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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


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


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


Iran, Switzerland Sign Mou On Shipping

Photo: Iran - Switzerland Chamber of Commerce

 The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation, Irna reported.   Iran’s Ministry of Roads and Urban Development in a statement said an agreement had been signed with the MSC by means of which the global shipping giant will increase calls to Iran’s Bandar Abbas, Chabahar and Bandar Imam ports.   


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


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


Georgia, South Carolina Ports Advance Joint Venture

The Georgia and South Carolina Ports Authorities have signed a new joint venture agreement that provides framework for the two states to work cooperatively toward the development of the Jasper Ocean Terminal (JOT), which will be jointly owned and operated by both port authorities.   The updated agreement governs the permitting and planning process for the JOT, including the development of terminal design and supporting infrastructure, plans for financing


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


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.


Rolls-Royce Signs MoU to Develop Smart Ships

Photo courtesy of Rolls-Royce

Rolls-Royce and the Technology Center for Offshore and Marine, Singapore (TCOMS) have signed a Memorandum of Understanding to form a strategic partnership to develop smart ship technologies.    The partners will work on world leading research to develop fundamental technologies


Singapore Approves Japan Shipping JV

Photo: Kawasaki Kisen Kaisha

 The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines.   Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK)


Top LNG Buyers Form Alliance to Push for Flexible Contracts

© akiyoko / Adobe Stock

The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers.   Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of understanding in mid-March with


Rotterdam Port Signs MoU with Brazilian Port of Pecém

Map: The port of Rotterdam

 Port of Rotterdam signs a ‘memorandum of understanding’ (MoU) with the State Government of Ceará with the purpose to jointly study a potential cooperation. This may lead to the joint venture Industrial Port Complex of Pecém.  


CSSC, Wärtsilä Form Electrical & Automation Joint Venture

The new joint venture company agreement is signed by Yang Guobing, Chairman of CSSC Electronics Technology Co., Ltd, Ma Yunxiang, Vice chief Economist, Director of Planning and Development Department, CSSC and Stephan Kuhn, Vice President, Electrical & Automation, Wärtsilä Marine Solutions. (Photo: Wärtsilä)

Technology group Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A)


Norsafe to Equip Australia's New Polar Research Ship

Photo: Damen Schelde Naval Shipbuilding

Norsafe said it has signed a contract with Damen Schelde Naval Shipbuilding BV to supply IMO Polar Code compliant Life Saving Appliances (LSA) to an arctic supply and research vessel for the Australian Antarctic Division.   Norsafe will supply two JYN-85 conventional lifeboats with LH-140


Indian Navy Concludes Tropex 2017

Photo: Indian Navy

 The Indian Navy’s Annual Theatre Level Readiness and Operational Exercise (TROPEX 17) was conducted on the Western Seaboard from  24 Jan 17 till 23 Feb 17.    The month long exercise saw participation of over 45 ships from both the Western and Eastern Naval Commands of


St. Louis Regional Freightway, New Orleans Port Sign MoU

Brandy D. Christian (Right), President and CEO of the Port of New Orleans, and John M. Nations, President and CEO of Bi-State Development, sign an MOU Feb. 23, 2017 at the Port Administration building between the Port and the St. Louis Freightway. Photo Port of New Orleans

The Board of Commissioners of the Port of New Orleans and the St. Louis Regional Freightway today entered into a Memorandum of Understanding (MOU) to exchange market and operational information with the goal of growing trade and building upon existing and new business relationships between the two


New Sat Comms Expert for the Greek and Cypriot Markets

Marlink has signed an agreement to enter into a joint venture with the satellite connectivity business of Greece and Cyprus based TNL Group, enabling it to launch a brand new maritime satellite communications expert, Marlink CG. Delivering a wide portfolio of innovative Marlink VSAT (Very Small


Carnival Orders Two Cruise Ships for China

Photo: Fincantieri

Fincantieri, China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc signed a binding Memorandum of Agreement (MoA) for the construction of two cruise ships, with an option for additional four, the first units of the kind ever built in China for the Chinese market.  


Mississippi Ports Eye Cuba, Ink Pacts in Havana

The Mississippi ports of Pascagoula and Gulfport signed agreements in Cuba on Monday with an eye to future business and with a Republican U.S. senator from the state looking on, despite concerns President Donald Trump might backtrack on improved relations.  


Hyundai Global Services Enters into Eco-friendly Ship Services Business with KSS Line

Gas Star, 84,000cbm LPG carrier of KSS Line. The ship is going to be the first among KSS Line’s fleet to be retrofitted with Exhaust Gas Cleaning System. Photo: Hyundai Global Services

 Hyundai Global Services (HGS), Hyundai Heavy Industries’ (HHI) newly spun-off company specializing in providing total marine services announced today it signed an MOU with KSS Line, a Korean shipping company, for entering into eco-friendly ship business.  


Blue Water Ventures JV with Under Marine Group

Blue Water Ventures International, Inc. Announces the Creation of Blue Water Treasures, Inc. Photo: Blue Water Ventures International

 Blue Water Ventures International, a historic shipwreck research and recovery company, has entered an agreement with Under Marine Group to joint venture on future deep water wreck sites located in and around the waters of Great Britain and the Caribbean.   


Boskalis JV wins Santos Port dredging contract

Construction and maintenance of port Photo by Royal Boskalis Westminster N.V.

Royal Boskalis Westminster N.V. (Boskalis) and joint venture partner Van Oord have been awarded a contract by The Brazilian Ministry of Transport, Ports and Civil Aviation for the capital and maintenance dredging of the port of Santos, the largest port of South America


Norway to Buy Submarines from Germany

HDW Class 212A Sub. Photo: ThyssenKrupp Marine Systems GmbH

 Norway plans to buy four submarines and Germany two in a bid to strengthen strategic partnership, says a report in Reuters.   Defence Minister Ine Eriksen Soreide confirmed that the the government plans to invest in four new subs from Thyssenkrupp (TKMS).   






 
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