Half-year net profit of US$ 97.8 million represents an increase of 33% over 2005 (US$ 73.5 million). Return on equity of 20.8% (20.7% in 2005); Return on capital employed rises by 21% to 13.4% (from 11.1% in 2005) for the six month period; New orders amount to US$ 2,318 million for the first six mon
Imtech (technical services provider in Europe) has announced that it has received orders worth over 50 million euro for a variety of technological solutions in three cruise ships to be built in Germany. In the market of cruise ship construction there is a growing demand for ever bigger and more luxu
WORK on Britain’s biggest and best-equipped cruise ship – the 116,000-ton Ventura – is due to start today. The state-of-the-art vessel, which will carry more than 3,000 passengers in the height of luxury, will be 15 decks high and almost 300 metres long. She is expected to be based in Southampton an
The future of Poland’s shipyards, the cradle of the country’s Solidarity trade union movement, was called into doubt on Monday in a stand-off between Brussels and Warsaw over hundreds of millions of euros of state aid. Neelie Kroes, EU competition commissioner, has given Warsaw until the end of the
The naming ceremony for DMHI
Borough officials say a long-awaited project to dredge sediment clogging Alcyon Lake is set to begin in mid-September. The borough council awarded a $277,000 contract for the dredging to Franklin Township-based Elk Pipeline on Monday evening. “We’re finally getting to the end of the tunnel on this,”
The Port Commission of the Port of Houston Authority authorized funding of PHA’s $9.9 million share of a Houston Ship Channel dredging and maintenance project and several other matters at its public meeting on Monday, August 28. Chairman Jim Edmonds presided over the meeting with Commissioner Steve
The New Zealand Shipping Federation says it wants more support for coastal shipping from the Government and from local bodies. Federation manager Paul Nicholas says a draft strategy will be presented next month calling for government promotion and investment in maritime transport as well as for a na
PORT ARANSAS — Divers investigating a newly discovered sunken ship in a channel near Port Aransas said an exploratory dive provided some answers but also raised lots of questions. The team of divers made a reconnaissance dive Monday to examine the ship, which a parasailer spotted this summer in abou
A group of unidentified foreign men launched a surprise attack on a Vietnamese fishing boat and stole their entire cuttlefish catch, a local source reported Tuesday. The boat
Natural gas producer Cabot Oil & Gas Corp. said Tuesday it will sell its offshore portfolio and its south Louisiana properties to oil and gas exploration company Phoenix Exploration Co. LP for $340 million. The sale is expected to close Sept. 29, subject to customary closing conditions. With proceed
Further to Singapore Petroleum Company Limited
After racing 35,000 miles around the globe, the Cardiff entry into the Clipper 05-06 Round the World Yacht Race had its own homecoming this weekend to a rapturous welcome at the Mermaid Quay Cardiff Harbour Festival. Over the course of the weekend local schools, members of the public and media guest
Gemak’s new building Hull No:31 has launched on 24 August 2006 at the Tuzla Gemi Endustrisi AS ; Gemak’s subsidiary for new buildings.
