The pirates of the Malacca Straits, one of the world’s most important waterways, are mounting more serious attacks than ever before after recovering from the Dec. 26 tsunami, according to a recently published report. Lloyd’s of London recently added the straits to its list of war- and terrorism-risk
A major British container-ship company is talking with potential buyers about a $1 billion-plus deal to be acquired. CP Ships Ltd. has not identified any potential buyers but one analyst, David Newman of Canada’s National Bank Financial, said CP Ships could fetch $15 to $19 a share, or a total of $1
Russian sailors have had a bad weekend on the Neva River in St Petersburg, with two collisions and an accidental blast leaving three ships damaged. First, an oil tanker slammed into a bridge in the former imperial capital, leaving the ship badly damaged and leaking a small amount of diesel.
Paul Cayard, one of America’s most decorated sailors, has agreed to skipper the “Black Pearl,” the Walt Disney Co.-backed syndicate, in the Volvo Ocean Race, set to begin in November. The announcement is scheduled for tomorrow. The 46-year-old San Francisco native has sailed in five America’s Cup ca
A fire in a decommissioned Russian naval submarine, at a recycling facility at the northern Zvyozdochka shipyard, killed at least one person and injured another, an emergency official said on Monday. The injured worker is in a hospital in very serious condition, Zvyozdochka’s chief engineer Viktor F
The bribes started with a lunch. Soon there was an open tab at a local delicatessen. Then came concert and airline tickets. And then it was straight cash. Barbara E. Speller, who had the authority to approve lucrative freight delivery contracts for the Norfolk Naval Shipyard in Portsmouth, admitted
Petersburg authorities closed a shipping lane on a tributary to the river Neva because of severe damage of the Tuchkov Bridge, which was rammed by the Nvesky-22 steamer earlier on Monday. At present, a bypass route was arrange around the area.
GREEN ISLAND, Albany County
Yachting industry operators from OECS member countries get an opportunity this September for unparallel exposure to the European market. The OECS are
John Kostecki grew up in Marin and has many ties to the Bay Area. Kostecki was a key player for BMW Oracle Racing, the San Francisco based challenge to the 2007 America’s Cup, until he was sidelined by a short press release last week. The release said that Kostecki, who was the team’s sailing direct
KITTERY, Maine
Shipyard workers are to get a performance bonus of Lm70 to Lm100 each next month after the company’s financial performance superseded budget targets during the first three months of the year, Malta Shipyards chairman John Cassar White said yesterday.
Three people were killed and 45 were missing after a major fire broke out at one of ONGC
Keppel FELS Limited (Keppel FELS) has secured a contract to build a US$130 million jackup for Gulf Drilling International Ltd. (q.s.c.) (GDI). The jackup, to be named GULF-5, will be delivered by end 2007. This is GDI
