China’s shipbuilding industry could be overextended in three years amid a booming global demand for new vessels. China’s shipbuilding capacity will exceed 40 million deadweight tonnes (DWT) a year in 2010 if new shipyards planned by investors are completed, according to data from China Association o
Last ditch talks are being held to try and avert a strike on Orkney’s outer isles ferries. The RMT union has given formal notice that it intends to take strike action at noon on Monday for four days after crews rejected a pay offer of 2.5%.
Fraser Yachts Worldwide (FYW) is very excited to announce the arrival of Hein Velema into the FYW Board of Directors Committee. Hein Velema will be leading the Sales Broker Team as the FYW Sales Director, based in Monaco.
Tuesday the 3rd of July was an exceptionally busy day at Wayfarer. The Dutch-owned, British-registered mega-yacht “Aeolian” had her towering mast removed in the morning and then, after lunch, she was plucked from the waters of Camden harbor by Wayfarer’s giant traveling crane and trundled into the b
Nautilus Minerals Inc said it will take over the offshore development at the Solwara 1 project in the territorial waters of Papua New Guinea after the agreement with Belgium-based dredging company Jan De Nul lapsed.
The launch of Australian Incat yard’s 112-metre wave piercing catamaran earlier this week set new milestones for High Speed Light Craft shipping. The vessel, named the Natchan Rera, is the world’s largest diesel-powered HSLC, and the largest HSLC ever to be built in Australia. Mainly this was an eve
The Protocol for the 33rd America’s Cup was revealed on Thursday afternoon, detailing the broad outlines of the next event. Among the highlights was the introduction of a new class of boat, to be 90 feet in length overall, sailed by a crew of around 20 sailors. The final design rule for the new clas
Michel Bonnefous, CEO of America’s Cup Management, on whether Valencia or another city will be selected to host the 33rd Cup: ‘Today we have a natural relationship with Valencia and Spain, and obviously we are discussing extensively the renewal of Valencia as a venue, but we haven’t reached an agree
Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received ship crane orders for 74 bulk carriers. The value of the orders is approximately EUR 75 million. The orders have been booked in the second quarter of 2007.
Signs are emerging of the plethoric capacity of China’s shipbuilding sector amid booming global demand for new vessels. Shipbuilding capacity in the country will exceed 40 million deadweight tons a year in 2010 if new shipyards planned by investors are completed, according to data from China Associa
South Korea’s Hanjin Heavy Industries & Construction, to boost its original US$1 billion investment in the Subic Bay Freeport Zone by an additional US$684 million, has posted an employment increase rate of 180 per cent from its 2007 target.
Operator Statoil has completed drilling an exploration well at the Yttergryta prospect on the Norwegian Sea’s Halten Terrace. Well 6507/11-8, which lies in production licence 062 around one kilometre east of the Midgard field, was proven to hold gas in sandstones of Jurassic age.
Eidesvik has ordered two large, state-of-the-art seismic vessels of the type ULSTEIN SX120 from Ulstein Verft. The ships will be delivered in spring 2010. The contract’s total value is about NOK 1.3 billion.
Aker Yards has entered into a contract with DOF Installer ASA based on the options given in the contract between the parties of 5th March 2007. This is the first of two possible options in the connection of the previous contract for building of 2 + 2 AHTS vessels. The value of this contract is [&hel
