LONDON (Thomson Financial) – Globus Maritime Ltd said it has agreed to buy a dry bulk cargo ship, currently under construction at Yangzhou Dayang Shipyard in China, for 57 mln usd.
Imperial Oil Ltd. and its sister company ExxonMobil Canada, have slapped down a cool half billion dollar bet that offshore exploration in the Beaufort Sea could result in profitable oil and natural gas production.
OOCL is proud to announce on Thursday, July 19, 2007 the christening of its second in line of the sixteen 4,578-TEU vessels, ordered with Samsung Heavy Industries since 2004. The newbuilding was named the m.v. OOCL Yokohama, by sponsor Dr. Jane C K Chan, the wife of Prof. Yue-Chim Richard Wong, Prov
ABG Shipyard Ltd. is in the race to buy out Western India Shipyard Ltd. for an undisclosed sum, the Economic Times newspaper reported on Friday.
A Syrian ship has been held in detention since Tuesday in Sidon’s harbor after it was suspected of smuggling explosive materials. The Syrian ship, Lady Azza, which docked in Sidon two days ago, was supposed to transport scrap metal from Sidon to an unknown destination in Syria.
Our ship is not sinking, the giant Maersk Line reassured worried members of the Auckland public. The international shipping company took the unusual step today of issuing a public statement that its container ship Nora Maersk was having repairs to its bow thruster and was not sinking in Auckland’s W
As part of its Horizon 2010 strategy plan, in which the lion’s share of investment is in offshore oil and gas marine services, BOURBON has announced the intention of Grupo Boluda Corporacion Maritima to purchase the harbour towage activity of Les Abeilles.
The Saigon Central Container Port Company is now speeding up the construction of a container port capable of handling 1.5 million TEU, or 30 million tonnes of cargo, each year.
The Royal Cape Yacht Club and its Team Shosholoza have lodged a challenge for the 33rd America’s Cup with the Société Nautique de Genève, the Defending yacht club. Team Shosholoza founder and managing director Captain Salvatore Sarno confirmed that he has sent a Notice of Entry and submitted the nec
Hiab, the business area providing load handling solutions within Cargotec, together with SAWO, Hiab’s importer in Denmark, have secured a significant order for 133 hooklifts and 22 loader cranes from MAN. The hooklifts and the loader cranes will be installed by SAWO onto MAN trucks and supplied to t
A St. Vincent and Grenadines- flagged cargo ship has been missing for three weeks but rescue efforts are underway to locate the vessel, a Kenyan maritime official said on Thursday.
It was announced by Mr. Atiya Salem, deputy chairman of NBE Board of Directors that National Maritime Transport Co. has placed an order with STX Shipyard of South Korea to build six vessels of 81,000 tons & 86,000 tons capacity valued USD251.6 million under finance from National Bank of Egypt (NBE).
‘We are extremely pleased with the continued strong order intake. The focus on services continues to pay off as the business is growing at a rapid rate. Many of the development investments initiated are reflected as costs in the second quarter result. However, I believe that the coming two quarters
Nigerian National Petroleum Corporation (NNPC) and Total, through its subsidiary Elf Petroleum Nigeria Limited, operator of the NNPC/EPNL Joint Venture with a 40% interest, announce the launch of the Phase 2 of Ofon Field Development Project. The field is located offshore east of Nigeria in OML 102,
