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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.


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


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


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.


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


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.


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.


PTC & Sener Integrated Shipbuilding Solutions

PTC (Nasdaq:PMTC), The Product Development Company, and Sener announced plans to strengthen their alliance to deliver an integration between Sener’s FORAN system and PTC’s Windchill PLM software.  The integration will enable Sener’s shipbuilding customers to leverage Windchill’s enterprise PLM capabilities while managing FORAN CAD data within the same PLM platform ideally suited for complex, distributed, and large-scale product development.


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


Maersk Posts Record Profit Despite Pressure in Shipping Rates

Courtesy: Maersk Line

 Maersk Line has reported a profit of $2.3bn for 2014 a 50% increase over the previous year, and expects a higher result in 2015, though the shipping rates remain under pressure.   But 2015 is expected to yield less impressive results due to falling oil prices


General Maritime to buy Navig8 Crude Tanker

General Maritime Corp, which operates crude oil tankers, will acquire Navig8 Crude Tankers Inc in a stock-for-stock deal, the two companies said in a statement.   A newly formed unit of General Maritime will acquire all of Navig8 Crude's common shares to form Gener8 Maritime Inc.  


Sulphur Enforcement Event to be Held in Brussels

Trident Alliance has invited representatives from national and European authorities and NGO’s to discuss how effective enforcement of sulphur regulations can be achieved on the high seas. The event will take place on March 3 during the European Shipping Week in Brussels.   


Malta Freeport Chosen by 2 Mega Alliances

Image: Malta Freeport Terminals Ltd

 Malta Freeport Terminals have been chosen by two mega shipping alliances -  2M Alliance and Ocean Three Alliance - as their main transshipment hub in the Central Mediterranean.   The '2M' Alliance is made up of Maersk Line and Mediterranean Shipping Company and the 'Ocean Three


Puget Sound Container Volumes Slide

Photo: Port of Seattle

The ports of Seattle and Tacoma saw combined container volumes fall 13 percent in January, continuing a trend that started in November.   The Puget Sound gateway handled 226,906 20-foot equivalent units (TEUs) last month. Containerized imports plunged 21 percent to 89,982 TEUs


Gerda Maersk Make Maiden Call at Slovenia's Koper

Luka Koper (Image by Port Authority)

 Slovenia's Luka Koper port welcomed its largest container ship to date, as the 367 metre Gerda Maersk moored on Tuesday, just weeks after completing a long-awaited deepening of its seabed to allow larger ships to dock.  The Gerda Maersk weighing 10


UASC to Enter North Atlantic Trade

Image by United Arab Shipping Company

 Container shipping line and global carrier, United Arab Shipping Company has entered into a vessel sharing agreement with CMA CGM and Hamburg Süd to enter the North Atlantic trade.  The vessel sharing agreement will see the three partner companies operate a service that links


Maersk Vessels Returns to Port of New Orleans

The 7,400-TEU Maersk Kotka arrived at the Port of New Orleanss Napoleon Avenue Container Terminal February 9 signaling the return of the Maersk Vessel service to New Orleans. (Photo courtesy of the Port of New Orleans)

World’s largest carriers part of 2M Alliance offering two weekly services from New Orleans   Maersk Kotka called the Napoleon Avenue Container Terminal on February 9, signalling Maersk Line’s return of vessel service to the Port of New Orleans


UASC Expands in South America

Extension of relationship with local agency partner, Ultramar, marks next phase of UASC’s growing presence in South America

  United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has today appointed The Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. This appointment is the latest milestone in UASC’s expanding


New CEO for Rickmers Maritime

Pic by Rickmers Maritime

Singapore-listed Rickmers Maritime Trust (RTM) will have a new ceo at the helm in June this year. Its CEO Thomas Preben Hansen has resigned from his post.  Soren Andersen, a shipping executive with 17 years of experience at AP Moller-Maersk Group and American President Lines


Maersk Enters Talks for $1.5bln Mega-Boxships Order

Pic by Maersk Line

Maersk Line, a unit of conglomerate A.P. Moeller-Maersk A/S, is reported to be having discussions with Asian shipbuilders over an order for up to 10 container mega-ships worth a total of around US$1.5 billion, according to the Wall Street Journal. 


Philippines and Vietnam Form Maritime Alliance

Vietnams Deputy Prime Minister and Foreign Minister Pham Binh Minh and Philippine Foreign Affairs Secretary Albert F. del Rosario (Pic: The Philippines Department of Foreign Affairs)

Vietnam and the Philippines, which have long-standing territorial disputes in the South China Sea, are forming a strategic partnership, reports the National Interest.  Taipei and Manila have signed an agreement spelling out how to settle future law enforcement problems in the shared


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


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


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






 
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