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  • 21 November 2006

    A Japanese submarine collided with a civilian cargo ship during exercises in waters off southern Japan Tuesday, defense officials said. There were no immediate reports of any injuries.

  • 20 November 2006

    Fairplay reports that the takeover offer for German classification society Germanischer Lloyd (GL) by its larger French rival Bureau Veritas (BV) is likely to face strong opposition from GL’s employees’ council. Speaking soon after news of the bid had been confirmed, the council’s deputy chairman Ingo Klauke said his members regarded the move as “hostile”, […]

  • 19 November 2006

    Golar LNG reports increased operating income at $23.9 million for the third quarter of 2006, up from $22.3 million for the second quarter of 2006 and a net loss in the current quarter of $5.9 million as compared to net income of $17.3 million for the second quarter of 2006.

  • 15 November 2006

    Knightsbridge Tankers Limited (the “Company”) reports net income of $14.5 million and earnings per share of $0.85 for the third quarter of 2006. The average daily time charter equivalents (“TCEs”) earned by the Company’s five VLCCs was $52,900 compared with $42,800 in the preceding quarter. The third quarter earnings reflect the strengthening of the tanker […]

  • 6 November 2006

    Shipping Corporation (Q, N,C,F)* of India (SCI) is planning to place a USD 502.90 million contract with Korean shipbuilding yards, reports Business Standard. Out of this, SCI has already signed contracts with South Korean yard STX Shipbuilding Co for building six new long range-I size product tankers for USD 371 million.

  • 31 October 2006

    Four foreign dredging companies have been shortlisted by the Jawaharlal Nehru port to execute its Rs 8 billion project for dredging the harbour entrance channel, reports Business Line. This is seen as another indication that overseas companies are steadily gaining ground in the domestic dredging market. It is believed that Boscalis and Van Oord BV […]

  • 21 October 2006

    More than 400 suspected illegal immigrants have been detained off the southern Italian island of Lampedusa, coast guard officials say. The suspected illegal immigrants crossed from Libya in a fishing boat. The boat was intercepted after one of the immigrants used a mobile phone to contact the Italian police on Sicily asking for help, reports […]

  • 16 October 2006

    ENSCO International Incorporated (NYSE:ESV) announced today that its Contract Status of Offshore Rig Fleet Report has been updated as of October 16, 2006. The Report is available on the Company’s new and enhanced website at and can be accessed from the home page by clicking on “Rig Contract Status.” The Report also can be […]

  • 11 October 2006

    The Dutch company involved in a toxic waste scandal in Ivory Coast has been linked to the resignation of a Jamaican minister, amid corruption allegations. Information Minister Colin Campbell resigned on Sunday after reports of a donation made to the ruling People’s National Party (PNP) by Trafigura. The company has handled the Jamaican oil contract […]

  • 6 October 2006

    OJSC Mining Metallurgic Company “Norilsk Nickel” has confirmed its order of container ships for its own fleet, as Fairplay, a weekly about international shipping, reports. Four container ships of high icebreaker class will be made at Aker MTW Werft GmbH shipyard (Warnemunde, Germany). The total freight for every ship is 18,486 thousand tons.

  • 4 October 2006

    Japanese automobile giant Mitsubishi Motors is looking for a deep water port to set up the country`s first car terminal in Gujarat. The investment for the project is estimated at Rs 30 billion, reports Business Standard. The car terminal will be designed to handle import and export from big car-carrying ships. The terminal will have […]

  • 29 September 2006

    A Japanese registered fishing vessel, “Ryoei Maro”, damaged in a collision with a Thai vessel, off the coast of Angoche district, in the northern Mozambican province of Nampula, sank on Thursday, media reports Friday quoted Angoche maritime authorities as saying. The Mozambican authorities are working to rescue the 22 crew members of the “Ryoei Maro” […]

  • 24 September 2006

    Greenpeace activists in Estonia on Monday blocked the departure of a Dutch ship that had unloaded chemical waste blamed for the deaths of seven people in Ivory Coast, the organization and news reports said. A Greenpeace statement said its ship Arctic Sunrise dropped anchor in front of the gasoline tanker Probo Koala at the Estonian […]

  • 22 September 2006

    The Indonesian government Friday signed joint oil productions contracts worth 218 million U.S. dollars with five companies, according to local media reports. Petronas Carigali Overseas won the contract for offshore oil field in Lampung province, Husky Energy Int. got offshore field in East Java , Marathon International won the onshore and offshore fields in West […]

  • 19 September 2006

    A vessel originally launched in Port Glasgow by The Queen is back in Greenock, before heading for a new life in the South Atlantic sailing around the Falkland Islands as a Fisheries Patrol, reports the British press. Pharos SG was launched at Ferguson’s in December 1992 for the Northern Lighthouse Board as a multi-purpose lighthouse […]

  • 31 August 2006

    Japanese salvage ship Senshei Maru arrived in the country Wednesday afternoon, ABS-CBN News learned. The salvage ship arrived at the Iloilo Strait at 4 p.m. and is now anchored at the Iloilo International Port. Reports said the salvage ship’s first mission is to confirm the exact location of the sunken M/T Solar 1 that has […]

  • 16 August 2006

    The Japanese Foreign Ministry on Wednesday filed a protest to the Russian Embassy in Tokyo over the detention by Russian coast guards of a Japanese fishing schooner near the South Kuriles and wounding one of the crewmembers who has died, according to Japanese media reports. However, the Russian Embassy declined the protest as unacceptable.

  • 16 August 2006

    Statements contained in the Contract Status of Offshore Rig Fleet Reports, including information regarding the Company’s estimated rig availability, contract duration or future day rates, customers or contract status are forward-looking statements. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include […]

  • 15 August 2006

    Brussels – A Belgian and a Moroccan working in Nigeria’s oil sector were released on Monday after being held for more than a week, said reports. The reports quoted an official from their employer, Dredging International, as saying that the two men were in good health despite difficult living conditions since their kidnap in the […]

  • 14 August 2006

    North Hoyle and Scroby Sands offshore wind farms produced enough energy to power almost 80,000 homes and saved more than 250,000 tonnes of greenhouse gas emissions, according to the first annual reports from the facilities. Also detailed in the reports were positive results on wildlife impact and safety measures, meaning that the two wind farms […]

  • 10 August 2006

    Knightsbridge Tankers Limited (the “Company”) reports net income of $7.9 million and earnings per share of $0.46 for the second quarter of 2006. The average daily time charter equivalents (“TCEs”) earned by the Company’s five VLCCs was $42,800 compared with $54,300 in the immediately preceding quarter. The second quarter earnings reflect the weakening of the […]

  • 9 August 2006

    The Environmental Protection Agency (EPA) in Australia says its decision to approve the extraction of 15 million cubic metres of sand from the Moreton Bay Marine Park is based on years of research. According to local press reports, Caloundra city councillor and a former member of the Beach Protection Authority, Andrew Champion, has voiced concerns […]

  • 3 August 2006

    Posco also said in a Securities and Exchange Commission filing that it has no plans to move into manufacturing automobile gas filters. The company said it made the statements in the SEC filing in response to reports on those matters. South Korean steel maker Posco said it hasn’t considered acquiring Daewoo Shipbuilding & Marine Engineering […]

  • 3 August 2006

    Turkey`s fishing industry will appeal to the nation`s highest court in Ankara to reverse a decision letting an asbestos-covered ship into Turkish waters. The Marmara Union of Fisheries Cooperatives and Nature Warriors environmentalist group say the asbestos-covered Mexican ship Otopan — due to be towed into the port of Izmir on the Aegean Sea from […]

  • 31 July 2006

    Oil tanker Makhambet for Mobilex Energy of Kazakhstan is launched at Viborg shipyard today. The vessel is purposed for crude oil and oil products transportation in Caspian Sea, Trend reports. The tanker was designed in Vimpel construction bureau. Makhambet is the sixth in a row built and commissioned at Viborg Shipyard OAO for Kazakh customers. […]