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The Ruias-controlled Essar Shipping and Logistics (ESLL) is among the three bidders for
The 106-year-old shipping major is valued at around $700 million. The companies that have submitted letters of interest for a majority stake in Navibulgar to Cyprus-registered ESLL, Chartworld Shipping Corporation of
The deal, signed between local units of Nexen and Pemex, is the first co-operation agreement signed by a Canadian company, Nexen said. Mexican law prohibits Pemex from sharing the risk of exploration with other foreign or state-owned companies. Pemex is struggling the replace lagging production at its existing offshore production facilities. The state oil company has however signed similar agreements covering scientific and technological co-operation with
BAE Systems has won a $19 million contract from the
The new contract will serve the Navy’s new Virginia-class nuclear-powered fast attack submarines. The company will perform drydocking and pierside work on the ARCO at both Naval Base Point Loma and BAE Systems San Diego Ship Repair. Work on the ARCO includes painting the drydock’s underwater hull, sides and tanks, reinforcing structural bulkheads, replacing and renewing switchboards, and upgrading the automated docking and centering system. All work is scheduled for completion in June 2008. The ARCO measures 492 feet long, 98 feet wide and has a lifting capacity of 7,800 long tons.
Rescuers went to the aid of a leaking tall ship carrying 42 children Friday afternoon about six miles off the coast of
The 130-foot schooner, American Pride, began taking on water sometime around noon. Fire crews and U.S. Coast Guard boats were sent to the scene to assist, and no injuries had been reported. The ship was headed back to
