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,
Northrop Grumman Systems Corp. is being awarded a $15.4m cost-plus-award-fee modification under previously awarded contract to exercise an option to provide integration services for mission packages that will deploy from and integrate with the Littoral Combat Ship (LCS).
The contract comes from The Naval Sea Systems Command. This modification supports the Littoral Combat Ship, Mission Module Program Office, Program Executive Office, Littoral and Mine Warfare. LCS Mission Packages will be optimized for flexibility in the littorals. Work will be performed in
Shipping Corporation of India Ltd (SCI) has placed orders for ten new ships aggregating $600 million, a top company official said.
The company has placed further orders for six more newbuilding tankers in August 2007. With this the company has an extremely healthy orderbook position with eighteen ships on order-including VLCCs ordered in FY 06. The state-of-the-art newbuilding ships, which are being built to the most modern and latest specifications are not only expected to augment the company's fleet but also bring in great improvement in the fleet in terms of quality.
Maritime Corporation's Vessel Management Services subsidiary has signed a contract with VT Halter Marine Inc. and Dakota Creek Shipyards to build three articulated tug-barge (ATB), 330,000-barrel tank vessels, the largest in the company's history and the fastest in their class.
The new vessels will be delivered in yearly intervals between the second half of 2011 and the first half of 2013. Once received, the three new Jones Act ATBs will be operated in the
