It will take about three days to complete off-loading the bunker fuel from a ship stuck on a sandbank near the East London harbour, the National Ports Authority (NPA) said. Terry Taylor, the NPA spokesperson, said about eight containers are being removed from the ship per hour. “It is going extremel
The Vietnam Shipbuilding Industry Corporation (Vinashin) signed shipbuilding contracts with foreign partners, including those from Japan, Germany and Israel, worth nearly US $4.5 billion in the first half of the year. Cargo ships under these contracts were mostly of 5,300 to over 56,000 tonnes.
The Australian oil exploration company Santos announced last Friday an oil and gas discovery at the Dua-4X exploration well currently being drilled in exploration Block 12E, offshore of Vietnam. Initial tests at the Dua-4X and Dua-4X ST1 wells, operated by Premier Oil, discovered oil and another wel
Great Eastern Shipping Company Ltd., (GE Shipping) today said it has signed a contract to sell Aframax crude carrier ‘Jag Leena’. The sale of the 1985 built crude carrier was in line with the increasing preference towards double hull tankers – a ship equipped with double skin of steel separated by a
The U.S. Navy awarded a Lockheed Martin-led team nearly $198 million for construction of the Navy
An Australian marine salvage company has been called in to rescue a bulk carrier that ran onto a reef off Papua New Guinea. The Zhi Qiang, loaded with Australian sugar out of Queensland, hit the reef about 525km east of Port Moresby on Saturday, an Australian Marine Safety Authority (AMSA) spokeswom
One sector where China has promoted import substitution is shipbuilding, where it has leveraged the purchase of its first contracts of liquefied natural gas to ensure the tankers carrying the resource from foreign fields are built in China. Guangzhou Shipyard, which gained 60 per cent of revenues fr
Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is pleased to advise that the Company has exercised its option for a fourth ice class Panamax at Jiangsu Rong Sheng Heavy Industries. The vessel of 75,000 dwt will be delivered early 2009. The agreed purchase price is USD 34.5 million. The
FROM its beginnings as a shipping operator between Adelaide and Melbourne in 1875, it took more than a century for Adelaide Steamship to reach its peak in the 1980s as one of corporate Australia’s high-flyers. It soon became one of our largest corporate collapses. In its early years Adsteam became o
THE shipyard could build its own wind farm on site to help cut its huge electricity bill. It is set to become the first BAE Systems site in Britain to erect a wind turbine as part of a trial. BAE is asking Barrow council for planning permission to construct a trial turbine at the shipbuilding [&hell
B+H Ocean Carriers Ltd. (AMEX: BHO) announced today that it had acquired a 1988-built, double-sided, 61,000 DWT Panamax product tanker to be renamed MT SACHEM. The purchase also reflects the continuation of a Time Charter which continues through February or March 2007. The Company noted that the pur
Nearly 44 square miles of coastal waters off San Luis Obispo County would be off-limits to fishermen or have severe fishing restrictions under a plan proposed by the state Department of Fish and Game. The plan would create no-fishing areas at Piedras Blancas, Cambria, Morro Bay and Point Buchon. Fis
The Federal Government says the number of illegal fishing boats intercepted off Australia’s coast has almost doubled this year. Fisheries Minister Senator Eric Abetz says 194 foreign fishing boats were intercepted in the first six months of this year, compared to 107 by the same time last year.
Three Letters Of Intent have been received end of last week by Atlantia Offshore Limited, a fullyowned subsidiary of SBM Offshore N.V., from several Brazilian drilling contractors in the wake of major drilling contracts recently awarded by Petrobras for their deep offshore development plans. Under t
