KUALA LUMPUR: Pirates, in cohorts with an international syndicate disposing goods stolen from ships, are believed to have hijacked a cargo vessel carrying 16,585 tones of vegetable oil worth several million ringgit in the South China Sea.
The trend is clear from the order book of Hyundai Heavy Industries of South Korea, the world’s largest shipbuilder. Hyundai must deliver 145 container ships by 2008, including 45 ships ordered this year alone.
BP and its partner, Iranian Oil Company UK Limited (IOC UK Ltd), today announced that gas production and export had begun from the Rhum field, the UK’s largest undeveloped gas discovery, 240 miles north-east of Aberdeen.
The warship HMS Cornwall has been officially accepted back into the Royal Navy Fleet. The formality followed an inspection of work carried out on the Type 22 frigate during an extensive refit at the Devonport naval base in Plymouth.
Green engineering could help protect the sea as marine trade expands. Ships use less fuel per kilo of cargo than road or air transport.
LONDON -(Dow Jones)- Associated British Ports Holdings said Wednesday that it welcomes the U.K. government’s decision to permit the building of its proposed container-shipping terminal at its Port of Hull.
South China Research downgrades China Shipping Development (1138.HK) to trading sell after 3Q05 results showed substantial freight drop. Believes freight for CSD will keep falling in coming years
POSCO, the nation’s largest steelmaker, said yesterday it will cut the prices on 13 steel products by up to 17 percent from next year to protect the domestic market from cheap Chinese products.
Japanese whalers used water cannons to drive off Greenpeace protesters today as the environmental activists battled to prevent a Japanese ship from loading a harpooned whale in the Southern Ocean.
Ericsson (NASDAQ:ERICY) has signed a contract for a Coastal Surveillance system in Malta, together with Norwegian partner Norcontrol IT.
A fleet of new ships built for BG and other companies to meet Britain’s growing energy needs by bringing in liquefied natural gas (LNG) from abroad has been hit by leaks and safety scares.
Offshore Hydrocarbon Mapping has been awarded a contract by Rockhopper Exploration to conduct a Controlled Source Electromagnetic Survey (CSEM) on its prospects in North Falklands.
Constanta South Container Terminal (CSCT), the terminal operated by DP World in Romania, has increased volumes by more than 450%, achieving its 500,000 TEU* milestone recently while servicing the MSC Jemima.
NEWPORT NEWS, Va., Dec. 20, 2005 (PRIMEZONE) — Northrop Grumman Corporation (NYSE:NOC) has redelivered the USS George Washington (CVN 73) to the U.S. Navy following a 10-and-a-half-month maintenance availability.
