The U.S. Navy awarded a Lockheed Martin-led team nearly $198 million for construction of the Navy
An Australian marine salvage company has been called in to rescue a bulk carrier that ran onto a reef off Papua New Guinea. The Zhi Qiang, loaded with Australian sugar out of Queensland, hit the reef about 525km east of Port Moresby on Saturday, an Australian Marine Safety Authority (AMSA) spokeswom
One sector where China has promoted import substitution is shipbuilding, where it has leveraged the purchase of its first contracts of liquefied natural gas to ensure the tankers carrying the resource from foreign fields are built in China. Guangzhou Shipyard, which gained 60 per cent of revenues fr
Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is pleased to advise that the Company has exercised its option for a fourth ice class Panamax at Jiangsu Rong Sheng Heavy Industries. The vessel of 75,000 dwt will be delivered early 2009. The agreed purchase price is USD 34.5 million. The
FROM its beginnings as a shipping operator between Adelaide and Melbourne in 1875, it took more than a century for Adelaide Steamship to reach its peak in the 1980s as one of corporate Australia’s high-flyers. It soon became one of our largest corporate collapses. In its early years Adsteam became o
THE shipyard could build its own wind farm on site to help cut its huge electricity bill. It is set to become the first BAE Systems site in Britain to erect a wind turbine as part of a trial. BAE is asking Barrow council for planning permission to construct a trial turbine at the shipbuilding [&hell
B+H Ocean Carriers Ltd. (AMEX: BHO) announced today that it had acquired a 1988-built, double-sided, 61,000 DWT Panamax product tanker to be renamed MT SACHEM. The purchase also reflects the continuation of a Time Charter which continues through February or March 2007. The Company noted that the pur
Nearly 44 square miles of coastal waters off San Luis Obispo County would be off-limits to fishermen or have severe fishing restrictions under a plan proposed by the state Department of Fish and Game. The plan would create no-fishing areas at Piedras Blancas, Cambria, Morro Bay and Point Buchon. Fis
The Federal Government says the number of illegal fishing boats intercepted off Australia’s coast has almost doubled this year. Fisheries Minister Senator Eric Abetz says 194 foreign fishing boats were intercepted in the first six months of this year, compared to 107 by the same time last year.
Three Letters Of Intent have been received end of last week by Atlantia Offshore Limited, a fullyowned subsidiary of SBM Offshore N.V., from several Brazilian drilling contractors in the wake of major drilling contracts recently awarded by Petrobras for their deep offshore development plans. Under t
A consortium of Interbeton
Kawasaki Kisen Kaisha – “K” Line – has launched an 88,000 DWT coal carrier, the JP GUNJO, at the Marugame Shipyard of Imabari Shipbuilding Co., Ltd. on June 29th. JP GUNJO is the same type of ship as “K” Lines original Corona series fleet for transporting thermal coal. The ship will carry thermal co
With just one more day left in Manhattan before the start of Race 11 from New York to Jersey, the Clipper 05-06 skippers and crews are busy getting the boats ready for their final transatlantic race to the Channel Islands. Despite being the 4th of July public holiday in the USA, North Cove is a [&he
The Ericsson Racing Team was the first monohull to cross the finish line today in the Eurocard Round Gotland Race, Sweden, confirming her status as the fastest monohull entry. Under the leadership of Neal McDonald (GBR), she competed with many of the race crew who sailed the Volvo Ocean Race on her,
