Russia is to sell two 636 Project submarines to Algeria for $400 million. Vladimir Alexandrov, director general of Admiralty Shipyard, said yesterday the contract is to be signed in June. The deal was to be struck during Russian President Vladimir Putin
MUMBAI: ABG Shipyard Ltd on Thursday said it will raise $100 million through the issue of various financial instruments in domestic and international markets. The shareholders at the extraordinary general body meeting held today authorised the board to raise 100 million dollar through the issue of e
Way back in October Hans Horrevoets was standing beside a swimming pool in Sanxenxo beaming a huge smile. It wasn
ABN AMRO TWO, after a period of reflection aboard when they slowed right down, has gybed and is now heading east at 18 knots. For a while there was a plan that they would rendezvous with a German freighter in the vicinity to transfer Hans Horrevoets to a vessel with better facilities, but the five [
ABN AMRO TWO navigator Simon Fisher explained the incident,
A 623-foot cargo ship that ran aground yesterday cleared the reef after high tide swept in early this morning. The ship is now docked at an anchorage area off of Fort Lauderdale beach. ”It was at high tide and under the ship’s own power [that] they were able to free themselves,” said U.S. Coast Guar
Keppel FELS Ltd (Keppel FELS) has secured a contract to build a repeat ultra deepwater semisubmersible drilling platform (semi) for A.P. M
Aker Kvaerner has signed an agreement to deliver a deepwater subsea production system offshore West Africa. The value of the extension is approximately USD 90 million. The subsea trees will be manufactured and assembled at Aker Kvaerner’s world class Tranby facility in Norway and assembly of the con
Evergreen Marine Corp has been awarded Best Shipping Line- Intra Asia for the second consecutive year at the Asian Freight and Supply Chain Awards (AFSCA) 2006. Lee Hock-Saing, Executive Vice President of Evergreen Marine Corp (Malaysia), was presented with the award by Stephen White, Director, Mari
The Water Technologies division of Siemens’s Industrial Solutions and Services (I&S) Group was selected by Petrobras to provide a produced water treatment system to its P-53 Floating Production Storage and Offloading (FPSO) unit, located off the coast of Brazil. The produced water treatment system w
Larsen & Toubro (L&T) has made a foray into the dredging business by acquiring a majority stake in International Seaport Dredging, which is Belgian Dredging International NV’s Indian arm. According to an official release issued by L&T to the BSE today, the company has infused equity to acquire a 61%
Federal officials asked a judge Tuesday to sign off on their agreement with General Electric Co. to dredge PCBs from the Hudson River, and rejected criticism that the deal could allow the company to avoid doing most of the cleanup. In the accord, first announced in October, GE pledged to perform the
The Coast Guard began searching Tuesday for a 21-year-old man reported missing from a cruise ship that had left Florida for the Bahamas. The man was reported missing about 11 a.m. Monday when his friends realized he had not slept in the cabin they shared, Royal Caribbean International spokesman Mich
Workers successfully moored the decommissioned aircraft carrier Oriskany on Tuesday about 24 miles south of Pensacola in preparation for the ship’s long-awaited scuttling today, a Navy spokeswoman said. Crews working for contractor Resolve Marine Group spent most of the day dropping four immense moo
