An online auction of a 123-foot long yacht owned by Rockford businessman John Martin ended Friday with no one putting in a bid, which started at $5 million. The yacht, a ship specially designed to cut through waves with reduced motion, would cost $20 million to build new Martin said. He dissolved th
Statoil has signed a letter of intent with Wavefield InSeis for the charter of two seismic vessels for the 2007 season. Statoil has secured seismic vessel capacity for the majority of its exploration programme in Norway in 2007. The group has signed a letter of intent with Wavefield InSeis for the c
Following their delivery voyage from Fremantle to Sydney via The Great Australian Bight, ninety six metres of new Austal vessels in the form of six, 16 metre Patrol Boats are now in service with the New South Wales Water Police. Austal is often recognised for the increasing size of its vessels, yet
The international shipping company bidding to take over Caledonian MacBrayne ferry routes has pulled out of a contest, the BBC has learned Isle of Man-based V.Ships’ announcement puts in jeopardy the entire Scottish Executive exercise. It announced it is withdrawing from the tender exercise for the
Moored recently at Mombasa’s Kilindini Berth No.1 was the luxury yacht M.V. ‘Octopus’. She is currently the world’s fourth largest super yacht (the third largest, ‘Rising Sun’, is owned by Larry Ellison, the CEO of Oracle) and the second largest not owned by heads of state. ‘Octopus’ is measured at
With the growth of energy and resources transportation fleet and the pushing-forward of From Ship-owning To Ship-controlling strategy, COSCO owned and operated fleet reached 40.1 million deadweights with the total number of 687 vessels on 6 September. It is the second ship fleet exceeding 40 million
HAMILTON, Bermuda, Sept. 7, 2006 (PRIMEZONE) — Seadrill has been awarded a letter of intent by an E&P operator in the Gulf of Mexico for the semi-submersible drilling rig West Sirius (Jurong 1). The contract has a firm duration of four years with the option for the operator to extend the contract to
OSLO, Norway Norway’s Aker Yards ASA won a
USS Texas (SSN 777), the second ship of the Virginia attack submarine class, Sept. 9, at the Port of Galveston piers in Galveston, Texas. As the Navy’s next-generation attack submarine, the Virginia-class submarine is the first class specifically designed to counter post-Cold War threats, providing
Two submariners have been killed in a fire aboard a nuclear submarine in the Barents Sea belonging to Russia’s northern fleet, but the incident posed no risk of radioactive contamination, Russian news agencies said on Thursday.
As news of a huge oil discovery deep in the western Gulf of Mexico unfolded, informal talks began in Congress to break an impasse over competing House and Senate plans to expand offshore oil and natural gas-drilling. The find by Chevron, Devon Energy and StatOil in an area already open to exploratio
Petra Perdana Bhd has entered into a memorandum of agreement with S. K. Line Co Ltd to purchase a new anchor handling offshore support vessel for RM44.9mil. The company said in a filing to Bursa Malaysia yesterday the purchase was in line with the group
A giant cruise ship is set to sail into Antarctic waters, changing the face of tourism in the world’s great wildernesses. The Golden Princess, which can carry 3,800 passengers and crew and weighs 109,000 tons, is 10 times bigger than most of the cruise ships which ply Antarctica’s seas. Its first vo
New Delhi: Almost one in every six workers dismantling old boats at India’s Alang shipyard suffers from asbestos poisoning, experts said in a report. The experts, appointed by India’s Supreme Court to look into conditions at Alang, also found a fatal accident rate six times that of the country’s not
