Marine link
 

Form Alliance

BP, Reliance Industries Announce Partnership in India

Reliance Industries Limited and BP today announced a historic partnership between the two companies. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Mr. Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London. The partnership across the full value chain comprises BP taking a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the producing KG D6 block, and the formation of a 50:50 joint venture between the two companies for the sourcing and marketing of gas in India. The joint venture will also endeavour to accelerate the creation of infrastructure for receiving, transporting and marketing of natural gas in India. The partnership will combine BP’s world-class deepwater exploration and development capabilities with Reliance’s project management and operations expertise. See related downloads for more images Mukesh Ambani said: “We are delighted to partner with BP, one of the largest energy majors and one of the finest deep water exploration companies in the world. This partnership combines the skills of both companies and will be focused on finding more hydrocarbons in the deep water blocks of India and significantly contribute to India’s energy security.” For BP, Reliance is a natural partner in India, given its strong position in the Indian market.


OSL Forms Ballast Systems Alliance

OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs. The alliance partners of OSL Offshore Systems, Rotork Controls, FloTec and W&O forms a comprehensive organization that services the offshore industry with each group's strengths as leaders for process valves and value automation, integrated PLC controls and hydraulic power.


Jones Walker Expands Government Relations & Transportation Practice

Jones Walker today announced the expansion of its government relations practice with the addition of John S. Doyle, Jr., Vice President of Government Relations for Waterways Work!, as special counsel in the firm’s Washington, D.C. office. In making the announcement, R. Christian Johnsen, head of Jones Walker’s Washington office, said, “Mr. Doyle will continue to represent Waterways Work!, a client since 2001, and other Jones Walker clients in the areas of government relations with a


Linde forms Global Alliance with SBM

Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today


Tanker Operators To Join Forces

Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region. Iver said the two companies would merge their medium-range (MR) tanker fleets over the next six months to form a pool of 12 45,000 tonners. "Our customers -- the oil majors and petrochemical companies -- are globalizing to form bigger units, and they're looking to concentrate on a few service providers capable of doing a bigger part


Changes to Grand Alliance Service

The member lines of the Grand Alliance, Hapag-Lloyd, MISC Berhad, NYK and OOCL, have decided to suspend their EU5 Service between Europe and Asia with immediate effect. The weekly service has been operated by eight vessels with an average capacity of 3,300 TEU. Ports of call have been Shanghai, Ningbo, Xiamen, Singapore, Amsterdam, Hamburg, Southampton, Singapore and back to Shanghai with a round voyage time of 56 days. The suspension is preliminary fixed until June 2009.


Setron Joins Shipbuilding Business

Bhd, an electronics company, has diversified into the shipbuilding business by partnering Pong Leung Swee to set up and operate a shipyard on Carey Island, Selangor, Malaysia Setron said the alliance entails designing and building ships and similar vessels to primarily serve the oil and gas industry. "The company is confident that the demand for new crew boats and other support vessels for oil and gas industry in the region is promising.


Eimskip, Containerships and Kursiu Linija form Joint Venture

Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers. The new joint-venture company Containerships Group will be based in Helsinki and will operate eleven ships on services linking east and west Europe, the Baltic States and Russia. It will be the cornerstone of a much larger alliance including the services of its parent companies.


Linde to Cooperate with SBM

Germany's Linde formed a global alliance with SBM (of the Netherlands to develop and market floating production, storage and offloading (FPSO) units for the liquefied natural gas industry. Under the deal, Linde contributes gas hardware such as pretreatment, fractionation and liquefaction based on its proprietary process LiMuM. SBM for its part contributes for example marine technology including hull and LNG storage tanks systems, power generation systems, mooring systems


McDermott, Bay Begin Alliance at Harbor Island Facility

J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc., and Bay Ltd. have formed a strategic alliance to pursue fabrication projects in the offshore oil and gas industry, using McDermott's Harbor Island facility near Corpus Christi, Texas. Under the alliance, J. Ray McDermott will provide overall project management, engineering and procurement services, as well as the assembly areas, lifting equipment dredged slip and bulkhead at Harbor Island.


Port of Seattle Co-Presidents Reelected for 2015

Photo courtesy of the Port of Seattle

The Port of Seattle’s co-presidents Stephanie Bowman and Courtney Gregoire have been reelected by the port’s commission for another full-year term. The commission also elected John Creighton to serve as vice president, Tom Albro to serve as commission secretary and Bill Bryant to serve


Shell Charters Oceaneering Vessel for IMR

MSV Ocean Alliance (Photo courtesy of Oceaneering International)

Oceaneering International, Inc. has entered into a two-year, multiservice vessel charter agreement with Shell Offshore Inc. for use of the Ocean Alliance in the U.S. Gulf of Mexico (GOM) commencing January 1, 2015.   The Ocean Alliance is a U.S


Puget Sound Container Volumes Flat in 2014

Photo: Port of Seattle

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.   “Reporting our combined cargo volumes demonstrates our commitment to the Seaport Alliance


Puget Sound Container Volumes Flat in 2014

Port of Seattle image by Don Wilson

Container volumes through Puget Sound’s largest container ports remained flat in 2014, according to numbers released jointly for the first time by the ports of Seattle and Tacoma.   “Reporting our combined cargo volumes demonstrates our commitment to the Seaport Alliance


Maersk and MSC Ship-Sharing Pact Gets U.S. Clearance

 To pool 185 ships, save Maersk Line $350 mln/year Alliance would have 35 pct of Asia-Europe route Also 31 pct trans-Atlantic, 22 pct trans-Pacific routes Top container shipping companies A.P. Moller-Maersk and MSC Mediterranean Shipping Co cleared the last regulatory


G6 Alliance Announces Asia – US East Coast Winter Program

hapag.png

Combined service will replace NYE and SCE temporarily / Due to seasonal changes in market demand. Members of the G6 Alliance have announced the Winter Program for Asia – U.S. East Coast sailings in response to seasonal changes in market demand.


AVEVA, Capgemini Bolster Global Alliance

Complementary expertise enables asset-intensive industries to reduce risk and increase profitability AVEVA and Capgemini today announced the signing of a global alliance agreement, which the companies expect will benefit asset-intensive industries such as oil and gas, process, power


Containerships: G6 Alliance Alters Routes on Seasonal Demand

Temporary suspension of Central China (CC2) Service / All ports covered by other G6 services   In response to seasonal changes in market demand, the members of the G6 Alliance announced the temporary suspension of their Central China (CC2) service between Asia and the U.S


Continership Alliance Expands to US Trades

Photo courtesy of Evergreen Line

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE files an Agreement and reports to related regulators to comply with their regulations.    


UASC Targets Expansion to Beat Container Market Blues

Photo courtesy of UASC

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost efficiencies and


G6 Alliance Makes Seasonal Service Change

Pacific Atlantic 2 service has temporarily stopped calling European ports due to a seasonal change in market demand. The service portfolio between Asia and North America East Coast continues unchanged. Members of the G6 Alliance have adjusted one of its Pacific Atlantic services in response to


Sulphur Regulation Enforcement Support Gathers Momentum

Logo

Trident Alliance, the shipping industry initiative for robust enforcement of maritime sulphur regulations, broadens its platform as some of Germany’s and Denmark’s most prominent shipping companies join its ranks together with new members from Chile, Greece, The Netherlands, Sweden


NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises. Russian news agency RIA quoted the Northern Fleet as saying its vessels, led by anti-submarine ship Severomorsk


Maersk: Rate Hike Under Pressure on Low Demand

Image: file photo

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe was already under pressure due to weak demand from shippers. Maersk Line, a unit of Danish conglomerate A.P


Doyle Gives Thumbs Up to Ocean Three

Hanjin Shipping

  Commissioner William P. Doyle’s in a statement today said, "I am voting to take no further action on the Hanjin/UASC/CMA CGM/CSL Vessel Sharing and Slot Charter Agreement. This agreement is scheduled to become effective on January 2, 2015."






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright