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Wolong Signs Agreement

Singapore-based Wolong International has announced the signing of a licensing agreement with Fr. Fassmer Gmbh of Germany for the production of Wolong (Fassmer Licensed) totally enclosed lifeboats. The agreement, signed on October 1, 2001, serves to synergize the West and East. Production of the Wolong lifeboats is to b e carried out in China and is expected to commence within the month. Fassmer with this agreement will be providing the technical support to Wolong International in upgrading and improving the quality of its lifeboats.


FastShip Signs Cargo Agreement

FastShip has signed agreements for wholesale cargo commitments with international freight forwarders AEI Circle International, GeoLogistics and MSAS Global Logistics. The agreements state that the shipping companies must commit to purchase future cargo space on the company's high-speed trans-Atlantic service on a "take-or-pay" basis upon service commencement in 2003. The agreements closely follow the commitment by the French government to establish Cherbourg as the European hub for FastShip's


China Shipping to Pay $293M for Eight Tankers

According to a Nov. 29 report from Bloomberg, China Shipping Development Co., the dry-bulk arm of the nation’s second-biggest shipping group, signed agreements to purchase eight 48,000 dead weight ton tankers for a combined $293m. The tankers are expected to be delivered from July 31 through Dec. 31, 2012. (Source: Bloomberg)


Odfjell Orders Six Chem Tankers

Odfjell signed agreements with the Chuan Dong Shipyard to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers for delivery in 2010-2012 at a total price of $180 million. These ships will operate in our regional trades in Asia and Europe, and will replace smaller vessels currently trading in these areas.


Ship Managers, PVEC, Look to Eco-Cruise Market

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Global shipping management company, PV Enterprises International, Inc. (PVEC), has provided an update to its shareholders & the investment community on the next phase of its business plan and enhanced corporate strategy, as follows: "We realized people are the most profitable cargo," said Mr. Peter Villiotis, CEO of PVEC.  "We are very excited about our focus on tourism in undeveloped areas


Estonia signs agreement with Primar Stavanger

Estonia signs agreement with Primar Stavanger Primar Stavanger, the international Electronic Navigational Chart (ENC) center operated by the Norwegian Hydrographic Service, has recently signed a cooperation agreement with Estonia. The center now covers more than 80 percent of all ENCs available in Europe, reports marketing manager Rune H. Johnsen at Primar Stavanger. Estonia has already made 31 ENCs available, which indicate that the whole coast of this Baltic state is covered


Australian Maritime Security Deal Signed

Reports indicate that Australian Attorney General, Philip Ruddock, today signed agreements to enhance maritime security and counter-terrorism. Ruddock, in London as part of a week-long visit to Europe to discuss security issues, signed the security protocols at a meeting with the secretary general of the International Maritime Organization (IMO), Efthimios Mitropoulos. He said they would significantly strengthen international efforts to counter terrorist threats to maritime security and


Cummins Mid-South, Algae-X Sign Agreement

Algae-X International is pleased to announce its distribution agreement with Cummins Mid-South LLC. Cummins Mid-South is the Cummins Engine Distributor operating distribution centers throughout the States of Louisiana, Mississippi, Arkansas and Western Tennessee. Calvin B. Klotz, vice president of the Marine Division plans to integrate Algae-X Fuel Conditioners into the fuel systems for new engine packages, and to retro-fit Algae-X units into existing engine installations for Marine


Maritime Administrator and SeaRiver Maritime Sign Agreement

Maritime Administrator Sean T. Connaughton and Will Jenkins, president of SeaRiver Maritime, Inc., today signed an agreement that will open up international experience opportunities for American maritime academy cadets. The training and experience cadets receive will give them more employment opportunities worldwide after they graduate. The public-private partnership represents a formal agreement to provide sea tours for maritime academy cadets onboard vessels trading internationally


Hapag-Lloyd Chooses Nigeria, Ghana Partners GAC

Hapag Lloyd GAC Group: Photo courtesy of Hapag LLoyd

Liner shipping company Hapag-Lloyd has signed agreement for GAC Group to handle its vessels in Nigeria and Ghana Leading global liner shipping company Hapag-Lloyd has signed an agreement with the GAC Group to handle their vessels calling at ports in Nigeria and Ghana. Under the deal, GAC will act as full liner agents for Hapag-Lloyd, actively selling its liner services in the region, as well as providing a range of shipping agency and complementary services for its fleet.


Kenyan Protesters Block Mobassa Port Highway

Protesters in Kenya blocked truckers on the only highway from Mombasa port to the capital Nairobi on Friday, threatening to choke the main trade artery with much of east Africa. More than two hundred residents in Voi, a town located 142 km (89 miles) inland from Mombasa


MAN's PrimeServ Clinches DOF Service Deal

 Pictured at the signing ceremony: (standing, from left) Mikael Adler – Managing Director, MAN Diesel & Turbo, Norway; Serghei Nastas – MAN PrimeServ O&M Sales Manager; Dr. Stephan Timmermann – Member of Executive Board, MAN Diesel & Turbo; Stefan Eefting – Vice President, Head of MAN PrimeServ; (seated, from left) Lars-Heine Njåstad – Chief Procurement Officer, DOF; and Wayne Jones – Senior Vice President, Head of MAN PrimeServ Diesel

SMM signing ceremony commits DOF to five-year Framework Service Agreement At a signing ceremony at SMM, the international marine trade fair in Hamburg, MAN PrimeServ, MAN Diesel & Turbo’s service division, signed a service framework agreement with DOF ASA


Chevron Announces Alliance with Petrol Ofisi

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Chevron has signed agreements with the fuel products distribution and lubricants company of Turkey, Petrol Ofisi in Istanbul, that will result in improved supplies of marine lubricants to ship operators and managers operating in Turkey. This alliance covers production


Wärtsilä Signs Harvey Gulf OSV Maintenance Agreement

Harvey Gulf LNG fueled OSV: Photo Wärtsilä

Wärtsilä says it has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC (Harvey Gulf). This five-year agreement covers Condition Based Maintenance & Dynamic Maintenance Planning for 8 offshore supply and multi-purpose support vessels – 6


Kirby Reports Record Q2 2014

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Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.   2014 third quarter earnings per share guidance range of $1.30 to $1.40 compared with $1


Ardmore Shipping Secures Newbuilding Finance

Ardmore Shipping tankship: Photo courtesy of the owners

Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB"). The total amount available under the facility has been increased by $53 million to $225


Sovcomflot Extends Cooperation with Sakhalin Energy

Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. have signed a contract for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve


OMV & Gazprom to Build South Stream in Austria by 2016

Alexey Miller, Chairman of Gazproms Management Committee

  Alexey Miller, Chairman of Gazprom's Management Committee and Gerhard Roiss, Chief Executive Officer of OMV inked a Shareholders Agreement for the South Stream Austria joint project company. The document was signed in Vienna today during a visit by Russian President Vladimir Putin to the


Seaspan Signs MOAs With Guild & ILWU, Strike Averted

Chief Executive Officer Seaspan -

  North Vancouver, BC — Jonathan Whitworth, Seaspan CEO, announced today that it has signed agreements with both the Canadian Merchant Service Guild (the Guild) and International Longshore Warehouse Union (ILWU) Local 400 to enter into binding arbitration/mediation.


Polish PM Calls For EU Energy Union To End Dependence On Russian Gas

Polish Prime Minister

  The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy makes Europe weak, Poland's Prime Minister Donald Tusk wrote in an article in the Financial Times.


Keppel Extends Strategy into China

Company signs agreement to manage a shipyard in Quanzhou, China.   Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petrochemicals Group Limited (Titan) - a company in which


Aage Hempel to Equip 10 New PSVs

Photo courtesy of Aage Hempel

Aage Hempel, a company in worldwide merchant marine electronic service and focused on 24/7 maritime sales and service, signs agreement for the delivery of navigation and communication equipment included Integrated Bridge System from Kelvin Hughes with Shipyard De Hoop in Lobith


Scorpio Bulkers Continue to Think Big with New Orders, Charters

Photo courtesy of Scorpio Bulkers

Monaco-based Scorpio Bulkers Inc. says it has signed agreements to purchase 5 Capesize dry bulkships from South Korea shipyards for a total of US $306 million, and has entered into charter party contracts as set out below: Newbuildings Yard         &n


Kirby Corp. Order Additional 29 Large Tank Barges

Image courtesy of Kirby Corp.

Kirby Corporation, based in Houston, Texas, the nation's largest domestic tank barge operator, informs it has signed agreements for the construction of 29 additional 30,000 barrel inland tank barges with a total capacity of 830,000 barrels for delivery throughout 2014


Siem Offshore in New Offshore Well Intervention Vessels Deal

MODU vessel rendering courtesy of Siem Offshore

Siem Offshore Inc. say they have signed agreements with Helix Energy Solutions Group, Inc. to provide 2 well-intervention vessels which will be owned by Siem Offshore and chartered by Helix for an initial period of 7 years, with options that can extend the charter periods up to 22 years.






 
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