The first of the Royal Navy’s new Type 45 destroyers, HMS Daring, is to go to sea for trials. The vessel, described as a new generation of warship, is to start 18 months of sea trials before being put into service in 2009.
A consortium including Hyundai Merchant Marine will operate a new container terminal at Rotterdam Port in the Netherlands. Hyundai’s consortium which includes Singapore’s APL (American President Lines), Japan’s MOL (Mitsui O.S.K. Lines), France’s CMA CGM, and DP World of the United Arab Emirates has
Aker Kvaerner has signed three new contracts for design and supply of oil and gas treatment packages. The total value of the three contracts is approximately NOK 160 million. One of award is with Hyundai Heavy Industries for design and supply of all inconel gas/glycol dehydration unit to to Adma Opc
The Rosebank appraisal well 205/1-1 west of Shetland is a success. During a production test, the well flowed at choked rates of 6,000 barrels of oil per day. Statoil has a 30% interest in the find.
Sealift Ltd ( the Company), the parent company of the Dockwise group of companies (the ‘Dockwise Group’) announces that it has signed an agreement to acquire the entire share capital of Offshore Kinematics Inc (‘OKI’) and Ocean Dynamics LLC (‘ODL’). As consideration for the acquisition, the Company
A replica Viking ship trying to sail across the North Sea has been forced by unfavourable winds to accept a tow. The Sea Stallion set out on Monday from Norway bound for Scotland but struggled to make headway on a calm sea.
Daewoo Shipbuilding and Marine Engineering Co., the world’s second-largest shipbuilder, said on Wednesday it has won 543.6 billion won ($592.3 million) container ship order from an Asian shipper.
Leading independent sports producer Sunset + Vine has been appointed as the production partner for the Volvo Ocean Race 2008-09. Sunset + Vine will produce 39 half-hour programmes and nine one-hour monthly programmes as part of the race’s broadcast output during the nine months of the event. They wi
A US treasure-hunting ship intercepted and searched by Spanish police investigating a mysterious haul of riches has been cleared to leave port. The Ocean Alert is owned by a company in Miami which recently raised a record haul of silver coins from a shipwreck.
One person died and four were seriously burned including a South Korean man in a gas explosion Tuesday at the Hyundai-Vinashin Shipyard in central Vietnam’s Khanh Hoa province.
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) today announced that its Board of Directors has declared a cash dividend on its common stock for the second quarter of 2007 of $0.47 per share, payable on or about August 7th, 2007, to all shareholders of record as of August 1st, 2007.
StealthGas Inc. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that its follow-on public offering of 7,200,000 shares of common stock, representing an increase of 1,200,000 shares from the originally prop
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and a provider of seaborne transportation for drybulk and containerized cargoes, announced today that it has declared a dividend of $0.25 per common share for the second quarter of 2007. The dividend is paya
On July 6th 2007, Transas signed a contract with the Krasnoe Sormovo shipyard (MNP Group) to supply navigational equipment for the RST22 tanker series. Turkish shipping company Palmali Shipping is the project’s customer. Several Palmali Shipping vessels have already been equipped with Transas system
