Jindal Shipyards, a part of the $8-billion OP Jindal group, is planning to rope in Korean Maritime Consultants (Komac) for setting up the country’s first maritime technology park, expected to draw investment worth $7.2 billion.
Komac is chaired by DC Shin, known as the father of the Korean shipbuilding industry. About $1 billion will be invested in the next three years in this park, to be spread over 700 hectares. The park, to be called
Whitesea Shipping and Supply, a Sharjah-based marine offshore services firm, said it has placed a $120 million order for six new anchor handling tug supply vessels and plans to sell some of its old boats.
Flagship explorer Oil and Natural Gas Corporation (ONGC) is on the lookout for JV with shipping companies to manage offshore support operations as its talks with state-owned SCI has hit choppy waters.
Public Sector Company ONGC has been discussing the formation of a joint venture, proposed to be christened ONShip, with Shipping Corporation of
At present, ONGC, which is
The terminal is planned as the world’s most promising, year-round business and leisure destination that offers the perfect blend of luxury and leisure, shopping and culture in a traditionally rich and hospitable environment. The international bidding process for the $90 million project is to begin by January and work will start by mid May.
Feadship unveiled the newest member of the Feadstream family at the
The all-new concept for the 55-meter F-stream design was also the recipient of some serious enquiries by potential owners, who shared the vision of Studio De Voogt as to the where luxury yachting might be heading. The F-stream synthesizes the very latest developments in hull design, glass construction technology and aesthetics. Its hybrid propulsion package hints at a new age of comfortable power. Two diesel electric cycloidal propulsion-rudder systems offer dynamic positioning, silent cruising and efficient roll damping and – in passive mode – can also serve as rudders. The layout of the F-stream reflects how more and more owners are using yachts in the 21st century.
The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell its 1988 built single hull Aframax tanker “Jag Labh”.
This Japanese built ship of 96,551 dwt was acquired in February 2005. The ship is scheduled for delivery to buyers in Q3 FY 2007-08. The decision to sell this ship is in line with the company’s overall strategy of reducing its presence in the non-double hull tanker fleet. The Company’s current fleet of 48 ships, aggregating 3.51 mn dwt has an average age of 11.8 years and comprises of 15 crude tankers, 19 product carriers, 2 LPG carriers and 12 dry bulk carriers.
ABG Shipyard Ltd has informed that the Company concludes the order for construction of 12 Handysize bulk carriers of 35000 DWT.
With this order, Company's aggregate order book now stands at Rs 7121 Crores. The Company and Vogemann were in negotiations for some time through Ship Broking firm M/s Olivier Felter,
