The president of a shipping company that recently had three crewmembers kidnapped by pirates in the Malacca Strait has said that his firm paid for a negotiator to rescue the three men. Kanji Kondo, president of Kondo Kaiji in Kitakyushu that owns the tugboat Idaten, talked with the Mainichi on Wedne
The Royal Ocean Racing Club (RORC) has decided to cancel this year’s Admiral’s Cup which was due to take place at Cowes from 9-17 July. In order to prevent any further expenditure by teams on anything from shipping costs to new sails, a cut off date of early April had to be made and a […]
On April 2, Marinette Marine Corporation, a subsidiary of The Manitowoc Company, Inc. , successfully launched the Mackinaw, a Great Lakes ice breaker built for the U.S. Coast Guard. The $82.4 million contract was awarded to Manitowoc in October 2001. The launch featured keynote speaker J. Dennis Has
Royal P&O Nedlloyd announces the appointment of Ad Scheepbouwer and Christine Morin-Postel as new Non-Executive Directors, subject to this year’s Annual General Meeting on 12 May 2005. At the same time, in order to achieve the balance of independent directors on the Board, Haddo Meijer will be stand
Maine and New Hampshire have their differences, but on at least one thing there is complete agreement. The Portsmouth Naval Shipyard is an important component in both states. The sword of closure is one thing that will always bring officials and other residents of our two states together.
Plans to dismantle former US naval ships on Teesside are being put to the local community. Hartlepool-based Able UK has submitted planning applications for the development of its Graythorp yard. The Environment Agency and Hartlepool Council are holding three sessions to allow residents to view the p
Hapag-Lloyd AG, a unit of German tourism conglomerate TUI AG , expects a double-digit increase in the transport volume of its container shipping business in 2005, Chief Executive Michael Behrendt said Tuesday. The company recorded transport volume growth of 15% in 2004, while the market increased by
The maritime crisis involving hazardous material dumped off the Northland coast is over. A navy ship has recovered 23 of the estimated 40 packages of potentially lethal chemical used to fumigate ships’ holds and authorities believe the risk from the rest is very low. They may have sunk. The crisis t
Addax Petroleum has announced that it has achieved first oil in the Okwori project, barely eight months after spudding the first well. The company said a statement that production levels are expected to peak at 40,000 barrels per day.
Shares of Malaysia International Shipping Corp Bhd (MISC) surged to a new high yesterday, buoyed by news that the company has secured its second major offshore business contract this year. The news propelled the stock to a high of RM16.70, but weak market sentiment capped much of its early gains as
Royal P&O Nedlloyd NV, Neptune Orient Lines Ltd and 11 other shipping lines plan an additional increase in prices as the cost of transporting containers through the Panama Canal adds to higher costs from fuel and congestion. The 13-line Transpacific Stabilization Agreement is seeking to raise the tr
Sevan Marine has secured an 11-year charter contract for its SSP 300 FPSO, a new-technology floating production and storage platform, from Petrobras. The contract, which can be extended for a further 6 x 1 years plus an additional five years, is valued at approximately USD399m for the initial fixed
Approached by air, French oil giant Total’s Girassol facility 150 km (90 miles) off the Angolan coast looks like a gargantuan child’s construction toy drifting in the cold Atlantic ocean. Visitors touching down on the Floating Production Storage and Offloading (FPSO.L: Quote, Profile, Research) vess
Five years after Humboldt Bay was dredged to handle deep-draft ships, less port traffic passes through the entrance than in the decades before the project. The U.S. Army Corps of Engineers project to deepen the entrance to 48 feet and the shipping channel to 38 feet is no longer accommodating deep-d
