China-based shipbuilder Yangzijiang Shipping Ltd. said it has secured contracts worth $409.7m to build 13 container vessels for delivery between 2010 and 2011.
It currently has $4.94b worth of contracts on hand, $2.9b dollars of which was secured during the first nine months of the year. Yangzijiang was among the three foreign stocks that were included in the revamped Straits Times Index.
Renaissance's subsidiary Adyard LLC was awarded a $35 million contract by Single Buoy Moorings Inc. for the fabrication of a mobile offshore production unit for Talisman Energy to be located on the YME Field in the Norwegian sector of the
The contract entails the fabrication and load out of the hull, topsides and related works. The process equipment will be fabricated in modules and installed on the hull at the Adyard jetty. Single Buoy Mooring Inc is a market leader in the conversion and operation of FPSO’s worldwide and this award marks the fourth contract Single Buoy Moorings has awarded to Adyard in the past 12 months following the award of two CALM Buoys and PLEMS and five modules for the Frade FPSO for Chevron.
Prime Minister John Howard has announced the government has signed the contract to build two new warships in a deal worth $3.1 billion.
Mr Howard said the government had signed a contract with shipbuilder Tenix to build two large amphibious ships for the Royal Australian Navy. He made the announcement at Tenix's shipyard in Williamstown in
Senegal Prime Minister Cheikh Hadjibou Soumaré, formally handed responsibility for operating and developing Senegal's busiest container terminal to DP World.
A signing ceremony was attended by the chairman of DP World and holding company Dubai World, Sultan Ahmed bin Sulayem. The final agreement follows the announcement of DP World as the successful bidder of the international tender in June. DP World plans to contribute more than 500 million euros through direct investment and participating shareholding by the Port Authority of Dakar.
Mr. S. Hajara, Chairman and Managing Director, SCI has been elected as the new President of Indian National Shipowners Association (INSA) at the 27th Annual General Meeting of the Association held in Mumbai on September 28, 2007.
Mr. Hajara was earlier the Vice President of the Association. Mr. Atul Agarwal, Jt. Managing Director, Mercator Lines has been elected as the new Vice President. Two new faces have also been inducted in the Board, viz. Captain S.S. Tripathi, CMD of Dredging Corporation of
Thousands of walrus have appeared on
Walrus feed on clams, snails and other bottom dwellers. According to the National Snow and
Paragon Shipping Inc. announced it has entered into agreements with unaffiliated third parties to acquire two, 2006-built Panamax drybulk carriers.
The first vessel, to be named "
