China became the latest debutant America’s Cup country when it registered its guarantee of 1 million euros (NZ$1.75m) hours before yesterday’s deadline. China, South Africa and a new German syndicate – United Team internet Germany – have never competed for the Cup before and join nine other syndicat
Kuwait has invited bids for building the first phase of a state-of-the-art container port on Bubiyan Island at a cost of around $2 billion, the emirate’s public works minister said yesterday. About 17 international and local companies have been prequalified for the project which is expected to start
Shippers have to shell out more as the container shipping lines platform India – Pakistan – Bangladesh – Ceylon Conference (IPBCC) is planning to increase the rates for European bound trade through a rate restoration initiative effective from June 1. “At a business plan review meeting held in Mumbai
The Offshore Technology Conference set to open at Reliant Center next week will be somewhere between the festive spectacles of the 1970s and the grim wakes of the late 1980s. The rejuvenated annual energy event inaugurated in 1969 is expected to bring more than 50,000 oil and gas industry profession
OPEC’s president said Monday that the cartel’s members excluding Iraq were producing 29.7 million barrels per day, 2.2 million bpd above the official quota, and there was no immediate need to pump any more oil. “Our latest information is that the OPEC-10 production now is 29.7 million bpd. There is
Venezuelan state oil giant PDVSA will prospect for, pump and refine oil from Cuba’s Gulf of Mexico economic zones, the company has announced. Spain’s Repsol-YPF, PDVSA and many of its rivals are looking for new oil fields around Cuba, one of the most under-exploited areas in the world. If they were
Palmer Johnson has now sold three of their highly acclaimed 120 ft. Sport Yachts and also signed a contract for a 150 ft. Super Sport Yacht which is scheduled to deliver in late 2006. Further, the company sold the first of their 123 ft. GRP Raised Pilot House series upon its debut at the 2005 [&hell
The challenge has been laid down for Team New Zealand with 10 other syndicates in the fight to take the America
North Carolina’s shallow coastal waterways see a steady stream of traffic from fishing boats, tour trips and outdoor enthusiasts. But this year, uncertain federal funding has threatened officials’ ability to keep those inlets and channels open. State lawmakers have commissioned a study of the waterw
Cargo shippers say they expect goods to start piling up on the docks now that construction has started on the cruise ship terminal at Pier 2 of Honolulu Harbor. Two cargo companies at neighboring Pier 1 say they’ve lost more than 45,000 square feet of operational space — about three-fourths the size
Five heavily-armed Indonesian men who tried to take over a Thai fishing boat in the Andaman Sea have been arrested and are being held on suspicion of piracy and illegal possession of weapons, the Thai army said on Monday. The Thai navy boarded the fishing boat last week after it signalled it was in
The oil firm Shell has been fined
A specialised Royal Navy carrier ship is to visit Jersey for the first time in living memory as part of the 60th Liberation Day commemorations. HMS Albion is one of the most sophisticated warships of its type. The 18,500-tonne vessel, based at Devonport Dockyard in Plymouth, can carry 700 Royal Mari
South Africa are the first of eight challengers for sailing’s most prestigious trophy, the America’s Cup, to build a new boat. Team Shosholoza’s RSA-83 hull, unveiled in Cape Town, is the first America’s Cup boat to be designed and built in South Africa, the Cup website announced. The hull, sporting
