Sarawak is to have its own maritime training academy by December this year. State Second Finance Minister Datuk Seri Wong Soon Koh performed the earth-breaking ceremony at the former Public Works Department’s divisional office at Upper Lanang Road here Tuesday. He said the RM11.5 million academy, to
The group, Save Our Shipyard, wants to send 50 busloads of supporters to the hearing, where federal commissioners will gather testimony that will help them decide the fate of the shipyard and other military installations slated to be closed. The Pentagon has recommended that the Portsmouth Naval Shi
A total of $10 billion (about N1.33 trillion) will be conserved and spent on Nigeria’s upstream petroleum industry in the next five years if the local content policy is fully implemented in the sector. Also, an estimated 82,000 jobs including 80,000 for technicians and artisans as well as 2,000 for
Brasil 1, the first Brazilian boat to compete in the Volvo Ocean Race, was launched in the waters of the Atlantic Ocean on Friday. The yacht was christened on Thursday afternoon at the Gl
China Cosco Holdings Co., the nation’s biggest container shipper, priced shares in its initial public offering at the bottom of a sale range on concern declining shipping rates will cut earnings. China Cosco raised HK$9.52 billion ($1.22 billion) after selling 2.24 billion shares at HK$4.25 each, ba
Every division was closely contested in the Rolex Swan European Regatta at Cowes last week, but none more so than in the small boats of Class B. Swan 441 Menenes kept her nerve with a very consistent performance in the light north-easterly winds of the final day, finishing third in both races to win
Team New Zealand’s chances of winning act five of the America’s Cup pre-regatta appear to have ended at a congested mark rounding on day two of the fleet racing regatta in Valencia. The Emirates-sponsored syndicate picked up a first and a ninth in the opening day of the regatta and followed it up wi
Maritime authorities were on alert today for a woman reported missing from a cruise ship off the Caribbean coast of Mexico, a Carnival Cruise Lines representative said. The woman was reported missing at 11 a.m. on Friday by her husband as the cruise ship Elation was returning to Galveston, Texas, af
The East Timorese Parliament has reached agreement on the management of revenue generated from a new batch of oil and gas fields. The Parliament unanimously passed the first of three laws that paves the way for the exploration of potential petroleum reserves in the country’s undisputed maritime regi
VT Halter Marine Inc. has signed a $16.3 million contract to build a catamaran lift barge for a dam-building project in Illinois. The catamaran lift barge is being built for Washington Group International and its joint venture partner, Alberici Group.
India has set a date for the start of a $500m project to open to shipping the narrow stretch of ocean between the southern tip of India and Sri Lanka.
South Korea’s HANJIN SHIPPING CO. (KSE:000700) will open a new shipping route linking Asia, the Middle East and the Mediterranean.The new route links Shanghai, Yantian, Singapore, Genoa, Fos, Valencia, Gioia Tauro, Jeddah and Khor Fakkan. * Hanjin plans to launch a joint operation with UNITED ARAB S
PTC, the Product Development Company, jointly announced with Wuchang Shipyard the implementation of PTC’s shipbuilding solution comprising Windchill PDMLink, Windchill ProjectLink and CADDS 5i, which will be used as a production design management platform in Wuchang Shipyard.
Richmond’s history is forever intertwined with the shipyards that initiated the city’s World War II-era population surge. While those shipyards created opportunity for thousands of workers, the decline and ultimate departure of those powerful economic influences created a climate of unemployment tha
