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Agreement Signed

BIMCO Signs New Agreement with Coast Guard

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


U.S. Coast Guard Commissions RINA

USCG Signing_web.jpg

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


Coast 2050 Study Agreement Signed

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


Tanker Delivered to KOTC

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


Eni CEO Meets Rosneft CEO

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


Oil Majors Expand Far North Exploration Projects

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


Northrop Grumman Takes Litton for $3.8 Billion

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.


Oil Companies to Establish Arctic R&D Center

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


ClassNK and Rio Tinto Iron Ore Sign Collaborative Agreement

Right: Mr.Yasushi Nakamura (ClassNK), Left: Mr.Warwick Smith (Rio Tinto Iron Ore)

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


New Dry Bulk Ship Orders Take Scorpio to 8-Million DWT Level

A Scorpio Bulk Carrier: Photo courtesy of the owners

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


Hyundai Glovis Signs $100m Qatari Shipping Deal

Image: Hyundai Glovis

Hyundai Glovis Co., South Korean shipping firm, clinched a $100 million shipping service contract with a building materials firm in Qatar, reports Yonhap news agency.  According to the agreement signed with state-run Qatar Primary Materials Co


Nine Voith Tugs for Pemex

Building Director Admiral Jose A. Sierra shows to Mexican President Pena Nieto how the Voith Schneider Propeller works in a Voith Water Tractor tugboat, during the keel laying ceremony, celebrated January 2 in the Shipyard ASTIMAR 20. (Photo: Voith Turbo)

Nine Voith Water Tractors will be built under an agreement signed with Mexico's petroleum company, Pemex, for use at oil and gas maritime terminals on both coasts of the country.    Construction on four of the nine tugboats began after a keel laying ceremony at Astimar 20


Japan, Vietnam Maritime Security Cooperation

Signing Ceremony of the MOA for Maritime Instructors’ Training Scheme between VINAMARINE and SECOJ (Photo by Vietnam Maritime Administration)

 Japanese Foreign Minister Fumio Kishida and Vietnamese Vice President Nguyen Thi Doan agreed to continue bilateral efforts to ensure maritime security, underlining the importance of respecting the rule of law.   Kishida and Doan also discussed matters related to the South China Sea


VIKING Extends Liferaft Exchange Program to Japan

Photo courtesy of VIKING

Leading marine and fire safety equipment and service provider, VIKING Life-Saving Equipment (VIKING) is stocking ready-packaged liferafts to provide fixed-price liferaft exchange to vessels calling Japanese ports. “The world of shipping is dominated by a small group of countries


Qatargas Sells First LNG Cargo to JOVO

First cargo to JOVO

  Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. (“JOVO”), an independent LNG importer from the People’s Republic of China. The 64,000 cubic meter cargo was sold on a free-on-board basis and loaded on to the


Fincantieri & Vittoria Shipyard Join Forces

Fincantieri, heir to the great tradition of Italian shipbuilding and one of the largest shipbuilding groups in the world,

During the 24th edition of Euronaval, the most prestigious event in the world for naval defense, Fincantieri, one of the major shipbuilding groups worldwide, and Vittoria Shipyard, located in Adria (Rovigo), specialized in naval vessels, and cargo ships up to 100 meters in length


Egypt Signs $350 mln in Oil, Power Financing Deals with Saudi

  Egypt signed $350 million worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades. Power cuts have become common in Egypt as the cash-strapped


Russia & China Agree on Gas Supplies

Beijing, China

As part of the APEC summit in Beijing, a number of documents related to the Russian-Chinese cooperation in the energy sector were signed today in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping. Alexey Miller


Eni CEO Addresses Porto Marghera Deal

Claudio Descalzi (Photo: Eni)

Eni CEO Claudio Descalzi issued a statement on the agreement for Porto Marghera signed today in Rome at the Ministry of Economic Development. “The agreement signed today is an important milestone for the future of Porto Marghera and reflects Eni's commitment to restructure its industrial


Inmarsat Maritime Takes Distribution Partner

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  Inmarsat has appointed SpeedCast International Limited (SpeedCast), a leading global network and satellite communications service provider, as a Distribution Partner (DP) for its flagship maritime service, FleetBroadband, and Fleet One


Kenyan Wind Project Wins Financing

Kenya's delayed Lake Turkana Wind Power project is expected to start generating power by 2017 after the African Development Bank backed financing to build a transmission line to connect it to the national grid, the project's director said.


RN-Aero, KazMunayGas-Aero Join Forces

...

  RN-Aero (Rosneft subsidiary) and KazMunayGas-Aero (KazMunayGas subsidiary) signed an agreement, substantially increasing cooperation between the Companies. The accord on the signing of the agreement was reached at the IATA International Aviation Forum in Dubai in the end of November.


BOURBON Continues to Sell Vessels

BOURBON completes vessel sales to ICBC Financial Leasing and Standard Chartered Bank and announces new sale and bareboat charter agreement with Minsheng Financial Leasing Co.   BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and


Africa to Roll out Three Floating LNG Projects

Golar LNG

 Africa has planned three floating LNG export proj­ects - Cameroon, Equatorial Guinea and Mo­zambique.   According to local media reports, the African nations are launching LNG projects - three such planned projects in Nige­ria; two planned LNG projects in Equatorial


Zamakona, Finnish GS-Hydro Ink Deal

Presentation ceremony of the agreement between Zamakona and the Finnish GS-Hydro

  The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.m.) in the auditorium of Zona Franca in the Las Palmas Port.






 
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