Business & Finance
Pancontinental to Raise Funds for Exploration Offshore Namibia and Kenya
Pancontinental Oil & Gas NL ,an oil and gas exploration company with key assets in Australia, Kenya, Malta and Namibia, has resolved to raise up to $15 million through a placement of up to 200 million shares at an issue price of 7.5 cents per share to sophisticated and professional investors. Pancon
Government Approves Enterprise Zone Within Port Of Grimsby (UK)
NORTH East Lincolnshire has received approval for an 11-hectare Enterprise Zone (EZ) within the Port Of Grimsby. The EZ will specifically target operations and maintenance (O&M) and associated supply chain activity for the renewables industry. The Port Of Grimsby EZ will form part of the wider Humbe
Government Approves Enterprise Zone Within Port Of Grimsby (UK)
NORTH East Lincolnshire has received approval for an 11-hectare Enterprise Zone (EZ) within the Port Of Grimsby. The EZ will specifically target operations and maintenance (O&M) and associated supply chain activity for the renewables industry. The Port Of Grimsby EZ will form part of the wider Humbe
China’s Bestway Engineering, Rolls-Royce Unveil Energy Efficient Ship Designs
Rolls-Royce, the global power systems company and China’s Bestway Engineering, have today unveiled a range of energy efficient ship designs which have been produced to meet the future requirements of the global merchant shipping industry. The new highly efficient ship designs have been produced usin
MSC, CMA CGM Announce Operating Partnership Spanning Several Trades
The world’s second and third-largest container shipping companies have announced the signature of a major agreement. The two family-owned companies, the Swiss- Italian MSC and France’s CMA CGM, today agreed to form a broad-based operating partnership spanning several trades, including Asia-Northern
USA: BOURBON Offshore Orders CAT Engines for its Offshore Vessels
BOURBON Offshore has ordered over one hundred engines and generator sets from Caterpillar Marine Power Systems for anchor handling tug and supply vessels currently being constructed in China. 60x Cat® 3516C diesel electric propulsion (DEP) engines will be packaged with Kato generators for twenty anc
MOL-operated Carrier Makes First Post-Quake Call at Ishinomaki Port, Japan
Mitsui O.S.K. Lines, Ltd. today announced that the MOL-operated wood chip carrier Pro Grace arrived at Minamihama No.1 Pier in the Port of Ishinomaki, Miyagi Prefecture, which was recently rebuilt after the Great East Japan Earthquake and Tsunami. Eight months after the disaster, the Pro Grace is th
Hyundai Vinashin Starts Construction of Bulk Carrier for Turkish Company
Hyundai Vinashin shipyard, on Nov 30th, successfully organized Steel Cutting Ceremony for Hull No. S053, the 56,000 DWT Bulk Carrier, at its Fabrication Shop. Hull No. S053 is the last in the series of the 8 vessels contracted with Geden Lines (Turkey). At present, HVS is producing, installing block
Senegal: DP World Inaugurates West Africa’s Largest Container Terminal
What is now West Africa’s largest and most modern container terminal, Terminal à Conteneur, developed and operated by global marine terminal operator DP World, was officially opened yesterday (November 30) by HE Abdoulaye Wade, President of Senegal, together with HE Sultan Ahmed Bin Sulayem, Chairma
Vietnam: HRH The Crown Prince of Denmark, Vice Minister of Transportation Open CMIT
After almost five years since the establishment of the company in January 2007, Cai Mep International Terminal Co., Ltd (CMIT) was today officially opened by HRH The Crown Prince of Denmark and Mr. Ngo Thinh Duc – Vice Minister of Transportation. HRH The Crown Prince of Denmark is visiting Vietnam f
Eni Purchases Stake in Evans Shoal Gas Field Offshore Australia
Eni announces the purchase of a 32.5% stake in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, around 300km northwest of Darwin, where there is an existing LNG plant precinct. The undeveloped Evans Sh
USA: Global Industries Shareholders Approve Proposed Technip S.A. Merger
Global Industries, Ltd. announced that, at a special meeting held in Houston, Texas, its shareholders voted to approve the proposed merger of an indirect, wholly-owned subsidiary of Technip S.A. with and into Global Industries, as well as other proposals related to the merger. Global Industries and
NOL Christens Container Ship APL Chongqing at HHI Dockyard, South Korea
With a splash of champagne on steel, NOL Group welcomed the future of global trade at Hyundai Heavy Industries’ Ulsan docks today. The Singapore-based shipping and logistics giant christened the 350-meter APL Chongqing and prepared to launch a sister ship the APL Gwangyang, tomorrow. At 10,000-TEUs
China: Dockwise to Operate COOEC’s Heavy Lift Vessel
Dutch Heavy-lift specialist Dockwise Ltd has reached agreement with Offshore Oil Engineering Co. Ltd. (COOEC) to act as manager of COOEC’s new build type 1 marine transportation vessel for all third party projects. The new vessel, a semi-submersible, currently under construction at China Merchants Y