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IMO is looking at a global levy (tax) on marine fuels. Do you think this is

a really good idea
an unfortunate necessity
a bad idea
a really bad idea

Marine Log

July 9, 2008

ABG Shipyard negotiating jack-up contracts

India's ABG Shipyard has responded to local press reports saying that Essar Shipping Ports and Logistics Ltd has placed an order with it for two jack-up rigs for $440 million. An unnamed Essar executive was quoted as saying that the company will take delivery of the first jack-up by October 2010 and the next by January 2011.

In a stock exchange announcement today, ABG Shipyard said it is "in an advanced stage of negotiations with various parties including Essar Shipping Ports and Logistics for the construction of jack-up rigs. However, no formal contract has been concluded to this effect between the company and any other parties, as on date."

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