A Greek shipowner is about to book jack-up rigs in Singapore shipyard.
Singapore-listed COSCO Corp has won compensation from an Asian owner for a cancelled bulker contract.
Vietnam-based Hyundai-Vinashin Shipyard, which has recently turned into a full shipbuilding specialist from a shiprepair/shipbuilding yard, targets to build 11 newbuildings for this year and 20 units for 2013.
The Swedish tanker operator Stena Bulk’s crude oil tanker Stena Chiron, 72,825 DWT, that was moored at Yokohama when the tsunami hit Japan on Friday last week will arrive to Zhoushan, China, today with a cargo of oil.
Devon Energy Production Co. and Trevor Rees-Jones must pay the Dallas billionaire’s ex-partner $116 million for defrauding him of his true share of a company that Devon later bought for $2 billion, a Houston jury said.
In the morning of 14 March, the EU NAVFOR French frigate F/S NIVÔSE provided assistance to the M/V Jahan Moni after she was released from pirate control.
Israeli naval commandos intercepted and commandeered on Tuesday a cargo vessel en route from Turkey to Egypt that was loaded with weaponry, Israeli officials said.
The Sanko Steamship Co Ltd and Hellespont Group have entered into a joint venture for manning and/or shipmanagement services to Sanko’s and Hellespont’s offshore fleets through their Singapore subsidiaries.
Pacific Basin Shipping Ltd., Hong Kong’s largest operator of dry-bulk vessels, said it expects new deliveries to damp global rates this year after reporting an unexpected decline in annual profit.
Qatar is planning to pump a staggering $170 billion into projects in the next 11 years and nearly $140 billion will be allocated for infrastructure, the Gulf country’s finance minister was quoted on Tuesday as saying.
With the latest disaster in Japan stealing inevitably the spotlight, many have overlooked the last skyrocketing of freight rates for Ice Class Aframax tankers in the Baltic.
The Department of the Interior approved on Friday a second permit to resume deepwater offshore drilling in the wake of the BP Deepwater Horizon oil spill last spring. BHI Billiton, the world’s largest mining company, will recommence drilling operations at their 4,300-foot-deep Shenzi site, about 120 miles off the Louisiana coast, with official approval from the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE).
Keel laying recently took place for a Havyard 843 AHTS being built for Sinopec at the Yuexin Shipyard in China.
GL Noble Denton, one of the leading independent technical advisors to the oil and gas industry, has appointed Mukundray Davé to lead the company's hazard and risk management practice in the Americas.
BHP Billiton is donating $1 million to the Red Cross to assist with disaster relief in the wake of the earthquake and tsunami in Japan, CEO Marius Kloppers announced Tuesday.
Cargotec has announced an order for MacGregor anchor-handling systems for two 12,000 bhp AHTS/oil recovery vessels under construction in China.
Drydocks World LLC, the ship-repair unit owned by state-controlled Dubai World, expects to reach a deal on restructuring $2.2 billion of debt with creditor banks by the end of April, Chairman Khamis Jumaa Buamin said.
In February 2010 Havyard Group signed contract with Sinopec Corp. (China Petroleum & Chemical Corporation) for delivery of Design and Engineering for building of a Havyard 843 Anchor Handling Tug Supply Vessel (AHTS).
A subsidiary of The Great Eastern Shipping Company Limited, Greatship (India) Limited (GIL) has taken delivery of GREATSHIP RASHI, a Platform/ROV Support Vessel, from Colombo Dockyard Plc, Sri Lanka.
Mrs. Francesca Pratt, wife of Christopher Pratt, Chairman of Swire Pacific Limited, was the Lady Sponsor recently at the naming of Pacific Champion, the latest addition to the Swire Pacific Offshore fleet.
At 7:30 am, March 8, 10#16500DWT oil tanker(HULL No. SF050212) was successfully launched into water, which is the last one of eight sister vessels that the shipyard has been building for shipowner Unicorn and is scheduled to be delivered at the end of August of this year.
The US Seventh Fleet said on Monday it had moved its ships and aircraft away from a quake-stricken Japanese nuclear power plant after discovering low-level radioactive contamination.
Five Somali men, convicted of attacking a US Navy ship, have been sentenced to life in prison by a Virginia court.
The expected date of arrival of a vessel suspected to be carrying Kenya military arms was still unknown by Monday.
The rebound that more than doubled commodity freight costs in two weeks is peaking as idled ships haul anchor and compete for cargoes of iron ore and coal.
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