In order to catch up with the fast growing logistics demand in Southern Jiangsu area, COSCO Logistics Co., Ltd., the logistics arm of COSCO Group, recently enhanced its logistics facilities by setting up a joint venture with a local partner named Jiangsu Dagang Co., Ltd. The new company named Zhenji
The fourth out of a series of five class 130 corvettes for the German Navy has been christened today on the name OLDENBURG attended by high-ranking guests from the German Federal Ministry of Defence, the German Federal Office of Defence Technology and Procurement, as well as various guests from the
A third berth planned at the new Bayport container terminal will be redesigned, after larger than expected ships began calling at the facility. Bayport’s lead tenant, CMA CGM, is bringing vessels of almost 1,000 feet long, which port officials said today means the third berth must be larger than fir
If you were fortunate enough to see yesterday’s match, you were treated to an awesome display of America’s Cup racing. The lead passed from one team to the other, and then back again, and back yet again as mistakes were made in weather calls, on tactical decisions, and in boat handling. But for all
Following a very successful sea trial and an inspiring Naming Ceremony earlier this month, Aker Philadelphia Shipyard delivered the second vessel in an up to 16 ship order of product tankers as the 600-foot long MT46 Veteran Class Overseas Long Beach was transferred to American Shipping Corporation,
Three warships built at BAE shipyard in Glasgow for the Royal Brunei Navy are finally to be sold after a long-running legal dispute was resolved. A £600m deal between BAE Systems and Brunei was signed in 1998, resulting in the completion of three coastal patrol frigates by 2004.
BP today announced plans for significant investment in its southern North Sea business which will lead to an increase in recoverable gas reserves and create opportunities for further development offshore.
The Swiss Defender of the America’s Cup needs to get back on the winning track after dropping two consecutive races to Emirates Team New Zealand. The Kiwis lead the Match 2-1.
Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received RoRo access equipment orders for Pure Car and Truck Carriers (PCTCs) and RoRo vessels from several shipowners. The vessels will be built at the Hyundai Mipo shipyard in Korea. The RoRo access equipment will be
The world’s most famous ocean liner, Queen Elizabeth 2, is set to embark on a series of farewell voyages before retiring from the high seas to become a luxury floating hotel in Dubai. Launched by the Queen at Clydebank in Scotland in 1967, the 70,000-tonne vessel has been sold for $118 million to th
Total announced today that it has signed a memorandum of understanding with Venezuela’s ministry in charge of energy and petroleum to transform operating company Sincor, formed by the project partners, into a mixed company. The agreement is in line with the law of February 26, 2007, passed by presid
Technip has been awarded by CEPSA a lumpsum engineering, procurement and construction (EPC) contract, worth approximately €60 million, for a hydrogen plant to be built at the Huelva refinery, Spain.
The wide spread availability of biofuels in the UK took a major step forward today as BP, Associated British Foods (ABF) and DuPont announced major investment plans, totalling around $400 million, for the construction of a world scale bioethanol plant alongside a high technology demonstration plant
The Athena is an MPSV operating under contract for TOTAL E&P Congo. This morning at 5.25 am (Paris time) the Athena, a BOURBON fleet Multi Purpose Supply Vessel operating under contract with TOTAL E&P Congo, reported a technical incident provoking entry of water in the engine room. It was at 15 naut
