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 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
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 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.
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareholding in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas industry in Russia. The purchaser has already obtained the necessary approval of the Federal Antimonopoly Service of the Russian
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 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
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
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
Saudi Arabia's Sadara Basic Services, fully owned by Sadara Chemical Co, has signed agreements covering storage facilities and port services, it said on Sunday as the firm prepares to start producing petrochemicals by the end of this year. Sadara Chemical is a $20 billion petrochemical joint venture between national oil giant Saudi Aramco and U.S. firm Dow Chemical. The partners have said the venture will go ahead on schedule despite slumping global oil and petrochemical prices.
The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- signed an agreement for establishing a joint company.
Novatek, Russia's second biggest gas producer, said on Friday it had signed agreements with Japan's Mitsui & Co, Mitsubishi Corp and Marubeni Corp to cooperate in liquefied natural gas and other energy sectors. Japan, lacking fuel resources
The following memorandum of understanding (MOU) and Agreements have been signed by India with foreign countries during the last two years for the development of ports and manufacture of ships in the country:- (i) Memorandum of Understanding between the Government of the Republic of
Student exchanges, faculty collaborations and programmatic partnerships are now possible between the United States’ SUNY Maritime College and Svendborg International Maritime Academy in Denmark. The two institutions earlier this month signed a memorandum of agreement that will pave the
RigNet and MODEC Sign Agreement to Deliver Fiber-equivalent O3b Satellite Connectivity to Offshore Brazilian FPSO Fleet O3b Networks, technology solutions company RigNet and floating production service provider MODEC, entered an agreement to provide high-throughput
Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project, including the ordering of critical equipment with long lead time.
Oman’s Ministry of Transport and Communications (MoTC) has signed agreements with three ship classification societies for small ships that do not abide by international treaties, said a report in Times of Oman. The agreements were signed with the British (Lloyds Register of
India will on Monday sign a commercial contract with Iran to build and run a strategic port on Iran's southern coast, the Indian government said on Friday, to help it gain a foothold in Iran and win access to central Asia and Afghanistan.
China Energy Transport Co., Ltd. (China VLCC) has sold two secondhand VLCCs to an unrelated third party for a total price of $117.5mln. China VLCC is 51 percent owned by China Merchants Energy Shipping (CMES) and 49 percent owned by Sinotrans & CSC Group.
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports
Saudi Arabia and Egypt have signed agreements to specify maritime borders, a cabinet statement said on Saturday, allowing both countries to benefit from maritime zones that were previously untapped. The agreement was signed during Saudi Arabia's King Salman visit to Egypt during which several
Following on a March 2015 agreement and a memorandum of agreement last December, Fincantieri, a leader in cruise ship design and construction, and Carnival Corporation & plc, the world’s largest cruise company, have finalized contracts for the construction of five next-generation
Petrobangla has signed an agreement with Excelerate Energy Singapore Pte Ltd to establish a floating storage and re-gasification unit (FSRU) at Maheshkhali to facilitate the supply of 500 mmcfd imported liquefied natural gas to the country.
The Massachusetts Port Authority (Massport) Board today voted to approve to execute a Project Partnering Agreement with the U.S. Army Corps of Engineers (ACOE) and MassDOT to start the Boston Harbor Dredging Project. A signed agreement allows the ACOE to bid contracts for construction on a
Carnival Corporation & plc has received Cuban approval to begin travel to Cuba starting on May 1, 2016. This, following U.S. authorization granted in July 2015, clears Carnival Corporation to operate the 704-passenger MV Adonia to Cuba through its newest brand Fathom