BIMCO’s President Knud Pontoppidan and U.S. Coast Guard Rear Admiral Craig Bone signed a new partnership agreement at U.S. Coast Guard Headquarters in September 7. The agreement is aimed at enhancing the communication and working relationship between the Coast Guard and the shipping industry. The establishment of the partnership coincides with the development of BIMCO’s guide for seafarers on US Port State Control inspections. Developed in cooperation with the Coast Guard, the guide is aimed at raising awareness amongst seafarers regarding measures implemented on board ships to ensure compliance with MARPOL and SOLAS requirements. The agreement signed represents an expansion of a previous agreement signed in 1998. Subsequent developments since then, including the initiatives and regulations relating to maritime security and BIMCO’s renewed focus on the fair treatment of seafarers warranted the establishment of a more encompassing agreement that covers these matters. BIMCO’s continuing work with the USCG in respect of the global implementation of the SOLAS ISPS Code at port facilities and more recent work relating to concerns surrounding the operation of oily water separators illustrated the need to establish a broadened partnership agreement. It is hoped that the new agreement will strengthen the dialogue between BIMCO and the US Coast Guard as long term strategies are developed to address the future challenges relating to safe
Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has received delegation for Load Line, SOLAS, MARPOL, ISM, and Tonnage survey and certification services. The MOA delegating authority and establishing guidelines for co-operation between the USCG and RINA was signed at Coast Guard Headquarters in
Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East, and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska
Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012. The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33
KOTC received its fourth giant oil tanker of a capacity of around 2.1 million barrels, from South Korea's Daewoo Shipbuilding and Marine Engineering Co. Al-Rigga, the last of a total of four tankers ordered from the South Korean firm carries 320,000 tons, and comes amid KOTC's (Kuwait Oil Tankers Company) second phase of plans to renew its fleet according to an agreement signed with the South Koreans in August 2008. The signing ceremony of the tanker delivery was conducted in Kuwait by KOTC's
The New Orleans District, USACE and the Louisiana Department of Natural Resources held an historic signing ceremony to launch a major coastal wetlands study. With the signing of the Coast 2050 Feasability Cost Share, the agencies will initiate a $6 million feasibility study of the Barataria Basin. The study will be completed in September 2001. "This is more than just another study," sais Congressman Billy Tauzin of Chackbay, who headed the effort to secure federal funding
Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore. The agreement was signed at a ceremony held after a meeting of executives from both companies at the Rio Tinto Japan office on 3 December 2013. ClassNK Executive Vice President Yasushi Nakamura and Warwick Smith, Managing Director
Rosneft and ExxonMobil jointly agree to develop tight oil reserves in Western Siberia & establish a joint 'Arctic Research Center for Offshore Developments' Rosneft and ExxonMobil agreed to expand and expedite joint efforts to develop oil reserves in tight low-permeability formations in Western Siberia using advanced technologies that ExxonMobil has successfully employed in North America. The other agreement signed will enable ExxonMobil to join the new Arctic Research Center
Northrop Grumman Corp., the number five U.S. defense contractor, said on Tuesday that it has completed its $3.8 billion purchase of warship and defense electronics maker Litton Industries Inc. Los Angeles-based Northrop, which makes high-tech weapons systems, said the purchase will solidify its defense electronics segment while adding shipbuilding and commercial electronics capabilities. The deal cleared required U.S. and European Commission reviews late last month.
Scorpio Bulkers Inc. announce agreements signed for the purchase of twenty Capesize dry bulk vessels and two Kamsarmax dry bulk vessels, as listed below: The total purchase price for the vessels is approximately $1,171 million. About Scorpio Bulkers Inc. Scorpio Bulkers Inc. has contracted and agreed to purchase 28 Ultramax, 23 Kamsarmax and 23 Capesize newbuilding dry bulk vessels to be delivered starting from the second quarter of 2014 from shipyards in Japan, Korea, China and Romania
ASRY and Babcock have signed a long term support facility agreement to provide ongoing services to the U.K. Royal Navy in Bahrain ASRY (Arab Shipbuilding & Repair Yard), a shipyard in the Arabian Gulf, has signed a long-term collaborative enabling agreement with U.K
Immediately after signing contract with signed with Hyundai Samho Heavy Industries to build five VLCCs, with an option to build additional five VLCCs, the National Shipping Company of Saudi Arabia (Bahri) signed a contract with Hyundai Samho Heavy Industries to build additional five VLCCs
French container shipping group CMA CGM said on Tuesday it will sign a $1 billion financing agreement with the Export-Import Bank of China. Marseilles-based CMA CGM said in a statement that the agreement, to be signed on Wednesday during a visit by Chinese Premier Li Keqiang to its headquarters
Embedded computer systems developer RECAB AB has entered into a contract with AKVA Group ASA for the delivery of its solutions to the fish farming industry. The frame agreement signed during Norshipping 2015 will see AKVA group deliver RECAB's embedded computer systems to the global fish
Port Manatee is adding a 2-acre cargo pad to support storage of prilled sulphur, a new commodity for the Florida Gulf Coast port. Under an agreement signed Tuesday, June 16, with longtime port tenant Gulf Coast Bulk Equipment Inc., construction of the pad is slated to begin in September
Brazilian miner Vale has completed the sale of four other large iron ore carriers to China Ocean Shipping Company (Cosco), which was agreed last September. This transaction is related to the agreement signed with Cosco on September 12, 2014.
British oil major BP and China's Sinopec Fuel Oil are starting a Singapore-based joint venture in ship fuel storage and sales, BP said in a statement on Tuesday. The 50/50 joint venture, which builds on a similar agreement signed in 2011, will leverage both companies' existing bunkering
Vietnam said it resolutely opposes a temporary Chinese ban on fishing in the Gulf of Tonkin, the latest in a series of sovereignty disputes in and around the South China Sea. China's ban came as the neighbours seek to patch up ties since a row in May last year when China deployed a $1-billion
Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015. Key Highlights: · Essar Ports takes over the Vizag Iron Ore outer harbor terminal with 2 berths on 14th May 2015
Two Japanese warships arrived in the Philippines on Saturday to take part in the first naval drill between the two countries in the disputed South China Sea. The May 12 maritime safety exercise in the South China Sea near a disputed shoal claimed by China
The Union Cabinet of India has given its approval for signing of a shipping agreement between India and Jordan. The Union Cabinet was chaired by Prime Minister Narendra Modi. An official press release said the government had decided to sign the agreement with a view to
Drydocks World the international service providers to the shipping, offshore, oil, gas and energy sectors won the ISO 3834-2: 2005 certificate for quality requirements on fusion welding of metallic materials. This certificate validates Drydocks World’s capabilities in line with
Alfa Laval has entered into a patent license agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the use of DSME’s patents on high pressure fuel gas supply systems. The agreement signed in March 2015 enables Alfa Laval to further develop the Alfa Laval Fuel Conditioning
Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The contract features the Transas Navi-Sailor ECDIS 4000 in dual configuration plus a back-up station on each vessel.
Maersk Line selected Transas Marine for ECDIS implementation on more than 100 vessels. The contract features Transas state-of-the-art Navi-Sailor ECDIS 4000 in dual configuration plus a back-up station on each vessel.