COPENHAGEN, Denmark — Danish shipping giant A.P. Moller-Maersk A/S said Monday it is buying the majority of Kerr-McGee Corp.’s North Sea oil assets for $2.95 billion. Britain’s Centrica PLC is buying four other fields from Kerr-McGee for $566 million, the U.S.-based company said.
Great Eastern Shipping Company Ltd said on Monday that, it has taken delivery of a new built Platform Supply Vessel (PSV), now named “Malaviya Twenty Four” from the Bharati Shipyard, India. The vessel was contracted by the Company in September 2003 and is the fifth PSV in the Company’s fleet.
SAO TOME, Sao Tome and Principe – Far from home, a U.S. Coast Guard cutter plows its white bow through the seas of West Africa
It is one of the longest established ocean races in the world and thanks to the latest monohulls, which now sail at multihull speeds, never has the Rolex Fastnet Race record been under such a determined threat.
Fairmount Heavy Transport N.V. is pleased to announce the closing of its USD 50 million private placement of new equity. The proceeds from the offering will be used to acquire the semi submersible barges BOA 19 and 20 from BOA Offshore AS in Trondheim, Norway, and for general corporate purposes. The
The National Maritime Authority (NMA) and the Nigerian Liquified Natural Gas (NLNG) company have commenced moves to begin training of cadets of the Maritime Academy of Nigeria (MAN) following Government’s decision to develop the nation’s capacity in seafaring.
Dubai Maritime City is establishing a shipping registry office, which will be open to both foreign and national ownership of vessels and will be the first of its kind in the Middle East.
In a major boost to cruise shipping in the country, the Union Government allowed operation of cruise services by a Malaysian cruise liner on two sectors – Mumbai to Lakshadweep (Kadmat island) and Mumbai to Goa –which are expected to start operations by October this year. The Shipping, Road Transpor
Oil and Natural Gas Corporation (ONGC) has decided to hire a floating platform sub-sea operation (FPSO) from overseas to restore the functioning at its oil processing platform, Bombay High North, which was engulfed by fire last week.
PORTSMOUTH
Ferguson shipyard on the Clyde has lost out to a Polish firm on a key fisheries vessel contract from the Executive.
Korea’s three largest shipbuilders said yesterday that they have won orders from a major global liquefied natural gas project. Daewoo Shipbuilding and Marine Engineering, Samsung Heavy Industries, and Hyundai Heavy Industries won orders to build 12 liquefied natural gas vessels from the Qatar RasGas
Vietnam’s state-run ship builder will issue bonds worth 500 million dollars this year to raise funds for key projects, including the construction of 15 vessels for a British company. No exact date has been fixed for the sale of the bonds to overseas Vietnamese and to foreign companies in the interna
Halterm Ltd., a wholly owned subsidiary of the Halterm Income Fund, says it will provide container handling services in the port of Halifax to China Shipping (North America) Holding Co. Ltd. under a new three-year deal. Units of the Halterm fund (TSX:HAL.UN) shot up nearly 20 per cent Tuesday, gaini
