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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


Malaysian Submarine Maintenance Contract to Boustead DCNS

Image: DCNS Naval Corporation

 The Malaysian government has signed a new contract with Boustead DCNS Naval Corporation (BDNC) for through-life support for the two 2000 type Scorpene submarines of the Royal Malaysian Navy, based at Kota Kinabalu, Sabah.   


Porter, Anzio in Scotland for Biggest Joint Warrior

Sailors secure an MH-60R Sea Hawk helicopter attached to the Vipers of Helicopter Maritime Strike Squadron (HSM) 48 to the flight deck of the guided-missile destroyer USS Porter (DDG 78). Navy photo by Ryan U. Kledzik

  Ships assigned to Destroyer Squadron (DESRON) 26 pulled into Faslane, Scotland, ready to commence Exercise Joint Warrior 15-1, April 9. DESRON 26 arrived in Faslane with guided-missile cruiser USS Anzio (CG 68) and guided-missile destroyer USS Porter (DDG 78)


Gazprom, Total for Joint Exploration in Bolivia

Patrick Pouyanne (center)

The Gazprom headquarters hosted today a meeting between Alexey Miller, Chairman of the Company's Management Committee and Patrick Pouyanne, Chief Executive Officer and President of the Executive Committee of Total, to address the core issues of the bilateral cooperation on the current status of


Royal IHC Launches Sister Pipelay Vessels

Photo: Royal IHC

Netherlands-based Royal IHC today named and launched new pipelaying sister vessels, Sapura Jade and Sapura Ônix, in ceremonies at the company’s shipyard in Krimpen aan den IJssel, The Netherlands.   Sapura Jade’s naming was performed by Belle de Bruin


Norway Supports Statoil, Rosneft JV

Photo pixabay.com

  Norwegian authorities have given the Stavanger-based energy giant Statoil the go-ahead on joint projects with Rosneft, a Russian oil titan that was the target of Western sanctions in 2014. Statoil and Rosneft previously agreed on four projects to explore and produce oil on the Russian


China Strengthens Maritime Ties with Pak

Image: Chinese Peoples Liberation Army (PLAN)

 The Vice Chairman of China's Central Military Commission General Fan Changlong has pledged to deepen maritime security and military technology cooperation during his meeting with the Pakistan Navy Chief Muhammad Zakaullah.   Zakaullah said that Pakistan Navy and Chinese Navy are


USNS Spearhead Delivers Materials to Ghana Charities

  The U.S. Navy’s joint high-speed vessel USNS Spearhead (JHSV 1) delivered wheelchairs and medical supplies to Ghanaian non-governmental organizations March 26, 2015. The materials were delivered under the U.S. Navy’s Project Handclasp program, which accepts humanitarian


Ship Fix: Radio Holland Wins Ahrenkiel Steamship Deal

Ahrenkiel Steamship GmbH & Co. KG and Radio Holland Germany GmbH, part of Imtech Marine, have agreed a long-term maintenance agreement for the entire Ahrenkiel Steamship fleet, which comprises nearly 60 vessels. Based in Hamburg, Ahrenkiel Steamship Group is a leading


MARIN, Cruden, Tree C Technology Forge Small Ship Simulator

Photo courtesy of FSSS

Severe vibrations and shocks of up to 9G over an average of 1000 hours per year. That’s what instructors of fast small ships such as the Fast Raiding, Interception and Special Forces Crafts (FRISC) currently have to endure. But that will soon become a thing of the past


DP World to Develop Maldives Ports

Photo: DP World Jebel Ali

 Dubai-based port operator DP World has signed an agreement with the Maldivian government to develop the archipelago’s ports and logistics industry.    Maldives' tourism minister, Ahmed Adeeb told local media this week about the development of a deep-water port on the


Donjon-SMIT Relocating to Houston

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Alexandria, VA- Donjon-SMIT, the unique provider of Oil Pollution Act of 1990 (OPA 90) Salvage and Marine Firefighting (SMFF) services established by Donjon Marine Co., Inc. and SMIT Salvage Americas, Inc. will be moving its company headquarters from Alexandria, VA to Houston, TX


North Korea Declares No-Sail Zone

North Korea has declared a no-sail zone for its ships off its east coast, South Korean media reported on Monday, suggesting more missile launches are possible before the U.S. defence chief visits Seoul this week. Pyongyang fired four short-range missiles off its west coast on Friday in what


Iran and India to Revive Shipping Joint Venture

Image by Islamic Republic of Iran Shipping Lines

 Irano Hind Shipping Company, a joint venture between Shipping Corporation of India (SCI) and Islamic Republic of Iran Shipping Lines (IRISL) which was dissolved in the face of the US-led anti-Iran sanctions, could be revived, reports Livemint.  


SCI Signs MOU with Govt of India

Shipping Corporation of India has   signed MOU  with Ministry of Shipping for the year 2015-2016

  Public sector firm, the Shipping Corporation of India (SCI), which is india's largest shipping company has signed MOU with Ministry of Shipping (MOS), Government of India for the year 2015-2016 The Memorandum of Understanding between SCI and Ministry of Shipping  for the year 2015


China, Vietnam to Look Beyond Sea Disputes

Chinese President Xi Jinping and Vietnamese General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. Photo Credit: China.org.cn

 Vietnamese Communist leader Nguyen Phu Trong and Chinese President Xi Jinping agreed to make joint efforts to manage the South China Sea row.   Both countries agreed to friendly negotiations, and the possibility of joint development projects to settle their differences over the






 
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