A BOOMING South Tyneside shipyard has clinched another contract, the Gazette can reveal. The Skandi Neptune support offshore vessel will arrive at A&P Tyne in Hebburn later this month, creating work for dozens of men. And there are hopes the borough yard will secure an even bigger order within the n
Transas Scandinavia AB has announced that it has won the contract to supply Laurin Maritime with eight of the company`s simplified voyage data recorders (S-VDR) and the installation of two of their Dual ECDIS systems on vessels Barcarolle and Bolero. Transas, specialists in system integration, have
Russia is on the verge of finalising plans to build an oil pipeline linking it to Greece via Bulgaria. President Vladimir Putin is meeting Greek and Bulgarian leaders during a visit to Athens. The proposals for the 175-mile (280km) pipeline has been under negotiation for the past 14 years. Pressure
Visitors will have the chance to sail on the world’s largest tall ship for the first time when she returns to Southend Pier next month. The four-masted Russian-based, Sedov, is coming to the town – one of the crew’s favourite locations – from Thursday, October 19 to Sunday, October 22. For the first
A record 46 Maxis will take to the starting line today, Monday 4 September, for the first day’s racing in the Maxi Yacht Rolex Cup 2006. The cream of the crop assembled in Sardinia’s Porto Cervo this morning with an easterly breeze of four to six knots, this event marks the biggest-ever gathering of
TEHRAN (Fars News Agency)- An Iranian barge was drowned in the Keren region in the Iraqi waters of the Persian Gulf on Monday, a high ranking military official said. The barge carrying civilian commodities, including tires, blankets and detergents, was en route from the Emirates port of Sharja to th
The European Commission said Monday it was still awaiting details from Poland on government subsidies for shipyards after warning Warsaw that failure to reply could force the EU to demand the troubled yards repay the funds. Poland missed an Aug. 31 deadline to provide more information to prove that
China’s biggest offshore oil producer and the country’s second-largest bank have reported soaring profits. China’s top offshore oil and gas producer, CNOOC, has posted a 38 percent jump in earnings for the first half of the year. The better-than-expected results were driven by soaring energy prices
UK-BASED international shipbroker and consultant Galbraith’s says the worldwide dry bulk freight market is set to grow at an average rate of 2.5 per cent until 2010, in line with demand but capacity will grow faster. Fleet capacity is likely to grow by 24 per cent over the same period, with a 7.2 pe
The volume of new oil tankers delivered into service next year will leap 20% to a 31-year high, adding pressure to global freight rates that will be marginally offset by scrapping older vessels. Next year
Bangladesh’s Chittagong port, which handles 90 percent of export import trades and was completely closed on Saturday, started partial operation on Sunday as two shipping companies lifted their boycott of the port following a court ruling that surcharge on containers was illegal. Bangladeshi Commerce
THE shipping industry, especially the offshore supply shipping services sector, was in for disappointment again when its requests for changes in the fiscal structure were once again left out in the Budget proposals for 2007 announced last Friday. The industry had through the Malaysian Shipowners’ As
More than 1,300 illegal immigrants from Africa have landed in Spain’s Canary islands this weekend. Spanish police said 674 migrants arrived in makeshift boats on Saturday, and 664 more were reported to have landed on Sunday. Spain has been struggling to cope with the recent influx and is trying to o
For 124 years, Matson Navigation Co. has dominated the waters between the West Coast and Hawaii. The Oakland, Calif., company has ferried automobiles, pineapples and even people on its way to capturing 60 percent of the cargo business between the mainland and the islands. Now, one of the last of the
