Members of the Senate Armed Services Committee raised concerns Thursday that the Defense Department’s fiscal 2007 budget request does not support a plan to increase the Navy’s fleet from 281 to 313 ships.
South Korea, the world’s fifth- largest oil importer, won control of a Nigerian drilling venture, pledging as much as $6 billion of investments and defeating a bid from India.
British Waterways is investing
Fishermen in Somalia have appealed to the United Nations and the international community to help them rid the country’s southern shores of foreign ships allegedly engaged in illegal fishing.
The fast-attack submarine USS Scranton (SSN 756) successfully demonstrated homing and docking of an Unmanned Undersea Vehicle (UUV) system during at-sea testing in January 2006.
Up to 70 super-sailing yachts will gather in Majorca in June 2007 prior to the America’s Cup to race in the Palma Superyacht Week which, among other events, will now include the New Zealand Millennium Cup
Aker Yards and the Finnish Navy have signed a contract for modernizing two mine layers. The order worth EUR 27.9. million means 200 man years of work for Aker Yards, Rauma where the conversions take place for deliveries in January and August 2007.
Odense Steel Shipyard announces that Managing Director Torben Anker S
Congress sent its first shot across President Bush’s bow Wednesday, as the House Appropriations Committee voted 62-2 to block a controversial deal that would allow Dubai Ports World to operate some terminals at U.S. ports.
Korea
Golden Ocean Group Limited ( “GOGL” ) has agreed to sell their two new building contracts at Shanghai Waigaoqiao Shipyard to CMB’s subsidiary Bocimar International. The ships are sold including the two three year time charter agreements arranged for the ships.
CMB confirms that its subsidiary Bocimar International has acquired three capesize newbuilding vessels for a total purchase price of USD 188 million.
Samsung Heavy Industries Co. yesterday began construction of a $50 million hull block producing unit in China for cost reduction and stable supply as several block suppliers at home have started to make their own ships.
Environmental concerns have delayed work on the deepening of the Port of Melbourne shipping channel until at least the end of 2007, one year after its proposed completion date.
