Russian top crude producer Rosneft and Venezuelan state oil company PDVSA have signed a new contract for supplies of oil and oil products of Venezuelan production, the Russian company said on Monday. The document envisages the supplies of over 1.6 million tonnes of oil and 9 million tonnes of oil products to Rosneft within five years, it added in a statement. Under their first long-term contract, signed in May, the Venezuelan party has already supplied 375,000 tonnes of oil products, Rosneft said. Reporting by Polina Devitt
According to a report from The Financial Express Bangladesh, United Shipping Line and Global International Limited have ordered two oil tankers from Khulna Shipyard in a contract signed on June 19. The two 230-ft by 38-ft oil tankers will be completed by June 2012. Source: The Financial Express Bangladesh
According to a Dec. 7 report from Itar-Tass, two new shipyards in Russia’s Primorsky Territory – Zvezda (Star)-DSME and Vostok (East)-Raffles that were laid down just a year ago, have already been engaged with orders. The contracts signed to date include the construction of 47 heavy-tonnage shipbuilding facilities. These are tankers, LNG carriers, floating plants to produce liquefied natural gas, as well as offshore drilling platforms.
The National Shipping Company of Saudi Arabia (Bahri) will sign a financing agreement with Public Investment Fund (PIF) for 2 newbuildings Bahri is to sign a 'Murabaha Agreement' with Public Investment Fund (PIF). The cash will be used to finance part of the total construction cost of building two General Cargo vessels at Hyundai Mipo Dockyard in South Korea. The value of the financing contract is equivalent to Saudi Riyals 450,000,000 (Four Hundred and Fifty million)
South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated a contract worth a 907.6 billion won ($776.8 million) for the construction of a liquefied natural gas (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an unnamed European buyer back in January 2009. The South Korean shipbuilder said in a regulatory filing that the order, which came from an unspecified European firm
COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field Support Vessels (ERRVs), scheduled for delivery in the first half of 2016. 2. Two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co
The Great Eastern Shipping Company has entered into an agreement to cancel the new building Kamsarmax which was scheduled for delivery in FY 18 (contract signed in FY 14). Simultaneously, the Company has contracted for purchase of two newbuilding resale Kamsarmaxes being built at the same shipyard, due to be delivered in Q2 FY 17. The transactions collectively are value accretive. The company also reported of having contracted to sell its 1999 built Aframax ship Jag Laxmi (about 105
The upgrade of DGPS stations includes adding capability to use Modernized GPS signals and the additional functionality required for tracking the future Galileo and GLONASS signals without further complex upgrade. The upgrade program will also ensure that the GLA service is compliant with the latest International Maritime Organization (IMO) Resolutions and recommendations from the International Association of Lighthouse Authorities (IALA)
Maersk Supply, a subsidiary of the A. P. Moller-Maersk group, came out of the third quarter of 2013 with a profit of US$76-million, against a profit of US$ 48-million in the same quarter in 2012. Revenue rose from US$ 226-million in the period of 2012 to US$ 240 million. The profit for the third quarter of 2013 improved compared to the same period last year primarily due to higher utilization and lower operating costs.
Statoil and Aker Kværner has signed the contract worth approximately NOK 8 billion for the semisubmersible platform to be located at the Gjøa field offshore Norway. This is in accordance with the memorandum of understanding presented in Aker Kvaerner's disclosure to the Oslo Stock Exhange at 29 September 2006. The scope of work to be performed by Aker Kvaerner will be detail design of topside and hull, procurement, construction and hook-up of topside, and mating of topside and hull
Hyundai Merchant Marine (HMM) said it has signed an agreement with intra-Asia trade carriers Heung-A Shipping and Sinokor Merchant Marine to form a container shipping alliance called the HMM + K2 consortium. The HMM + K2 consortium, which is slated to start operation in March after a formal
Following the contract signing between Damen Shipyards Group and Société de Transport Lagunaire (STL) for 16 shallow-draught ferries for the Ivory Coast city of Abidjan, the two companies have announced a supplementary contract for eight Damen Pontoons 2404
Arkhangelsk Trawl Fleet (ATF) has entered into contract with Vyborg Shipyard for the construction of a series of fishing trawlers. The shipbuilding contract, signed at the the International Forum "The Fishing Fleet - New Impulse to Development" in Murmansk in March 2016
Master Marine said it has laid the first keel with a contract signed in September for four 67’ x 28’ fleet boats. Each boat will be powered by a pair of S6R2-Y3MPTAW Mitsubishi 803 HP tier III diesel marine engines to be operated at 1,400 RPM coupled to Twin Disc 5321 gears
Damen has signed a contract with the International Organisation for Migration (IOM) in Ankara, Turkey for the supply of six, state-of- the-art Search and Rescue (SAR) vessels for delivery in 2017. The boats are being financed by the European Union and will be operated by the Turkish Coastguard
Furetank and Älvtank extend the order with two more of next generation Intermediate Product/Chemical Tankers with LNG propulsion. Furetank Rederi AB and Rederi AB Älvtank have added the previous order with two more newbuildings. Last year a contract signed by the constellation Furetank
The value of contracts signed by Korea's big-three shipbuilders— Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries — fell far behind the amount they projected for this year, reports The Korea Herald.
Wärtsilä said it has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry being built for Spanish owner Baleària
Liquefied natural gas (LNG) supplier Bomin Linde LNG said it has secured a capacity of 7,500 m3 LNG bunker supply vessel, the largest of its kind to date, via a time-charter contract signed with ship owner Bernhard Schulte on September 30, 2016.
COSCO Shipping Co. Ltd. (COSCOL) said it has been awarded a transportation and logistics contract signed by representatives of all parties on September 27, 2016 in Astana, Kazakhstan. Part of the work under the contract will be subcontracted to COSCOL’s Korean Partners
NSB Niederelbe Schiffahrtsgesellschaft mbH & Co. KG (REEDEREI NSB) has chosen Marlink to supply fully managed VSAT services including connectivity and an extensive business critical solutions roll-out for its entire fleet of 50+ vessels. The contract, signed early in July
Fincantieri signed a contract with the Australian Government to participate in the Competitive Evaluation Process, conducted by the Department of Defence, to deliver 9 Future Frigates - to be built in Adelaide, South Australia - for the Royal Australian Navy (RAN) under the SEA 5000 programme.
FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”) announced today that the Trust reported a stable and positive performance for the second quarter ended 30 June 2016 (“2QFY16”).
Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,” which, once completed, will be the largest passenger vessel ever built in Germany.
Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion) order placed in 2013 for a fixed oil production platform has been cancelled.