THE Nigerian Navy has announced that it was making plans to commence ship building locally in the nearest future with a view to meeting with capacity demands of the nation
Salvage operations for a Greek Ship grounded in the St. Lawrence River began this week. The TORO was on its way from Ontario to Mexico when became grounded near Cornwall Island earlier this month. No pollution or injuries were reported. Officials said it should take 36 hours to unload more than 3,00
Ramunia Holdings said on Sept 14 that it was in talks with European oil and gas drilling firms for orders to build semi-submersible drilling rigs and that it hoped to win an order soon. A semi-submersible order could range between US$500 million (RM1.83 billion) to around a US$1 billion and would pl
The Nam Trieu Shipbuilding Company, subsidiary of the Viet Nam Shipbuilding Industry Corporation (VINASHIN), started building a 53,000 tonne cargo ship for the UK’s Graig Shipping Ltd. on Sept. 13. This is the first among 21 cargo ships to be built under a 400 million USD contract signed between VIN
On September 14 W
Aker Kvaerner has been awarded a contract to supply subsea trees to Brazil’s national oil company Petrobras. The contract has a value of approximately USD 12 million. The scope of work comprises three mudline dual-bore christmas trees designed to 250 metres (820 feet) water depth, with associated to
The South Korean government said it would provide support to those shipping lines in the country that seek mergers to bolster their market share and compete worldwide. The government is studying various measures, including providing support for funding mechanisms that could facilitate acquisitions,
Turkey will not open its ports to Greek Cypriot ships and planes unless the EU ends restrictions on northern Cyprus, a top Turkish politician has said. Yasar Yakis chairs Turkey’s European Union affairs committee. The EU is pressing Turkey to ratify the customs agreement with Cyprus or face a collap
Mitsubishi Heavy Industries, Ltd. (MHI) is taking steps to boost its production capacity in small-size turbochargers by more than 20%, from the current 3 million units p.a. (per annum) to 3.6 million p.a. by the end of the first half of fiscal year (FY) 2007 (April 1, 2007 through March 31, 2008). T
Deuxmill Marine floated on AIM today and made a steady start, with the provider of fuel to
On a recent day this summer, an $80 million clipper called the Maltese Falcon left the Turkish shipyard of its birth and zoomed up the Bosporus, showing up rickety tourist boats and grimy cargo ships. Three enormous carbon-fiber masts towered over the 88-meter yacht, which belongs to Silicon Valley
A cruise ship has rescued nine illegal immigrants from an open-topped boat some twenty miles off Cabo de Gata. The immigrants said they had set off from Algeria three days ago when they were rescued on Thursday. They said a tenth man had fallen overboard. A coastguard helicopter was still searching
The owner of the ship on which Romanian authorities believe Syrian businessman Omar Hayssam fled the country and the owners of the merchandise the ship is carrying plan to sue the state for losses incurred after the ship was seized by authorities. The owner of the ship, Iman T., Syrian Mustafa Tarto
Multi-million-pound plans were unveiled yesterday to revive west Norfolk’s ailing fishing industry. The
