Crude oil prices remained near record highs of more than $70 a barrel today on fears of a US attack on Iran and militant action in Nigeria that has halted production.
Transocean Inc. has been awarded a two-year, $248 million contract for the semisubmersible rig C. Kirk Rhein Jr. for drilling operations offshore India. The contract, which is expected to commence in December, was awarded by Reliance Industries Limited.
Today, on 18 April 2006, the cruise ferry “Galaxy” was delivered for Tallink from Aker Yards shipyard in Rauma. The contract worth 165 million Euro was signed in October 2004. The vessel will start cruises from Helsinki to Tallinn. The vessel is one of the biggest cruise ferries in the Baltic Sea, h
Royal Huisman Shipyard is currently building a 58.04 metre ( 190.4
The results of the tank testing conducted at SSPA facility in Goteborg, Sweden, confirm that the hull shape of the mega yacht 55m WallyPower developed by WallyDesign
Aker Yards
Keppel FELS Ltd (Keppel FELS) has secured an order to construct the first jackup rig for Mercator Lines Ltd (Mercator) for US$180 million. This includes the design, engineering and construction of the rig as well as costs in getting the rig operationally ready. To be delivered in first quarter 2009,
On April 15th 2006, less than twelve months after her keel was laid, Y-702’s hull and superstructure were ready to be transferred to the oceAnco facility. Later that day, the superstructure was positioned on the hull before the yacht was transported to the quay at the oceAnco facility in Alblasserda
OceanWorks International has announced that on February 25, 2006 Phase I of project VENUS (Victoria Experimental Network Under the Sea) officially became Canada
The Vietnam Oil and Gas Corporation (PetroVietnam) discovered a large volume of oil and gas at several major fields offshore in the first quarter of this year, announced the corporation at a press briefing in Hanoi on April 12.
Drilling contractors have struck pay dirt in the current market of high oil prices and short supply of drilling rigs, and investors anticipate sharp gains when the industry’s largest report earnings over the coming week.
Shipping rates continued to decline amid an increasing number of vessels and as refineries in Asia close for maintenance. Rates for Aframax and very large crude carrier (VLCC) on select routes have fallen more than 30% so far this year. During the first quarter, Aframax and VLCC rates were respectiv
South Korea’s top container shipper, Hanjin Shipping Co., inaugurated a shipping line Friday between Singapore and Bangladesh. Hanjin Shipping and Singapore’s shipper Sea Consortium Pte. Ltd. are operating five ships to provide a service once every four days between the ports of Singapore, Malaysia’
Martime Workers Union (shipping and courier branch) of Port Harcourt District has honoured the state commissioner for transport, Mr. Emeh Glory Emeh, the chairman of Port Harcourt Local Government Council, Hon. Azubuike Nmerukini and the chairman of Obio/Akpor Local Government, Barr. Nyeso Wike for
