The swelling legions of the super-rich are no longer content with your basic yacht. Only a mega-yacht will do – with, for starters, a parking bay for the Ferrari, a heliport and a jacuzzi. On display at a recent nautical expo in the northern Italian port of Genoa, gleaming in the autumn sunshine, we
Husky Energy Inc. reported net earnings of $682 million or $1.61 per share (diluted) in the third quarter of 2006, up 23 percent from $556 million or $1.31 per share (diluted) in the third quarter of 2005. Cash flow from operations in the third quarter was $1.2 billion or $2.88 per share (diluted),
Maersk Contractors and Total E&P Borneo have agreed on a contract for lease of a 375 ft jack-up rig to drill at Total’s Maharaja Lela field off Brunei. The rig is the first of two identical jack-up drilling rigs presently under construction at Jurong Shipyard in Singapore. The contract will commence
THE US$200 MILLION yacht docked in Carlisle Bay belongs to billionaire philanthropist Paul Gardner Allen. The 127-metre (416-foot) MY Octopus, a regular visitor to Barbados, was launched in 2003 as the world’s largest yacht, though it is fourth in the list of motor yachts by length.
A complete ban on North Sea cod fishing in 2007 is the main recommendation to European governments from their scientific advisors on fisheries. The International Council for the Exploration of the Sea (Ices) says stocks of cod, sandeel and anchovy remain below sustainable limits. Ices has made the s
The benefits of eating fish outweigh any potential health risks from pollutants, a study has concluded. The Harvard School of Public Health reviewed existing studies that looked at the health effects of eating fish. They concluded eating up to two portions of fish a week was beneficial, and eating f
A busy Hampshire port had to be closed overnight after a gas leak on board a tanker at an oil refinery. Southampton port was shut when a faulty valve caused a leak on Tuesday evening on a tanker taking liquid propane gas from Fawley oil refinery. There were fears the gas could ignite and the [&helli
Anyone fancy a holiday home in the Seychelles? A new artificial island is shaping up to sell the dream for the price of a London bedsit. Until recently the Seychelles was best known as a sun-kissed holiday destination – just ask the Blairs, Brad Pitt and Paul McCartney, who have all spent summers th
A gasoline tanker ship exploded Tuesday as a welding spark came into contact with fuel at a Mexican port, killing at least eight people and injuring nine others, officials said. Four hundred workers were evacuated from the area of the ship, owned by Mexico’s national oil monopoly Petroleos Mexicanos
Archaeologists discovered a Viking ship burial Tuesday on a farm in southern Norway. The excavation was being carried out in preparation for the expansion of the graveyard at Hedrum Church in Larvik, Aftenposten reported. The researchers told Norwegian Broadcasting that another ship appears to be bu
U.S. Shipping Partners L.P. (NYSE: USS) (“U.S. Shipping”) today announced that it has completed a long-term time charter for employment of the second of its series of articulated tug barges (“ATBs”) scheduled to be delivered in mid-2008. The charterer, an investment grade company, will utilize this
Statoil has installed a new subsea template that ensures improved recovery on the Norne field in the Norwegian Sea. A total increase of 10 million barrels of oil is expected. One of the two wells tied in to the template commenced production on 18 October. “Statoil’s ambition is to maintain a product
Russian Transpac 52 Rusal Synergy won today’s first inshore race in the build-up to the start of the 608-mile Rolex Middle Sea Race this Saturday. When skipper Alexei Nikolaev crossed the finish line off Fort Manoel in Malta, he suspected that he’d had a good race, which was later confirmed by the I
More than your average sailboat, mega yacht charters offer all the luxury of a five star hotel, more room than most city apartments around the world, and the freedom to go where you want without having to pack and unpack at every stop. In addition, mega yacht charters come fully staffed if you so de
