[Read More]
Source: IIFL
Posted on 11/10/2010 / 0
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Nov 10, 2010
SCI to purchase 62 new vessels in 11th Plan
[Read More]
Source: IIFL
One dead as China cargo ship missing off Japan
[Read More]
Source: AFP
Posted on 11/10/2010 / 0
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Oil-polluting ship's captain faces possible 2011 trial
The captain of a cargo ship, the Pacific Adventurer, blamed for one of Queensland's worst oil spills is likely to face trial in the new year.[Read More]
Source: ABC News
Posted on 11/10/2010 / 0
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Clarksons confident of continued progress
Clarksons, the world’s leading integrated shipping services group, yesterday announces its Interim Management Statement published in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1 July 2010 to 9 November 2010 Trading
The trading performance outlined at the time of the Group’s interim results in August has been maintained during the period. The strength of Clarksons’ global offer and breadth of our operations across shipping and its related markets has positioned us well, and trading since the start of the second half has continued in line with the Board’s expectations.
Broking
There has been a softening in some freight rates since the half year end and as previously highlighted, a sustained shift from time charter to spot market business, reflecting the disconnect between current rates and expectations for the speed and sustainability of the global recovery.
Levels of new business written by our expert teams and market share have increased across nearly all of our broking divisions. 2010 has seen particularly strong performances from our Dry Bulk, Offshore and Sale and Purchase businesses.
Financial
During the period Clarkson Investment Services has started to produce revenues, including one completed project advising on a $105 million investment into a Middle East oilfield services business. The team continues to secure and work on a number of mandates.
Support
Port and agency has performed well over the period and continues to trade at record levels. Logistics is one of the Group’s non-core activities and during the period we were pleased to complete the sale of MT Hermien to Panre Agility Corporation for a total cash consideration of $7.3m. In line with the previously outlined strategy, this sale represents the final stage in the exit of Clarksons from ship-owning activities.
Research
Clarksons’ market leading research continued to show growth during the period. Shipping Intelligence Network, our flagship database which recently celebrated its 10th anniversary with a complete re-launch, has continued its consistent growth, reinforcing the essential position that research plays within Clarksons’ offering.
Outlook
This performance is testament to the strength of Clarksons’ market leading teams and the breadth of our truly global operations, and continues on from our first half results. Whilst the ongoing prevalence of spot broking continues to be indicative of market volatility and there remains uncertainty over the strength of the dollar, the Board is confident that the Group will show continued progress for the remainder of the year.
Source: Clarksons
The trading performance outlined at the time of the Group’s interim results in August has been maintained during the period. The strength of Clarksons’ global offer and breadth of our operations across shipping and its related markets has positioned us well, and trading since the start of the second half has continued in line with the Board’s expectations.
Broking
There has been a softening in some freight rates since the half year end and as previously highlighted, a sustained shift from time charter to spot market business, reflecting the disconnect between current rates and expectations for the speed and sustainability of the global recovery.
Levels of new business written by our expert teams and market share have increased across nearly all of our broking divisions. 2010 has seen particularly strong performances from our Dry Bulk, Offshore and Sale and Purchase businesses.
Financial
During the period Clarkson Investment Services has started to produce revenues, including one completed project advising on a $105 million investment into a Middle East oilfield services business. The team continues to secure and work on a number of mandates.
Support
Port and agency has performed well over the period and continues to trade at record levels. Logistics is one of the Group’s non-core activities and during the period we were pleased to complete the sale of MT Hermien to Panre Agility Corporation for a total cash consideration of $7.3m. In line with the previously outlined strategy, this sale represents the final stage in the exit of Clarksons from ship-owning activities.
Research
Clarksons’ market leading research continued to show growth during the period. Shipping Intelligence Network, our flagship database which recently celebrated its 10th anniversary with a complete re-launch, has continued its consistent growth, reinforcing the essential position that research plays within Clarksons’ offering.
Outlook
This performance is testament to the strength of Clarksons’ market leading teams and the breadth of our truly global operations, and continues on from our first half results. Whilst the ongoing prevalence of spot broking continues to be indicative of market volatility and there remains uncertainty over the strength of the dollar, the Board is confident that the Group will show continued progress for the remainder of the year.
Source: Clarksons
Posted on 11/10/2010 / 0
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Newbuilding ordering, second ships purchasing begin to cool off
As we slowly approach towards the end of the year, ship owners in both the dry and wet parts of the shipping industry begin to slowdown the rate of their investments in terms of fleet growth. After a year of pretty healthy levels of investment activity, it’s pretty clear to everyone that low prices and opportunities were the driving factors of this development, which to many people, even from within the shipowners’ community appears as “crazy”, given the huge orderbook in most ship segments, both in the dry bulk and the tanker sectors. In fact, some go even further to state that if this year’s orders are all materialized, shipping could very well face yet another crisis in the following years.
[Read More]
Source: Hellenic Shipping News
[Read More]
Source: Hellenic Shipping News
Posted on 11/10/2010 / 0
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India opens Naval Shipbuilding to private players
The private shipyards will now get a fighting chance to bag Naval warships. Indian Defence Minister AK Antony has cautioning the PSUs to prepare for “more competition” from the private Indian entities. Under its new policies, the Ministry will stop nominating government-owned companies in the Naval contracts.He was speaking during a function to present Raksha Mantri’s Awards for Excellence for the Year 2008-09 to Ordinance Factories (OFs) and Defence Public Sector Undertakings (DPSUs).
[Read More]
Source: Frontier India
[Read More]
Source: Frontier India
Posted on 11/10/2010 / 0
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Statoil Halts Drilling at Gullfaks Field to Review Procedures
The company will review its routines for planning and carrying out drilling operations and a controlled shutdown of both drilling and well operations is taking place at the field, the Stavanger-based company said in a statement on its website today.
[Read more]
Source: Bloomberg
Posted on 11/10/2010 / 0
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PetroChina, Shell ink joint projects
PetroChina Co and Royal Dutch Shell have agreed to jointly work on an oil and gas project in Canada and a coalbed methane block in north China, the Chinese company said on Wednesday.
The two oil giants signed a Memorandum of Understanding for the project in Canada. The two companies also signed an agreement to jointly evaluate coalbed methane reserves in the Daning block of Erdos Basin in north China, PetroChina said on its website.
Both PetroChina and Shell declined to give further details on the agreements on Wednesday.
[Read more]
Source: People's Daily Online
The two oil giants signed a Memorandum of Understanding for the project in Canada. The two companies also signed an agreement to jointly evaluate coalbed methane reserves in the Daning block of Erdos Basin in north China, PetroChina said on its website.
Both PetroChina and Shell declined to give further details on the agreements on Wednesday.
[Read more]
Source: People's Daily Online
Posted on 11/10/2010 / 0
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JAPAN'S IHI TO EXPORT SHIPBUILDING TECH TO EMERGING MARKETS
IHI Corp. (TSE:7013) has developed a system that automates the key process of bending steel sheets for ships and plans to market it to emerging economies.
Developed by shipbuilding subsidiary IHI Marine United Inc., the system handles the entire process, from transporting steel sheets to processing, just by entering data.
To date, IHI has relied on skilled workers to bend steel sheets into the desired shape by repeatedly applying a burner for heating and water for cooling. But acquiring such know-how can take at least 10 years.
With robot technology, steel sheets can be made into complicated configurations, such as an "S" shape. The system fully automates the process, including slight touch-ups after steel sheets have been bent.
The basic system costs around 300 million yen (US$3.6 million), plus an annual usage fee of 10-20 million yen. But it will help the average shipyard cut costs by as much as 30 million yen a year, according to IHI.
The technology will be gradually introduced at group shipyards and parts factories, with external sales to kick off as early as fiscal 2011. In Brazil, India and elsewhere, a host of companies aim to break into shipbuilding but face the obstacle of training highly skilled employees. And after laying off workers during the recent downturn, domestic shipbuilders are dealing with a serious shortage of craftspeople, providing an opening for IHI's automated system.
Japanese shipbuilders are losing orders to Chinese and South Korean rivals, but taking production offshore requires hefty investments. The downturn in orders is likely to scuttle sales at IHI's shipbuilding business to around 150 billion yen in fiscal 2012, down from the expected 180 billion yen for this fiscal year.
Source: Press Release
Developed by shipbuilding subsidiary IHI Marine United Inc., the system handles the entire process, from transporting steel sheets to processing, just by entering data.
To date, IHI has relied on skilled workers to bend steel sheets into the desired shape by repeatedly applying a burner for heating and water for cooling. But acquiring such know-how can take at least 10 years.
With robot technology, steel sheets can be made into complicated configurations, such as an "S" shape. The system fully automates the process, including slight touch-ups after steel sheets have been bent.
The basic system costs around 300 million yen (US$3.6 million), plus an annual usage fee of 10-20 million yen. But it will help the average shipyard cut costs by as much as 30 million yen a year, according to IHI.
The technology will be gradually introduced at group shipyards and parts factories, with external sales to kick off as early as fiscal 2011. In Brazil, India and elsewhere, a host of companies aim to break into shipbuilding but face the obstacle of training highly skilled employees. And after laying off workers during the recent downturn, domestic shipbuilders are dealing with a serious shortage of craftspeople, providing an opening for IHI's automated system.
Japanese shipbuilders are losing orders to Chinese and South Korean rivals, but taking production offshore requires hefty investments. The downturn in orders is likely to scuttle sales at IHI's shipbuilding business to around 150 billion yen in fiscal 2012, down from the expected 180 billion yen for this fiscal year.
Source: Press Release
Posted on 11/10/2010 / 0
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AusTex Oil Limited To Seek Toronto Stock Exchange Listing
AusTex Oil Limited, is pleased to announce that it is seeking a dual listing on the Toronto Stock Exchange (TSX) during the first half of 2011.The Directors believe a dual listing on the TSX is an important step to raise the profile of the Company while being accessible to the larger North American oil and gas investment community.
Source: ABN Newswire
Posted on 11/10/2010 / 0
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China's energy demand to leap 75%
CHINA will drive a surge in world energy demand over the next quarter century, as straining supply enhances OPEC's oil market share and growing coal use undermines efforts to contain global warming.
In its annual world energy outlook, the International Energy Agency forecasts Chinese demand will jump by 75 per cent, accounting for more than a third of the rise in energy use that will lift global consumption to 16.7 billion tonnes of oil by 2035.
[Read more]
Source: The Sydney Morning Herald
In its annual world energy outlook, the International Energy Agency forecasts Chinese demand will jump by 75 per cent, accounting for more than a third of the rise in energy use that will lift global consumption to 16.7 billion tonnes of oil by 2035.
[Read more]
Source: The Sydney Morning Herald
Posted on 11/10/2010 / 0
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Somalia Piracy Report November 10
[Read More]
Source: Australia.to News
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Samsung Heavy Wins First Drill-Ship Order in 2 Years
The $1.08 billion contract from Seadrill Ltd. covers two vessels and includes options for two more, Seoul-based Samsung Heavy said today in an e-mailed statement. The ships, which will be deployed in the Gulf of Mexico and West Africa, will be delivered by May 2013, it said.
[Read more]
Source: Bloomberg
Posted on 11/10/2010 / 0
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Buccaneer Energy Limited Provide Resources Estimation For the North West Cook Inlet Project in Alaska
Buccaneer Energy Limited is pleased to provide the following resources estimation for the North West Cook Inlet project located in the Cook Inlet, Alaska and completed by Netherland, Sewell & Associates, Inc.[Read more]
Source: ABN Newswire
Posted on 11/10/2010 / 0
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Total To Sell Exploration And Production Interest In Cameroon To Perenco
French oil major Total S.A. Wednesday said it has finalized an agreement in principle with Perenco, to sell its 75.8% equity in its upstream affiliate Total E&P Cameroun, a Cameroonian company which other shareholders include the national oil company - Société Nationale des Hydrocarbures - 20% and Paris Orléans - Groupe Rotchshild. The agreement is subject to the Cameroonian Authorities' approval.
[Read more]
Source: RTT News
[Read more]
Source: RTT News
Posted on 11/10/2010 / 0
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Construction of Sapmer purse seiner completed
[Read More]
Source: FIS
Posted on 11/10/2010 / 0
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Gazprom: Korean Market to Rival France
"Europe will undoubtedly remain a priority market for Gazprom. It was the No. 1 market and will remain the No. 1 market for years,” he said. “But the volume of Russian gas supplies to the Asian market may reach the volume of gas supplies to Europe in a very short period of time."
[Read more]
Source: The Moscow Times
Posted on 11/10/2010 / 0
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See 30% revenue growth in next 3-4 years: ABG Shipyard
D Datar, CFO of ABG Shipyard, in an exclusive interview with CNBC-TV18’s Udayan Mukherjee said the company’s current order book stood at around Rs 14,400 crore and that the order book was full for the next four years. He said the shipping major had better execution skills due to its new shipyard at Dahej. Datar expects the company's revenues to grow by 30% in the next 3-4 years.
[Read More]
Source: Moneycontrol.com
[Read More]
Source: Moneycontrol.com
Posted on 11/10/2010 / 0
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Japanese shipbuilder to deliver 20 more merchant ships to clients until 2013
Shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. has booked orders for about 20 vessels until 2013.
Tsuneishi President Shinji Watadani said the firm would be building merchant ships with deadweight tonnage of up to 180,000.
[Read More]
Source: BusinessWorld Online
Tsuneishi President Shinji Watadani said the firm would be building merchant ships with deadweight tonnage of up to 180,000.
[Read More]
Source: BusinessWorld Online
Posted on 11/10/2010 / 0
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AP aims to clinch 2nd shipyard
HYDERABAD: Chief minister K Rosaiah on Wednesday said he would write to the shipping ministry expressing the government's desire to welcome a second major port and shipyard in the state.
[Read More]
Source: The Times of India
[Read More]
Source: The Times of India
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A.P. Moller-Maersk Forecasts $5 Billion 2010 Profit
A.P. Moller-Maersk issued the strongest sign yet of a turnaround in the shipping industry on Wednesday, forecasting it expects to turn a record profit of around $5 billion this year on surging ocean container volume and freight rates.
[Read more]
Source: The Journal Of Commerce
Posted on 11/10/2010 / 0
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“Shipbuilding is my calling in life”
[Read More]
Source: Asiasis
Posted on 11/10/2010 / 0
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Gastar acquires right to drill on 59,000 acres in West Virginia for natural gas production
The land is located in Preston, Tucker and Pendleton counties near the state's eastern border. It's located in the Marcellus Shale, an area in the Appalachian Basin that contains large natural gas reserves.
[Read more]
Source: Canadian Business
Posted on 11/10/2010 / 0
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Russia May Raise Oil Export Duty 4.7% in December on Urals Price
The standard tax rate will probably be in a range of $302.30 a metric ton to $304.40 a ton ($41.53 a barrel) from $290.60 a ton in November, according to Bloomberg calculations based on Finance Ministry data. The discounted rate on oil pumped via Russia’s East Siberian-Pacific Ocean pipeline to Asia may reach $106.90 a ton to $108.40 a ton from $98.80 a ton. Oil exports from the Russian sector of the Caspian Sea will get a discounted rate when legislation takes effect.
[Read more]
Source: Bloomberg
Posted on 11/10/2010 / 0
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Young engineers onboard Queen Mary 2 in Southampton
 |
| The students discovered more about the ship's propellers |
The chief designer of the Queen Mary 2 has been passing on his expertise to what he hopes is a new generation of naval engineers.
[Read More]
Source: BBC
Posted on 11/10/2010 / 0
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Norway oil output falls faster than expected-Petoro
"Output is falling faster than expected," Petoro CEO Kjell Pedersen said in a statement as the company published its third-quarter results.
[Read more]
Source: Reuters
Posted on 11/10/2010 / 0
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Mitsui Engineering-Shipbuilding logs first orders for hybrid container cranes
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| Container cranes at the Port of Seattle |
Container cranes, like the massive units pictured above, transfer cargo from ships to the docks. The sheer size of such units, at least when viewed in person, negates any thought that one of these behemoths could accomplish such heavy-lifting tasks with power supplied by a lithium-ion battery pack.
[Read More]
Source: Autoblog
Posted on 11/10/2010 / 0
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Europe's Natural-Gas Oversupply Will Last a Decade, E.ON Ruhrgas CEO Says
Europe’s natural-gas oversupply will remain for the next decade, E.ON Ruhrgas AG’s chief executive officer said today in Berlin.“The gas glut will remain for the next decade,” Klaus Schaefer, the head of E.ON AG’s natural-gas unit, said at the European Autumn Gas Conference. “A return to the equilibrium is still some way out.”
[Read more]Source: Bloomberg
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Connacher posts surprise Q3 profit
The company set a capital budget of about C$104 million for 2011 for the development of its refinery in Montana and its oil sands exploration program.
[Read more]
Source: Reuters
Posted on 11/10/2010 / 0
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Halliburton plans big capex increase in 2011
Halliburton Co, the world's second-largest oilfield services company, plans to increase capital spending next year by about a fifth at least, as it targets new opportunities outside its core U.S. market.
Chief Financial Officer Mark McCollum credits Halliburton's steady investment through the 2009 downturn as one reason for its recent outperformance over rivals, and said he expects 2011 capital expenditure of between $2.5 billion and $3 billion.
[Read more]
Source: Reuters
Chief Financial Officer Mark McCollum credits Halliburton's steady investment through the 2009 downturn as one reason for its recent outperformance over rivals, and said he expects 2011 capital expenditure of between $2.5 billion and $3 billion.
[Read more]
Source: Reuters
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Apache Completes Merger With Mariner Energy
Apache Corporation today announced that it has completed its merger with Mariner Energy.
The merger closed today following its approval by Mariner's stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million in cash to Mariner stockholders. Apache also assumed Mariner's debt with current fair value of approximately $1.6 billion. As a result of the merger, former Mariner stockholders own approximately 5 percent of Apache's outstanding shares of common stock.
[Read more]
Source: PR Newswire
The merger closed today following its approval by Mariner's stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million in cash to Mariner stockholders. Apache also assumed Mariner's debt with current fair value of approximately $1.6 billion. As a result of the merger, former Mariner stockholders own approximately 5 percent of Apache's outstanding shares of common stock.
[Read more]
Source: PR Newswire
Posted on 11/10/2010 / 0
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GE Plans to Spend $500 Million on Brazil Expansion
General Electric Co. will spend $500 million to expand energy, transportation and health-care manufacturing in Brazil while adding its fifth global research center as Chief Executive Officer Jeffrey Immelt takes advantage of faster growth in emerging markets.
GE will spend $400 million in the next three years on development of wind turbines and related products, and building and expanding plant capacity for its oil and gas, health care, aviation and lighting businesses, the company said in a statement. The $100 million research center will be in Rio de Janeiro.
[Read more]
Source: Bloomberg
GE will spend $400 million in the next three years on development of wind turbines and related products, and building and expanding plant capacity for its oil and gas, health care, aviation and lighting businesses, the company said in a statement. The $100 million research center will be in Rio de Janeiro.
[Read more]
Source: Bloomberg
Posted on 11/10/2010 / 0
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Saudi Aramco extends bids for Shaybah NGL project
Saudi Aramco has agreed to extend the bidding closing date for the construction of the Shaybah natural gas liquids (NGL) project, industry sources said on Wednesday.
Shaybah NGL is one of two new gas projects the state oil giant plans to develop to boost gas output and meet rising domestic demand.
Aramco completed last year a massive crude oil expansion programme which included increasing capacity at Shaybah oilfield to 750,000 barrels per day (bpd).
[Read more]
Source: Kippreport
Shaybah NGL is one of two new gas projects the state oil giant plans to develop to boost gas output and meet rising domestic demand.
Aramco completed last year a massive crude oil expansion programme which included increasing capacity at Shaybah oilfield to 750,000 barrels per day (bpd).
[Read more]
Source: Kippreport
Posted on 11/10/2010 / 0
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Box ship aids cruise vessel
[Read More]
Source: Safety at Sea
Posted on 11/10/2010 / 0
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India to sign wreck removal convention
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Source: Seatrade Asia Online
Posted on 11/10/2010 / 0
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China Merchants invests in African shipping
The China Merchants Holdings International Co will form a joint venture to take a 47.5 percent stake in a Nigerian container-terminal operator from ZIM Integrated Shipping Services Ltd, for $154 million.
[Read More]
Source: China Daily
[Read More]
Source: China Daily
Posted on 11/10/2010 / 0
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JES International targets offshore with new yard
Singapore: Chinese shipbuilder JES International is the latest to target the offshore industry as its new yard comes onstream.
[Read More]
Source: Seatrade Asia Online
[Read More]
Source: Seatrade Asia Online
Posted on 11/10/2010 / 0
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Pirates Attack EU NAVFOR Warship
[Read More]
Source: Maritime Today
Posted on 11/10/2010 / 0
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STEALTHGAS CONFIRMS LIFE SAVING RESCUE OPERATION AMID NEW CHARTER DEALS
[Read More]
Source: Ship Management International
Posted on 11/10/2010 / 0
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Keel laying of the first Bore-twin in Flensburg
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Source: Shipgaz
Posted on 11/10/2010 / 0
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Engine room fire ends Carnival Splendor voyage
This morning, tugs were heading to tow one of the world's largest cruise ships, the 113,323 gt Carnival Splendor, to Ensenada, Mexico. The tugs are expected to reach the ship around midday local time today.
[Read More]
Source: MarineLog
[Read More]
Source: MarineLog
Posted on 11/10/2010 / 0
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International Power Win Tidal Project
A venture owned by Morgan Stanley, International Power Plc and Atlantis Resources Corp. won a contract to develop a tidal power project in U.K. waters off northern Scotland.
The Crown Estate, which owns the seabed in British waters, awarded the contract to MeyGen, a group that includes the three companies, according to a statement released in London today. The site is at the Inner Sound in the Pentland Firth.
[Read More]
Source: Bloomberg
The Crown Estate, which owns the seabed in British waters, awarded the contract to MeyGen, a group that includes the three companies, according to a statement released in London today. The site is at the Inner Sound in the Pentland Firth.
[Read More]
Source: Bloomberg
Posted on 11/10/2010 / 0
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SAL: Encourage competition among stevedores
[Read More]
Source: Seatrade Asia Online
Posted on 11/10/2010 / 0
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Chinese prices pushing out Korean shipyards
[Read More]
Source: Seatrade Asia Online
Posted on 11/10/2010 / 0
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Nordic Yards builds ice-tanker for Norilsk Nickel
Keel-laying of the Nordic AT 19 class ice-breaking tanker was held at Nordic Yards (Wismar, Germany) on November 1, 2010. The tanker was ordered by the Russian mining company Norilsk Nickel, the shipbuilding company said. As Nordic Yards owner and managing director Vitaly Yusufov said speaking at the keel-laying ceremony, he sees the demand for icebreaking ships to increase in connection with the development of the Arctic.
[Read More]
Source: Portnews
[Read More]
Source: Portnews
Posted on 11/10/2010 / 0
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China COSCO chairman sees shipping recovery by 2015
The shipping industry was seen returning to pre-crisis levels with the help of soaring consumer consumption in the world's No. 2 economy, said Wei Jiafu, head of China COSCO (1919.HK: Quote) (601919.SS: Quote), the world's largest dry bulk firm.
[Read More]
Source: Reuters
Posted on 11/10/2010 / 0
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RINA: Hellenic Technical Committee discusses shipbuilding activities in Far East
[Read More]
Source: Hellenic Shipping News
Posted on 11/10/2010 / 0
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DVB Bank: Bearish sentiment predicted for Aframax tanker market in 2011
Oversupply issues, coupled with moderate oil demand growth, competition from VLCCs and Suezmaxes, as well as low scrapping activity appear to be hindering the future prospects of the Aframax tanker market, according to a recent research report issued by German bank DVB Bank. As the report states although 2009 was the worst year for the Aframax market in over a decade, the market fundamentals indicate that the worst is yet to come.
[Read More]
Source: Hellenic Shipping News
[Read More]
Source: Hellenic Shipping News
Posted on 11/10/2010 / 0
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Evergreen set to order 8,000TEUs soon
[Read More]
Source: Asiasis
Posted on 11/10/2010 / 0
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Korean yards to book high Q4 results
The pickup in business results caused by an improvement of the market situation has brought about the inflow of funds from foreign institutional investors.
[Read More]
Source: Asiasis
Posted on 11/10/2010 / 0
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Philippines' largest ship set for launch
MANILA, Philippines - A Japanese-Filipino joint venture said Tuesday it has built the biggest sea vessel that will have ever sailed from a Philippine port.
The 287-meter (950-foot), 180,000-ton bulk carrier Tenshu Maru is set to sail from the shipyard in the central port of Cebu on Wednesday, Tsuneishi Heavy Industries said.
[Read More]
Source: ABS CBN News
The 287-meter (950-foot), 180,000-ton bulk carrier Tenshu Maru is set to sail from the shipyard in the central port of Cebu on Wednesday, Tsuneishi Heavy Industries said.
[Read More]
Source: ABS CBN News
Posted on 11/10/2010 / 0
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PPP outlines challenges in oil exploration
Pan Pacific Petroleum (PPP), which sank five unsuccessful exploration wells last year, said it is continuing to study drilling opportunities in the Tui oilfield area.
The company undertook an exploration programme to the south and east of the producing Tui field in Taranaki but did not find commercial levels of hydro-carbons.
[Read more]
Source: Guide2
The company undertook an exploration programme to the south and east of the producing Tui field in Taranaki but did not find commercial levels of hydro-carbons.
[Read more]
Source: Guide2
Posted on 11/10/2010 / 0
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Viet Nam delivers fishing vessel to French buyer
The wholly foreign-invested South-East Asia Shipyard Co Ltd (SEAS) handed over a fishing boat named Bernica to a French customer late last week.
The US$118.2 million vessel is capable of holding 1,000 tonnes of fish.The customer praised the high standard of Vietnamese shipbuilders' work and the project's low-cost.
[Read More]
Source: Vietnam News
The US$118.2 million vessel is capable of holding 1,000 tonnes of fish.The customer praised the high standard of Vietnamese shipbuilders' work and the project's low-cost.
[Read More]
Source: Vietnam News
Posted on 11/10/2010 / 0
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Pacific Fleet flagship Varyag arrives in S Korea Incheon on visit
Flagship of Russia’s Pacific Fleet - the Guards missile cruiser Varyag arrived in South Korea’s Incheon port on Tuesday. Its call at Incheon is timed to coincide with RF President Dmitry Medvedev’s visit to South Korea that is to begin on November 10.
[Read More]
Source: Itar Tass
[Read More]
Source: Itar Tass
Posted on 11/10/2010 / 0
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Low-friction coating on new MOL PCTC
[Read More]
Source: Motorship
Posted on 11/10/2010 / 0
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Tullow says Uganda plan to hinge on Heritage deal
Explorer Tullow Oil said a plan for a speedy resolution of a stand-off with the Uganda government on a planned sale of interests to France's Total and China's CNOOC looked unlikely.
Tullow said the Uganda government had stated it would only approve the planned sale after it had settled a separate dispute with Tullow's former partner, Heritage Oil, about whether tax was due on the sale of Heritage's assets to Tullow.
[Read more]
Source: Reuters
Tullow said the Uganda government had stated it would only approve the planned sale after it had settled a separate dispute with Tullow's former partner, Heritage Oil, about whether tax was due on the sale of Heritage's assets to Tullow.
[Read more]
Source: Reuters
Posted on 11/10/2010 / 0
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World’s major shipping firms look to expand fleets
Hanjin Shipping Co, South Korea’s largest shipping line, and China Shipping (Group) Co (中國海運集團) said they were close to ordering new vessels as world trade rebounds from the global recession.
Hanjin may announce a deal for mid-sized container ships by as early as year-end, chief executive Kim Young-min told a conference in Guangzhou, China, yesterday.
[Read More]
Source: Steel Guru
Hanjin may announce a deal for mid-sized container ships by as early as year-end, chief executive Kim Young-min told a conference in Guangzhou, China, yesterday.
[Read More]
Source: Steel Guru
Posted on 11/10/2010 / 0
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Managers of HHI POSCO and Hyundai Motor the oldest - Study
Despite Korea Inc’s efforts to embody more youthful management, the average age of executives at three of the top listed companies in Korea is still over 51 years old.
According to a survey by website Chaebul.com, executives at Hyundai Motor, Hyundai Heavy Industries and POSCO were found to be older, on average, than their counterparts at Samsung, SK and LG.
[Read More]
Source: Steel Guru
According to a survey by website Chaebul.com, executives at Hyundai Motor, Hyundai Heavy Industries and POSCO were found to be older, on average, than their counterparts at Samsung, SK and LG.
[Read More]
Source: Steel Guru
Posted on 11/10/2010 / 0
comments / Read More
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