VISAKHAPATNAM, Andhra Pradesh: Prime Minister Manmohan Singh yesterday said the port city of Visakhapatnam had the potential to become a special economic region and attract an investment of $10bn. Launching the Rs980mn urban development scheme under the Jawaharlal Nehru Urban Renewal Mission here, h
The Korea
The Port of Tanjung Pelepas (PTP) expects more new and larger container vessels of up to 12,000 twenty-foot equivalent units (TEUs) to call at the port when three of its super post panamax cranes being installed at Berth 8 commence operations on June 24. The new cranes costing RM82 million would ena
SINGAPORE : SembCorp Marine Ltd said on Monday it has bought 110.4 million shares in Cosco Corp at S$1.09 per share. It is buying Temasek Holdings’ entire equity in Cosco Corp for S$120.3 million. SembCorp Marine, the world’s number-two oil rig builder, will raise its stake in Cosco to 8.17 percent
NCL America’s Pride of Hawaiii, the largest and most luxurious U.S.-flagged cruise ship in history, was formally dedicated on May 20th in Los Angeles. U.S. Senator Daniel K. Inouye, Pride of Hawaii’s sponsor, said “the christening of Pride of Hawaii is the capstone of America’s return to the passeng
Dubai: India’s engineering conglomerate Larsen & Toubro, with its newly-floated shipbuilding venture, is keen to exploit the current growth of the industry in the Middle East. A.M. Naik, Chairman and Managing Director of L&T, said in an exclusive interview to Gulf News, “Dubai presents a good future
FOR THE NEXT four weeks, a US military hospital ship will be on a humanitarian mission in three war-torn provinces in Mindanao. The reputation of Jolo, Zamboanga and Tawi-Tawi for being prone to terrorist attacks from al-Qaeda-linked militants has not dampened the enthusiasm of the medical personnel
BUNGA Seroja Satu, the largest containership in Malaysia thus far, made its maiden voyage Thursday morning, charting a milestone for MISC Bhd in strengthening its position as one of the leading global players in the shipping logistics. The latest vessel, which joins MISC’s fleet as its 21st containe
Singapore’s Pan-United Marine Ltd, which builds cargo ships and vessels to support offshore oil exploration, said a sharp rise in new orders would deliver higher 2006 revenue growth than last year. With a shipyard each in Singapore and Indonesia, the company’s order book for new vessels has reached
Firefighting and police personnel from several agencies Sunday assisted when a tug boat that was pushing a barge on the Hudson River experienced an engine compartment fire. The fire was reported shortly after 11 a.m. with the crafts in the middle of the Hudson just south of White
A man who ran his boat onto rocks metres from the Sydney residences of the prime minister and governor-general has been charged with drink driving. Sydney Water Police said they found a motor cruiser aground on rocks at Kirribilli Point with a man, woman and three children on board about 7pm (AEST)
ORANGE BEACH, Ala. — All the right safety precautions helped keep a group of fishermen safe when their 28-foot vessel capsized about 11 miles south of Pensacola Pass. Those precautions included having a registered radio beacon and wearing life jackets. A Coast Guard spokesman said Francis H. Crockar
MUMBAI: Hectic activities that one witnesses on the oil and gas exploration and production (E&P) front has hooked up most of the shipping companies to queue up with mega plans for the offshore services segment. The primary trigger for this near exodus of shipping companies could said to be NELP prog
Lloyd’s of London, the big maritime insurer, has raised premiums for commercial ships visiting ports in Yemen and Sri Lanka. Rebels and Islamic terrorists have turned waters around those countries into “areas of perceived enhanced risks,” the Times of London reported Monday. Earlier this month, near
