THE Cochin Port Trust is considering a comprehensive project to convert the dredged materials in the port channels into organic manure aimed at earning additional revenue as well as minimising the dredging cost.
Dubai Drydocks has been awarded a $25 million (Dh92 million) contract, one of its largest this year, to convert a giant tanker into a floating production storage and offloading (FPSO) vessel. Work on Knock Adoon, a 240,000-tonne very large crude carrier (VLCC) owned by Fred Olsen Production (FOP), w
Tugboats are good economic news for Orange County said Orange Shipbuilding General Manager Harry Murdock as he showed off the first of four 242-ton tugboats his company built for the Army Corp of Engineers. The tow boat Evanick is part of a $23 million contract to build four state of the art tow boa
Russia
Ports in Shanghai observed a record monthly freight volume of 39.78 million tonnes in July, approximately a 14 per cent increase than in June. Xu Peixing, director of Shanghai Municipal Port Administration Bureau, attributed the increase to the recent renminbi appreciation and the growing economy of
Merchant marine minister Manolis Kefaloyannis on Wednesday briefed prime minister Costas Karamanlis on recent problems in coastal shipping, which have caused lengthy delays in coastal shipping services. Kefaloyannis told reporters after the meeting that the State has taken all measures required for
The container shipping industry is expected to see healthy worldwide growth of about 8% a year for the rest of the decade. But the industry, which generates annual revenue of around $100 billion, is due for an overhaul, according to a study from the IBM Business Consulting Institute, a unit of Inter
Lobby group the Blue Wedges Coalition has called off a planned protest today against the dredging ship the Queen of the Netherlands. The coalition was planning to launch windsurfers off the Rye Pier at midday AEST and surround the Queen of the Netherlands, forcing the dredging ship to suspend its wo
Delays, extra expenses are cited as some of the projected setbacks. The price of a new attack submarine being built at the Northrop Grumman Newport News shipyard may cost taxpayers 24 percent more than originally expected. Navy documents obtained by The Daily Press show that the cost of Texas submar
COPENHAGEN, Denmark — Danish shipping giant A.P. Moller-Maersk A/S said Monday it is buying the majority of Kerr-McGee Corp.’s North Sea oil assets for $2.95 billion. Britain’s Centrica PLC is buying four other fields from Kerr-McGee for $566 million, the U.S.-based company said.
Great Eastern Shipping Company Ltd said on Monday that, it has taken delivery of a new built Platform Supply Vessel (PSV), now named “Malaviya Twenty Four” from the Bharati Shipyard, India. The vessel was contracted by the Company in September 2003 and is the fifth PSV in the Company’s fleet.
SAO TOME, Sao Tome and Principe – Far from home, a U.S. Coast Guard cutter plows its white bow through the seas of West Africa
It is one of the longest established ocean races in the world and thanks to the latest monohulls, which now sail at multihull speeds, never has the Rolex Fastnet Race record been under such a determined threat.
Fairmount Heavy Transport N.V. is pleased to announce the closing of its USD 50 million private placement of new equity. The proceeds from the offering will be used to acquire the semi submersible barges BOA 19 and 20 from BOA Offshore AS in Trondheim, Norway, and for general corporate purposes. The
