Shipping giant Maersk Inc., riding a wave of global trade growth, is poised for a local expansion and relocation, targeting the U.S. headquarters building of Royal & SunAlliance USA. Several real estate sources say the 340,000-square-foot Royal building and its lush, 40-acre campus at 9300 Arrowpoin
Daewoo Shipbuilding & Marine Engineering, the second-largest shipbuilder in the world, said Monday that it had received an order valued at 379.3 billion won to build three oil tankers. Each of the three so-called very large crude carriers will cost $124 million, a record price for such vessels, Daew
It should have been the triumphant end to a five-month journey recreating Captain James Cook
As the single-handed BPE Trophee continues, Sam Davies on Skandia slowed up overnight and is back in third position after damaging the asymmetric spinnaker and was forced to slow down due to not having the correct sails set. In the early hours of this morning, just as Sam had settled down to sleep,
The Democratic People’s Republic of Korea (DPRK) sent back a South Korean fisherman Monday afternoon, five days after he crossed the eastern inter-Korean sea border aboard a vessel despite South Korean military fired warning shots to stop him. A DPRK vessel handed over the South Korean fisherman, Hw
Pakistan arrested 36 Indian fishermen and impounded eight boats on Monday for illegally entering its territorial waters in the Arabian Sea, Pakistani maritime authorities said. The fishermen were arrested 34 km inside Pakistani waters during a routine patrol, the Maritime Security Agency said in a s
The nearly 5,000 employees of the Portsmouth Naval Shipyard will find out in four weeks whether the facility will be named to the federal base closure list. Officials at the shipyard said that closing the base would have a tremendous impact on the area. Employee Paul O’Connor said that workers remai
Yachting New Zealand has received record entries for the annual Youth Sail 2005 Regatta which gets underway this Thursday, April 21. Results will determine the selection of the 2005 Yachting New Zealand Youth Team to go to the ISAF World Youth Championships in Korea in July.
The Borneo Cup Yachting Challenge 2005 – the second sailing regatta in the South China Sea once again takes place between Labuan island and Miri, Sarawak’s upcoming resort city. It will kick off from the marina of Labuan Waterfront Hotel tomorrow, after the Labuan Harbour Regatta which is scheduled
New York – A cruise ship struck by a freak seven-storey-high wave that smashed windows and sent furniture flying returned to New York Harbour on Monday and docked at its berth on the Hudson River. The Norwegian Dawn arrived with more than 2 000 passengers still on board after about 300 others decide
Norwegian authorities on Friday ordered the Eirik Raude to remain shut down until the cause of its third spill into ecologically fragile Arctic waters since February has been investigated. The rig, owned by the Ocean Rig group and drilling for the Norwegian oil company Statoil ASA, was voluntarily s
Portsmouth Naval Shipyard in Kittery is the more vulnerable of Maine’s two military bases, according to the consensus of defense experts. It’s the Navy’s lead maintenance shipyard for the Los Angeles class nuclear-powered submarine, a fast and nimble boat that forms the bulk of the Navy’s nuclear-po
Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, won orders valued at $850 million from Germany for 10 container ships.Daewoo Mangalia Heavy Industries SA, the Romanian unit, received orders from Hamburg Sud for six vessels able to carry 5,200 standard 20-foot co
Wang Chaoyong, chairman of China Equity Investment and Xavier de Lesquen, co-founder of Le Defi, a French Sports management company, plan to set up a joint venture that will open the way for China to participate in the America’s Cup for the first time in 2007. The leading Chinese venture capital inv
