Keppel Offshore and Marine says it is not too worried about the recent sharp drop in oil prices. That is because its current bulging order book is sustainable for at least the next four years, and is still winning orders with another two contracts on Thursday worth a total $210m for offshore vessels
A shut-down of the Statoil-operated Snorre A platform in the North Sea has not been demanded by the authorities even though an exemption from Norway
A new light oil grade based on condensate and crude from the
Montana Holdings, Ltd., the developers of Rum Cay Resort Marina, along with architect, Bruce Lafleur and Associates Ltd., have recently revealed the master site plan for the 900-acre, multi-use residential resort and mega-yacht marina development. The US$700 million Bahamian resort will afford owner
Arive, an Indian employee who has been working at the Samsung Heavy Industries Geoje shipyard design team for almost five years, has high level Korean language skills. He is highly praised for his work capability and also has many Korean friends. Behind the Indian workers high Korean language and wo
Edinburgh Council is to consider mounting a legal challenge against plans to transfer large amounts of oil between ships in the Firth of Forth. Leader Ewan Aitken said he has called for an urgent meeting with Fife and East Lothian councils to discuss a joint strategy for opposing the plans. Mr Aitke
Marine diesel could remain exempt from fuel duty increases after a Guernsey minister said he accepted that a higher tax might deter visiting yachtsmen. Boat traders and owners claim plans to scrap motor tax and increase fuel duty will have an impact on their trade. Treasury and resources minister Ly
A Fisheries Survey of India (FSI) vessel to identify the concentration of Yellow fin Tuna, an export variety of fish, in the Bay of Bengal, is now berthed at Fishing Harbour, Kasimedu, near Royapuram. Acquired recently by the FSI, the vessel `Matsya Drushti’ is known as `Tuna Monofilament Longliner,
The 200-foot-long bunkering vessel Golden Bay was re-floated after a six-hour operation to lift it off a reef she had settled on in Marsascala at about 6am yesterday. The vessel, which was empty apart from 15 tonnes of diesel for its own consumption, was eventually hauled off the reef by a tugboat a
Mitsui O.S.K. Lines Ltd (MOL), one of the world’s largest shipping companies, said a large dry bulk carrier went aground off the Japanese port of Kashima in Ibaraki, killing two. The company said in a statement that eight crew members of the carrier, Giant Step, were still missing following the acci
Charters worth NOK 1.8 billion, including options, for three anchorhandling newbuildings have been placed by Statoil with Norway
Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company with a development project in the United Arab Emirates, announces the recent work on the Mubarek H2 well has resulted in a substantial 130% increase in production from the H2 well. Crescent Petroleum Company International Limited (“Crescent”)
The newly-formed U.S. Superyacht Association (
Two shipyards of international standards are being planned in the country. When finished, they will have the capability to build vessels in excess of 3 lakh dead weight tonne. At a cost of Rs 3,000 crore each, the intention to build these shipyards will be formally flagged off next fortnight when th
