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
The company bought the rights for 20 blocks on its own and for six blocks in partnership with Devon Energy. Two of these will be Petrobras-operated. Petrobras said it sought to consolidate its position in areas of the Gulf where it already has exploration activities, particularly in deep-water and ultra deep-water tracts like
Horizon Lines Inc. will take delivery of 1,200 new, 45-foot shipping containers this month.
The containers will allow customers to ship more cargo without having to modify existing operations. The delivery is part of the company's equipment-investment program. Since the start of the year, Horizon Lines has ordered 2,200 dry containers. The company also has added more than 1,000 refrigerated containers, about 235 flat racks and five Hunter-Class container vessels.The Charlotte-based company structured its transportation and logistics operations under two subsidiaries, Horizon Lines LLC and Horizon Logistics.
The first summit was held in 1975 in
