Nordic American Tanker Shipping Ltd. (the “Company” or “NAT”) today announced that it has agreed to acquire its eleventh and twelfth Suezmax tanker. These vessels, one built in 2002 and one in 2003 in the Samsung shipyard in South Korea, are sister vessels to the Company’s tenth vessel (built 2003)
Oil tanker Makhambet for Mobilex Energy of Kazakhstan is launched at Viborg shipyard today. The vessel is purposed for crude oil and oil products transportation in Caspian Sea, Trend reports. The tanker was designed in Vimpel construction bureau. Makhambet is the sixth in a row built and commissione
DES MOINES, Iowa Clear Lake is launching a 25 (m) million dollar cleanup project. It is in hopes of improving the lake’s visibility after decades of damage by farm and yard runoff. Local residents and leaders have teamed up with the state to set up a massive dredging project at the northern Iowa lak
General Electric’s announcement Tuesday that it is prepared to do its part in dredging the Hudson of PCBs was both welcome and not totally unexpected. The company’s decision came on the last day of the government’s timetable for a response. Failure to meet that deadline would have exposed GE to cour
A foreign vessel, suspected to be an oceangoing tanker fled the scene after hitting a local fishing boat Saturday in waters near northern Hai Phong city, leaving nine fishermen stranded. The scene where the accident took place was reportedly 70 nautical miles from Cat Ba town, Do Son district, Hai P
MacGREGOR, the business area providing marine cargo flow solutions within Cargotec signed an agreement to acquire BMH Marine AB, a Swedish company specializing in dry bulk handling equipment on ships and at port terminals in June 2006. The necessary competition authority approvals, to which the acqu
Roc Oil Company Limited said it is to plug and abandon its Moondah-1 well offshore Perth Basin after drilling failed to encounter any significant hydrocarbons. With Roc as operator of the well, ARC Energy Ltd has a 45 pct interest, AWE Oil (Western Australia) Pty Ltd has 25 pct and Westranch Holding
With war raging in an oil-rich part of the world, interest in tapping domestic sources is becoming more acute. And as the Senate gets ready this week to head off on its August break, that interest centers on the waters off the U.S. coast. At stake is a moratorium
Internationally tried and tested cruise hub know-how will be in focus at a major industry gathering in Dubai, later this year, as the Arabian Gulf
After over 10 months of ocean racing and 35,000 miles westernaustralia.com crossed the finish line in 1st place on Saturday morning clinching the title of overall winners of the Clipper 05-06 Round the World Yacht Race. The first ever Australian entry in the Clipper Race, affectionately known as the
MALAYSIAN shipbuilder Nautica Nova Shipbuilding and Engineering Sdn Bhd will build two tug boats with patented new carousel towing arrangement for a Dutch company. The multi-million-euro contract will see the construction of two 80-tonne static bollard pull. The two tug boats were commissioned by Du
According to London consultants Drewry, shipbuilders have received more than three times as many orders for oil tankers in the first quarter of 2006 as they did one year ago, as owners invested their record profits in new vessels. Drewry’s figures show that contracts were issued for 377 vessels, wit
INDIA is planning to allow the SS France to be broken up at the infamous Alang shipyard, angering environmentalists who claim that the luxury liner is laden with asbestos. An official report seen by The Times concludes that the ship, now at anchor six miles (ten kilometres) off the southwest coast o
Iran and Russia are cooperating in building four cargo ships. The vessels are expected to significantly expand Iran
