China's Yangzijiang Shipbuilding has entered into 13 shipbuilding orders in the fourth quarter of 2014, of which nine were effective orders with a total contract value of US$388 million, brining total orders for 2014 to a record US$1.8 billion Singapore…
India government-owned Mormugao has lined up ambitious approx $500 million projects that include capacity augmentation schemes as part of its expansion plans.Mormugao Port Trust (MPT), the Centre-government owned major port at Goa has plans to award nine major projects for expansion…
Kalmar, part of Cargotec, is delivering four of its latest generation Gloria reachstackers to International Container Terminal Services Inc Group (ICTSI). The 45 tonne capacity units are the first operational in the Asia-Pacific territory…
Can pain in the China's ship building industry the gain for South Korea? Will 2015 save Korea's major shipbuilders which had a pretty tough time in 2014?Korea's major shipbuilders had a pretty tough time in 2014. Out of the country's three major players…
Magnolia LNG LLC (MLNG), wholly owned subsidiary of Liquefied Natural Gas Limited executed a Technical Services Agreement (TSA) with Kellogg Brown & Root LLC, a wholly owned subsidiary of KBR, Inc. (KBR) to undertake cost verification and provide other services supporting MLNG project delivery…
Abu Dhabi, one of the most spectacular stopovers, after hosting Volvo Ocean Race for the second time from December 12, 2014 until January 3, 2015, waved farewell to the Race fleet as they set sail for the third leg to China.Ocean Racing led…
Haifa port is about to be transformed and upgraded into a beautiful new set of centers to include an entertainment zone, a commercial zone and links to the city’s beaches, according to a report on www.haaretz.com.The National Planning and…
Republicans take full control of the U.S. Congress this week with an agenda of trying to force approval of the Keystone XL oil pipeline and push back on President Barack Obama's sweeping policy shifts on Cuba and immigration.After years of battles over the budget and other issues…
Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning…
USS Fort Worth (LCS 3) arrived in the search area on Jan. 3, 2015 and has commenced search efforts for Air Asia flight QZ8501 at the request of the Indonesian government. It is the second US Naval Ship to join in the search.Seen the picture…
The search for eight crew missing from the cement carrier, ‘Cemfjord’ which capsized and sank in the Pentland Firth has been suspended this evening, with no sign found of the missing crew.The lifeboats completed their search areas earlier this afternoon and returned to shore…
E-navigation specialist NAVTOR has set course for Asia, with the news that the Egersund, Norway-based business has opened an office in Singapore. The move comes in response to growing regional demand for simple, efficient and cost effective ENC distribution solutions…
Egypt's government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said in a statement on Sunday.Egypt has delayed payments to oil and gas firms as its economy has been hammered…
A moderate earthquake rattled a broad swath of Idaho early Saturday, damaging property and causing power outages near its epicenter in the city of Challis, which has endured a string of temblors over the past weeks, authorities said.The quake was measured at a magnitude of 4…
A cargo ship abandoned by its crew with 359 Syrian refugees on board was towed ashore in Italy on Saturday in the second such rescue this week, prompting calls for stronger European Union action in the face of new tactics by human traffickers…
