North Korea Ship with 13,000 tonnes of rice sinks

At a time when Bangladesh is facing foodgrain shortage, a ship loaded with 13,000 tonnes of rice sank at the outer anchorage of Chittagong Port on Wednesday night after it collided with another ship. [Read More] Source: Gulf Ti...

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China's first aircraft carrier to be completed soon: reports

Taipei, April 6 (CNA) China is set to launch its first aircraft carrier on its maiden voyage soon, according to Beijing media reports. Reconstruction of the carrier, which was bought from Ukraine in 1992 after the collapse of the Soviet Union, is nearing completion,...

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ShipConstructor 2011 R2 Released

The latest release of ShipConstructor CAD/CAM software offers performance enhancements and new tools to speed up the ship design and construction process.ShipConstructor Software Inc. is promoting the ShipConstructor 2011 R2 release of its AutoCAD based program...

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STX OSV Secures Contracts for a Series of Three Multi Role Vessels

STX OSV Holdings Limited(" STX OSV ”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of a series of three Multi Role Vessels (MRV)...

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Hyperdynamics selects drill ship for offshore Guinea exploration project

Hyperdynamics Corp has announced that AGR Peak Well Management has signed a letter of intent on behalf of Hyperdynamics with Jasper Drilling of Singapore to contract the drill ship Jasper Explorer for exploration drilling in Hyperdynamics' concession offshore...

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Zodiac liferaft business to be sold to Survitec

Survitec Group Limited, one of the global leaders in safety and survival equipment, has announced its plans to acquire the Zodiac commercial SOLAS (Safety of Life at Sea) liferaft business. This would further enhance Survitec’s plans for global expansion in the marine industry. Founded in 1898, Zodiac...

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Rolls-Royce to develop largest ship lift in Asia

Rolls-Royce is planning to develop the largest ship lift in Asia at its new repair yard near Hai Phong, Vietnam, it unveiled Thursday. This follows a decision to extend the Syncrolift ship currently being installed, which will be capable of docking Panamax size...

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Somali man sentenced to 25 years for 2008 hijacking

Jama Idle Ibrahim, a/k/a Jaamac Ciidle, was sentenced today to 25 years in prison for a violent act of piracy in the Gulf of Aden against a merchant vessel, the M/V CEC Future, that began in November 2008 and lasted for 71 days, until January 16, 2009. [Read More] Source:...

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Three hurt loading ferry onto freight ship

Three men have been taken to hospital following an incident at Galway Docks this morning. They were involved in the loading of a passenger ferry, Clann Na nOilean, onto a large ocean-going freight carrier in the harbour. [Read More] Source: ...

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Indian ship owners demand Armed Guards on ships

With pirates attacking with impunity and greater frequency Indian ship owners ask government to permit armed guards on board [Read More] Source: Maritime Prefessio...

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Oil tanker layups to rise on tight freight market

A flood of new tankers this year will exacerbate the freight market's oversupply problem and force more shipowners to lay up their vessels, a former BP (BP.L: Quote) shipping unit said on Tuesday. [Read More] Source: Reut...

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No more than 14 single-hull VLCC tankers left in the world’s fleet says shipbroker

It seems that the end of the single-hull tanker era is upon us, with 2011 thought to be the last year of trading for the former crude carrying giants. After their official phase-out process undertaken during 2010, shipbroker CR Weber estimated that no more than...

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Det Norske Sells stake in Garantiana

Det norske has sold a 20 percent interest in production licenses 554 and 554B to Svenska Petroleum Exploration, reducing its interest from 40 to 20 percent. As consideration, Svenska Petroleum Exploration will carry part of the expenses related to the first exploration...

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Consent to carry out manned unerwater operations at Volund and Alvheim in 2011

Marathon Petroleum Norge AS (Marathon) has received consent to carry out manned underwater operations (MUO) at the Volund and Alvheim fields in 2011.Alvheim Alvheim is an oil and gas field in the northern part of the North Sea, near the UK shelf border. The field...

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OPIRE Announces Acquision of Interest in the East Pande Block Tanzania

Ophir Energy plc (Ophir) is pleased to announce that a subsidiary has entered into agreement with Ras Al Khaimah Gas Tanzania Ltd (RAKGas) to acquire a 70% interest and Operatorship of a Production Sharing Agreement (PSA) over an area designated as the East Pande...

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TOTAL: CONSENT TO CONDUCT EXPLORATION DRILLING IN BLOCK 7225/3

Total E&P Norge AS has received consent to conduct exploration drilling of well 7225/3-1 in the Barents Sea with the West Phoenix mobile facility. The well will be drilled in production licence 535, with Total E&P Norge AS (40%) as the operator. The other...

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Maersk Oil taps into biotechnology for increased oil recovery

Maersk Oil has entered a collaborative 4-year research project that aims to increase oil recovery and prolong operations in the Danish North Sea by using biotechnology to create efficient, viable and environmentally safe solutions to the challenges of maturing...

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Subsea 7 awarded $1 billion contract for deepwater development offshore Brazil

Operator of BM-S-9 and BM-S-11 Consortia to Subsea 7 Inc., a wholly owned subsidiary of Subsea 7 S.A., of approximately $1 billion for the development of the Pre-Salt deepwater Guará and Lula NE Areas located in the  Santos Basin, offshore Brazil, in water...

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Statoil awards three-year framework agreement to Wood Group

Wood Group has been awarded a three-year framework contract by Statoil to deliver multi-discipline engineering studies for their onshore and offshore facilities worldwide. The contract also includes two, two-year extension options. Studies under the agreement...

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Danaos Corporation Adds Largest Vessels Using New Facility

Danaos Corporation (NYSE: DAC) a leading international owner of containerships, announced that on March 10, 2011 and April 6, 2011, it took delivery of two newly built containerships, the Hanjin Germany and the Hanjin Italy, expanding its operational fleet to a total of 53 containerships aggregating...

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Boustead Heavy aims to double order book

Boustead Heavy Industries Corp Bhd (BHIC) (8133) is looking to double its order book from the RM1.2 billion jobs secured last year, driven mainly by defence projects from the government. BHIC managing director Tan Sri Ahmad Ramli Mohd Nor said the target is "conservative"...

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COSCO: 57,000DWT Bulk Carrier reaches launching stage

On March 16, the launch of the 57,000DWT Bulk Carrier (N233), being built for the Hua Yuan Xing Shipping, was completed smoothly following its transfer onto the floating dock "Cuihuashan" in COSCO Guangdong Shipyard. The yard had organized various departments,...

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Strategic Cooperation between COSCO Shipyard and Valin Xiangtan Steel

COSCO Shipyard Group signed a strategic cooperation agreement with Hunan Valin Xiangtan Iron & Steel Co., Ltd on March 12. Mr. Lin Hua, General Manager of Material Management Center ofCOSCO Shipyard...

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World's biggest ships assigned to Far East-Europe AEX 7/FAL 2

THE world's biggest ships will soon join CSCL, Evergreen, CMA CGM and UASC's Far East to north Europe AEX 7/FAL 2/AEC 8 services with ships between 10,000 to 14,000 TEU, increasing the strings capacity 30 per cent, reports Alphaliner. [Read More] Source: Sea ...

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Maersk Line with new type of container carriers

A. P. Møller-Mærsk is about to take delivery of the first container carrier in a series of 22 so-called Wafmax type. Wafmax is short form for West Africa Max, which is a new type designed to be the maximum size for ports in West Africa. [Read More] Source: Sea...

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