oil country are planning to inject $4.2bil in two projects in HCM City. Managing Director of the five-star hotel Millennium Airport in Dubai Bruce A. Khalili flew to HCM City in early Septem
POSCO Co. Ltd., the world’s fifth-largest steel maker, is looking to buy an Asian steel maker as it fights for survival in the global market after the mega-merger of Mittal Steel and Arcelor. The formation of Arcelor Mittal, a giant capable of producing more than 100 million tonnes of steel a year,
Exploration well 6406/3-7 has been completed by operator Statoil on the Antares prospect in production licence 314 in the Norwegian Sea without encountering mobile hydrocarbons. The group now plans to drill three further exploration wells in this part of the Halten Bank area, which lies south of the
An MIT researcher has a vision: Four hundred huge offshore wind turbines are providing onshore customers with enough electricity to power several hundred thousand homes, and nobody standing onshore can see them. The trick? The wind turbines are floating on platforms a hundred miles out to sea, where
Animal rights extremists have been blamed for freeing thousands of halibut from cages at a fish farm in Argyll. Strathclyde Police launched an inquiry after 15,000 fish were released from the Kames Marine Fish Farm, near Oban. It has been reported that the letters ALF – for Animal Liberation Front –
