Dolphin Offshore Enterprises India Ltd said it has bagged an order worth over Rs 147 crore (32.196 million dollars) from domestic oil exploration major Oil and Natural Gas Corporation Ltd. The company, along with Naftogaz Consortium, secured the BBBLRP Project contract from state-owned ONGC, Dolphin
Two Canadian tuna fishermen were rescued unharmed off the Oregon coast by a U.S. Coast Guard helicopter after floating on a life raft for two hours in swells as high as five metres. The Silver Bear, a 16-metre wooden fishing boat that was almost 100 years old, sank in the Pacific Ocean about 220 kil
Hanjin Shipping has established a wholly-owned local company in India, which starts operations from October, 2006. Approximately USD 900,000 has been invested in ‘Hanjin Shipping India PVT LTD,’ the new company will be called, which will reshuffle its sales organization. The new local company is des
The Viet Nam Shipbuilding Industry Group (Vinashin) snatched two large contracts worth US$800 million with their partners in the United Kingdom. The signing was made during a business forum on trade, investment and tourism which took place on Oct. 6 in London as part of “the Viet Nam Days in the UK.
A Bahaman-flagged tanker “Clipper Loyalty” was launched in Tuzla neighborhood of Istanbul today. Making a keynote speech in the ceremony, Turkish Transportation Minister Binali Yildirim said that ships have been constructed in Tuzla Shipyard for 22 years, and today the shipyard has 1,25,000 dwt of s
Sealegs International [ NZX : SLG ] has appointed Kunjang Shipbuilding Company to act as its distributor in South Korea. An initial order of five Sealegs amphibious boats has been placed by Kunjang Shipbuilding representing over NZ$400,000 of revenue. The president of Kunjang Shipbuilding President
HE was the whistleblower who exposed how top executives at IT giant Hewlett-Packard (HP) were snooping on its board members using unethical methods. Mr Tom Perkins resigned from HP’s board in May in protest over how the company had hired private investigators that used questionable tactics to obtain
During its current (55th) session, the Marine Environment Protection Committee (MEPC) of the International Maritime Organisation (IMO) is expected to approve a proposed draft action plan to tackle the alleged inadequacy of port reception facilities – seen as a major hurdle to overcome in order to ac
Miami-Dade County commissioners are scheduled to vote Tuesday on a dredging permit to build a mega-yacht facility on Watson Island. Island Gardens is hailed as the missing jewel in a waterfront community, a new place to spoil the locals and, it’s hoped, wealthy visitors. When Miami commissioners let
Feretti Group production value increased to 770.4 million euros, a gain of 18.0% compared with the 652.9 million euros reported a year earlier; EBITDA grew to 118.4 million euros, or 37.7% more than in the previous year; net profit rose to 25.3 million euros (a gain of 118.8% compared with the 2005
Russian energy group Gazprom has today stated in a press release that they will develop the Shtokman field without foreign partners. The Shtokman gas will instead be piped to European markets. Yesterdays announcement by Gazprom was not expected.
As part of Defence Industrial Strategy (DIS) which was announced in December 2005, a Surface Ship Support Alliance (SSSA) is being developed to provide sustainable contracting arrangements for surface ship support. The Defence Logics Organisation (DLO) has announced the award of contracts for the fi
Keppel Kazakhstan LLP (Keppel Kazakhstan), a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has launched transportation barge AKKU1, built for Agip Kazakhstan North Caspian Operating Company N.V. (Agip KCO). The launch marks a significant milestone as AKKU1 is
Production value increased to 770.4 million euros, a gain of 18.0% compared with the 652.9 million euros reported a year earlier; EBITDA grew to 118.4 million euros, or 37.7% more than in the previous year; net profit rose to 25.3 million euros (a gain of 118.8% compared with the 2005 fiscal year);
