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News

Dredging plan nears approval
News

Dredging plan nears approval

Final approval for maintenance and improvement dredging at the boat ramp in Phinneys Harbor, under the Emmons Road Bridge and out into Little Bay, is likely to commence in late fall or early winter. An order of conditions is expected soon from the commission, which is reviewing the project. Norman H

about 20 years ago
Tanjung Offshore sees higher revenue
News

Tanjung Offshore sees higher revenue

Tanjung Offshore Bhd expects to turn in another sterling performance in the current year, thanks to the high crude oil price, said managing director Omar Khalid. He expects demand for charter vessels and engineering services by oil and gas players to continue to be strong as a result of robust oil e

about 20 years ago
Fisheries output down by 12% due to high oil prices
News

Fisheries output down by 12% due to high oil prices

Fisheries production in the region, where the Tuna Capital of the country is located, has declined by 12% from 270,812 metric tons in 2004, to 237,557 metric tons in 2005, the latest data from the Bureau of Agricultural Statistics showed. Citing the report from the regional BAS, Ma. Lourdes Lim, reg

about 20 years ago
Cuba to allow foreign offshore drilling
News

Cuba to allow foreign offshore drilling

The Cuban government is seeking to sign a contract with three oil companies in Norway, Spain and India to drill for oil in the Gulf of Mexico. The deal will be between Norway’s Norsk Hydro, Spain’s Respol YPF and India’s ONGC Videsh, Ltd., NRK Web site reported. Drilling is unlikely to begin before

about 20 years ago
VOR: Statue of liberty to starboard
News

VOR: Statue of liberty to starboard

They had little time to check off the landmarks as they went, leaving the Hudson River start line in the shadow of the looming skyscrapers, but after another less than average start by the ABN AMRO ONE, Mike Sanderson and his race leading team were looking to tick off the opposition as they passed t

about 20 years ago
VOR: Leg 7 blow by blow
News

VOR: Leg 7 blow by blow

Start! All the boats gathered just up tide of the line, taking care not to be over at the gun. Brasil close to the North Cove shore, Ericsson well away from the line taking care. Brunel also staying well up tide. Still light winds, but a reaching start and lots of tide will get the […]

about 20 years ago
VOR: Atlantic Odyssey
News

VOR: Atlantic Odyssey

It’s the classic transatlantic route, 2,925 miles from Ambrose Light just outside New York to the Lizard, off the South West corner of Britain. The race route was drawn with knowledge of the Volvo Open 70’s potential and the prospect of challenging the Transatlantic record was just one of the lures

about 20 years ago
VOR: Atlantic weather
News

VOR: Atlantic weather

The fleet is getting just a taste of the New York minute, with less than 48 hours to rest, dry out, and prepare for Leg 7. As it looks now, they might as well not get too used to being dry, with another cold wet, likely upwind start to the race across the Atlantic. While […]

about 20 years ago
Vietnam shipbuilder wins $1B deal
News

Vietnam shipbuilder wins $1B deal

Vietnam’s state-run shipbuilder, Vinashin, has won a contract worth $1 billion to build eight car carriers for an Israeli firm, company officials said on Wednesday. The Vietnam News daily newspaper quoted the unlisted Vinashin as saying the car carriers, designed by Italy’s Naval Progetti Company, c

about 20 years ago
Daewoo founder faces 15 years in jail
News

Daewoo founder faces 15 years in jail

South Korean prosecutors sought yesterday a 15-year prison sentence and the return of billions of dollars from the Daewoo group founder, a once revered businessman who is suspected of massive fraud and embezzlement. Kim Woo-choong, 69, turned Daewoo into the second-largest conglomerate in the countr

about 20 years ago
Qatar will not face tanker shortage, says Qatargas
News

Qatar will not face tanker shortage, says Qatargas

Qatar will not face shortage of LNG tankers as the country has

about 20 years ago
Northrop seeks $200M
News

Northrop seeks $200M

Philip A. Teel, Northrop Grumman Ship Systems president, said Tuesday the company’s $200 million request to Congress would pay to cover military shipbuilding costs created by Hurricane Katrina. During a briefing to the National Press Club in Washington, D.C., Teel said the supplemental request would

about 20 years ago
Vietnamese shipbuilder to make vessels for Israel
News

Vietnamese shipbuilder to make vessels for Israel

The Vietnam Shipbuilding Industry Corporation (VINASHIN) and its subsidiary, the Ha Long Shipbuilding Plant, on May 9 fixed a deal to build eight vessels to carry autos for the Ray Car Carried Limited Company of Israel, at the price tag of close to US $1 billion. Designed by the Italian company, Nav

about 20 years ago
Ship-repair company to shut down Philadelphia operations
News

Ship-repair company to shut down Philadelphia operations

A company that hoped to build environmentally friendly oil tankers is shutting down its Philadelphia operations after failing to find buyers for the vessel. Metro Machine Corp., based in Norfolk, Va., will be leaving open two dry docks at the old Philadelphia Naval Shipyard, at the foot of Broad Str

about 20 years ago
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