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Petrobras To Sign Joint Venture With Shell, Mobil And Exxon

Petrobras will reportedly sign an exploration and production contract with the local units of Shell, Mobil and Exxon.


Seaarland, Nordic Tankers Sign Joint Venture

Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon


Britain to Sign Contract for New Aircraft Carriers

Britain is set to sign a long-awaited $7.8b deal to build two aircraft carriers, which will be the Royal Navy's largest ever ships and are set for 50 years of service. The 65,000-ton carriers are said to be called Queen Elizabeth and Prince of Wales and will enter service in 2014 and 2016. The manufacturing contract is going to a consortium that includes a shipbuilding joint venture being set up between two British companies, BAE Systems and VT Group


AlMansoori Joint Venture with Key Energy

AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized Engineering, regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing


Shipbuilding Support from MHI for Sinopacific Newbuildings

Shipyard Sinopacific: Photo credit MHI

Japan's Mitsubishi Heavy Industries and Sinopacific Shipbuilding of China sign joint development agreement MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering business mainly through licensing of technology, while Sinopacific is taking steps to strengthen its shipbuilding business through introduction of technologies from advanced shipbuilders


Eni, Rosneft Sign Oil Supplies Agreement

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Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, has signed a term sheet on mutual crude oil supplies and a heads of agreement on joint participation and investments in logistic and commercial activities within the hydrocarbons sector. Rosneft will supply crude oil to PCK Schwedt refinery in Germany and Česká


Wärtsilä, Hyundai form Joint Venture

Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) signed an agreement to set up a 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (Liquefied Natural Gas) carriers. The total investment in the company will be EUR 58 million, Wärtsilä's share being EUR 29 million. The name of the company will be Wärtsilä Hyundai Engine Company Ltd and the intended location is in South Korea. The technology shift towards dual-fuel machinery in LNG carriers has significantly


Singapore and the Netherlands Sign MOU

The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MOU) with the Directorate-General for Freight Transport (DGFT) of the Dutch Ministry of Transport, Public Works and Water Management. The MOU was signed by Mr Chen Tze Penn, Director-General, MPA and his Dutch counterpart, Mrs Jacqueline Tammenoms Bakker, Director-General, DGFT. The signing ceremony took place on 9 Jul 02 at the headquarters of the DGFT at the Hague, Netherlands.


Drydocks World, BP Renew Partnership

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Drydocks World – Dubai, the flagship ship repair, conversion and new building yard of Drydocks World, has renewed its long-standing association with BP Shipping with the signing of a new Alliance Agreement. According to the Agreement, signed by Nawal Saigal, Managing Director of Drydocks World – Dubai, and Dave Williamson, VP Fleet Operations of BP Shipping, the two companies will work closely to achieve optimum production levels based on mutually agreed terms


U.S., Europe to Strengthen Marine Science Co-operation

NOAA & the European Commission’s Joint Research Centre (JRC) have signed a landmark agreement that will further strengthen cooperative science activities in the areas of climate, weather, oceans and coasts Meeting in Brussels, Belgium, Jane Lubchenco, Ph.D., under secretary of commerce for oceans and atmosphere and NOAA administrator, and Dominique Ristori, director general of the JRC, signed the agreement, which calls for exchanges of personnel


USCG, Australian Leaders Ink Deal

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  Senior leaders from the U.S. Coast Guard and the Australian Federal Police signed a Memorandum of Understanding Friday at U.S. Coast Guard Headquarters to highlight common missions, interests, capabilities, and opportunities for collaboration.


Georgia joins US in Maritime Operation

Pic: Coast Guard Department of the Border Police of Georgia.

 The U.S. and Georgian maritime sectors rolled out new Joint Maritime Operations Center (JMOC), which was built at the Coast Guard Supsa Radar Station on the Black Sea coast, reports Azer News.   JMOC was established under the Coast Guard Department of Georgia's Internal Ministry and


Okeanus to Represent MacArtney Group in Brazil

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Underwater technology provider MacArtney Group has signed an agreement with Okeanus Ltda. to be the group's official representative in the Brazilian market, MacArtney Group announced today. This is the third such deal MacArtney Group has signed in the South American in the last six months


Ghana and US Maritime Forces Collaborate

Pic: Ghana Armed Forces

 The Ghana Armed Forces and the United States Maritime Forces have completed a joint maritime operation, the Africa Maritime Law Enforcement Partnership (AMLEP), as part of the Africa Partnerships Program (APS).   The operation brought together representatives from Ghana’s


Wärtsilä Gensets for Five New Box Ships

Five new COSCO container vessels will be equipped with twenty Wärtsilä Auxpac 32 generating sets. (Photo courtesy of COSCO)

Five new 14,500 TEU container vessels being built for China Ocean Shipping Group (COSCO) will be powered by 20 Wärtsilä Auxpac 32 generating sets. The ships are under construction at the Hudong-Zhonghua Shipbuilding Group yard in China


Vietnamese Shipbuilder Invests in Myanma Shipyard

Image: Dong A Shipbuilding Industry

 Myanma Shipyards will link up with a Vietnamese shipbuilder to form a joint venture company.   The agreement between the Ministry of Transport’s Myanma Shipyards and Dong A Shipbuilding Industry Joint Stock Company is inked.    


Hafnia Tankers Eyes USD 34 Mln to Finance Fleet Additions

Courtesy Hafnia Tankers

Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers. This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment. The vessels are:


MOL JV Ink Deal for 2 LNG Vessels

  Mitsui O.S.K. Lines, Ltd.  announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture also signed a deal with Daewoo Shipbuilding


Singapore, India take stance in South China Sea row

State Visit to India by President of Singapore (Photo by High Commission of India, Singapore)

 India and Singapore asserts its stance in South China Sea saying no threat or force should prevail in the maritime dispute between China and its smaller neighbors like the Philippines, reports Philstar.  Both countries have expressed their official positions in joint statements with


MPA, ClassNK Ink MoU On Ship Safety

Picture: Maritime and Port Authority of Singapore

 The Maritime and Port Authority of Singapore (MPA) and ship classification society ClassNK, have signed a memorandum of understanding (MoU) to enhance ship safety and environmental sustainability.  "With the MOU, the first to be established between MPA and ClassNK


China's VLCC, PetroChina Seals Crude Shipping Deal

Pic by China Merchants Energy Shipping

 China VLCC, a joint venture between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, has signed a two-year crude shipping contract with Dalian-based West Pacific Petrochemical (Wepec), operated by PetroChina.  The contract will be extended by one year with approvals from


OCHA, APEC Ink Deal to train Foreign Dockers

  OCHA, the training center for dock workers in the port of Antwerp, will collaborate with APEC-Antwerp/Flanders Port Training Center to organise joint courses for dock workers and operators from ports in other countries. The new courses will meet the growing demand for specialist training


ClassNK to Research on Brittle Crack Arrest Design

Brittle crack arrest steel on the upper deck and hatch side coaming

  ClassNK announced that it will carry out a joint research project aimed at improving safety standards for ultra-large container ships.   As container ships increase in size, so too does the thickness of the steel that is used. The preventative measures for brittle fracture become


Bomin Linde, Lithuanian LNG Terminal sign MoU

OSLO, Feb 19 (Reuters) - Lithuania's liquefied natural gas import terminal and Germany's Bomin Linde LNG will work together to develop the use of LNG as marine fuel in the Baltic Sea, the terminal's operator Klaipedos Nafta said on Thursday.


BAE Systems Gets $1.3b for New UK Warships

Image: BAE Systems

The U.K. Ministry of Defense has signed a $1.3 billion contract with BAE Systems for equipment to build the next generation of warships for the British navy, Prime Minister David Cameron announced today. BAE Systems has been working on plans to provide Britain with 13 new warships since 2010






 
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