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Costa Order Two Ships Worth $1.4b
2000, to a total value of $7.8b and the total number of vessels introduced between 2000 and 2012 to 13. By 2012, when the last of the new orders is completed, the Costa fleet will be 17 strong and have a total guest capacity of approximately 36,700 based on double occupancy.
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Deep-sea Rig for CNOOC
Costa Crociere ordered two new 114,200-ton ships to be delivered in 2011 and 2012. Costa signed an agreement with Fincantieri for the construction of the two new vessels at an all-in cost of approximately $1.4b. The two new ships will be built at Fincantieri's Marghera shipyard, and will be sister ships to the Costa Concordia, Costa Serena and Costa Pacifica, the latter of which is currently being built at Fincantieri's Sestri Ponente shipyard. The new ships will each be able to accommodate 3,780 passengers in total (including all upper berths) or 3,012 guests based on double occupancy. Costa's total capacity will increase by 20% (based on double occupancy) with the addition of the two new vessels. The two new orders bring Costa's fleet expansion program, which began in China will finish its first deep-sea drilling rig with a maximum working depth of three km by 2011, a spokesman for China National Offshore Oil Corp. (CNOOC) said. The maximum drilling depth will reach 12 km, which means it can operate in deep-water regions in the South China Sea, Southeast Asia, Gulf of Mexico and West Africa. The project includes a total investment of $599m. [Source: http://www.chinadaily.com]
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Tatas Eyes Shipbuilding
The Tata group is looking at the possibility of entering the shipbuilding business even as India looks to boost its shipbuilding capabilities to meet growing global demand for cargo carrying ships. The Tata group has reportedly shown interest in building a shipyard near Shivrajpur in Gujarat. [Source: http://www.livemint.com]
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Gateway to the World.
Why would the world's most successful container terminal operator build its showcase $450 million terminal in Portsmouth, Virginia? Location, pure and simple. We're midway along the Atlantic coast, at Mile Marker Zero on the Intracoastal Waterway, with deepwater access to the largest natural harbor in the world. And while APM Terminals' state-of-the-art new facility is the single largest private investment in Hampton Roads history, it's only the beginning for us. OVER $1 BILLION IN PROJECTS AND COUNTING. With a new office park and major new retail and residential developments underway, Portsmouth is undergoing an economic renaissance. If you're looking for a strategic location that connects you with the world, put us on your short list and make a visit. You'll see the possibilities.
Contact Steven Lynch, Director | Department of Economic Development | 800-848-5690 | www.portsmouthvaed.com
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