Keppel FELS, a wholly-owned subsidiary of the Singapore-based multinational Keppel Corpora-tion, is on schedule to supply two jack-up offshore drilling rigs to Qatar
BP was hit by yet another setback on Monday when the company was forced to announce that production at its showcase Thunder Horse oil and gas field will not start until mid-2008, 18 months later than planned. News of the delay, caused by problems with the project’s subsea infrastructure, caused oil
A vessel originally launched in Port Glasgow by The Queen is back in Greenock, before heading for a new life in the South Atlantic sailing around the Falkland Islands as a Fisheries Patrol, reports the British press. Pharos SG was launched at Ferguson’s in December 1992 for the Northern Lighthouse B
Six years after it expanded its operations to the US, WA shipbuilder Austal has bought out its minority American partner in the rapidly growing venture for $20.6 million. The acquisition of the 30 per cent stake from Bender Shipbuilding & Repair Co values the entire operation in Mobile, Alabama, at
Following a series of tests carried out over the past four months that revealed metallurgical failure in components of the subsea system, BP announced today that it plans to retrieve and rebuild all the sea-bed production equipment from its Thunder Horse field in the deepwater Gulf of Mexico. BP sai
Superyacht industry leaders and decision makers will have a higher profile than ever before at METS 2006. Exhibition and conference organisers are preparing to welcome hundreds of international delegates and market representatives to this year
Dozens of yacht owners have been tapped by Italian authorities for not paying Sardinia
Town officials are scrambling to capitalize on a chance to dredge Greenwich Harbor for the first time in nearly four decades. The murky harbor beside Grass Island hasn’t been cleared of sand and silt since 1968. An application nearing approval could lead to dredging by mid-October, said Susan Jacobs
U.S.-listed tanker shipping group Teekay (TK.N) said on Monday it increased its stake in Norwegian offshore services group Petrojarl (PETRO.OL) to more than 40 percent and called a mandatory bid for the rest of its shares. Teekay launched the bid at 70 crowns per Petrojarl share, valuing the entire
Alinghi, the Defender of the 32nd America
A total of 450 kilos of ammonium nitrate, a key ingredient in making improvised bombs, was recovered on a ferry docked in a port in Zamboanga City, 875 kilometres south of Manila. The chemicals were placed in nine sacks, which the crew said were declared by its unidentified owner as containing dried
Strong winds brought by typhoon Shanshan overturned a car ferry in southwestern Japan, leaving at least one person dead as the storm battered the region, a news report said Monday. The automobile ferry, which was being tugged by a cargo ship for delivery to the Maldive Islands, overturned Sunday eve
A new fast ferry catamaran for the east end of the Island has been officially launched with Transport Minister Dr. Ewart Brown hinting at plans underway to reduce the public
Global Oceanic Carriers Limited (AIM:GOC), the AiM-listed Greek-based drybulk shipping company, today announces that it has entered into agreements to add two further vessels to its fleet and is proposing to enter into new ship management agreements for all of its fleet. Full details of the vessels,
