Kvaerner sells more Norwegian yards Continuing its exit from shipbuilding, the Kværner Group today announced that it had entered an agreement to sell its Floro Shipyard in Norway
Wah Kwong shifts vessels to from Liberia to Hong Kong register Today's South China Morning Post reports thatWah Kwong Shipping Holdings registered 12 vessels with a total of 300,000 dwt on the Hong Kong shipping register last year. Deputy chairman and president George Chao Sze-kwong said eight of the vessels had recently been transferred from the Liberian register.
Exxon Mobil in Egyptian deepwater move Exxon Mobil Corporation's Egyptian affiliate, Esso Exploration and Production Egypt, Ltd. has acquired from Shell Egypt Deepwater B.V. a 25 percent interest in the Egypt NORTHEAST MEDITERRANEAN (NEMED) Block. Shell retains a 75 percent interest in the block.
Strict rules to stop tonnage tax abuse STRICT anti-tax avoidance measures have been pledged by the UK government against possible abuse of the newly introduced tonnage tax.
A young oil-covered seal is treated. . . A young oil-covered seal is treated yesterday after being rescued from waters polluted by the Erika at Bretignolles sur Mer on France's Vendee coast, writes Andrew Spurrier, Paris.
Now is the right time to invest in shipping THERE is no time like the present to buy a shipping company, according to Gothenburg's reputed Institute of Shipping Analysis.
Major insurance claims in wake of Christmas storms DETAILS have begun to emerge of major insurance claims - including disruption to the wine industry - resulting from the severe storms which hit France over Christmas.
Benelux box surge forecast ZEEBRUGGE Port Authority's commercial director, Vincent De Saedeleer, has foreseen a major addition of container terminal capacity in the future at Benelux ports.
Duty-free ban hits Dover tourist traffic TOURIST traffic through Dover, Europe's leading ferry port, was badly hit by the abolition of duty-frees both in the month of November and over the first 11 months of last year, writes David Mott.
New plea for full Braer spill payout On the eve of today's seventh anniversary of the tanker Braer running aground on the south tip of Shetland, Orkney and Shetland MP Jim Wallace has again called on the UK government to step in and compensate fully the victims of the oil pollution.
278,219 dwt French VLCC Autan The 278,219 dwt French VLCC Autan has been sold to Bangaldeshi breakers for $138 per ldt. She was built in 1975 by Chantiers de l'Atlantique in St Nazaire for Shell UK as the Labiosa.
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