P&O Buys Stake In Indian Container Terminal

Monday, August 30, 1999
South Asia Ports Ltd., a subsidiary of British Shipping group P&0 has reportedly bought a 96 percent stake in the container terminal at India's Kandla port for $30 million. P&O plans a total investment of $80 million to upgrade facilities and set up a container yard in return for a 30-year operating lease.

Offshore

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

New Offshore Gangway Launched at ONS

The new Barge Master Gangway will be presented at the joint booth of Barge Master and Bosch Rexroth during the international offshore trade exhibition ONS (Offshore Northern Seas) in Stavanger.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

 
 
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