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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


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


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


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


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


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


Harkand Signs Joint Venture in Angola

Photo: Harkand

Harkand has signed a new joint venture agreement with ESOPEG Lda in Angola, its first strategic partnership in the country and third in the region as the global inspection, repair and maintenance (IRM) company continues to strengthen its capabilities across West Africa.   The newly formed company Harkand Angola Lda, based in Luanda, will focus on the development of local IRM capabilities and services in country


Qatargas, RWE Ink SPA Deal for LNG Deliveries

Al Hamla Q-Flex Photo Qatargas

Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North


Keppel, Shell form Singapore LNG Bunkering Joint Venture

Keppel Corp Ltd said it entered into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore.   The two companies will have a 50 percent stake each in the joint venture


Keppel, Shell Form JV for Singapore LNG Bunkering

Photo: Keppel Corporation Limited

 Keppel Corp Ltd has entered into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore, says a report in Reuters.   The two companies will have a 50 percent stake each in the joint venture


Ardent and Ardentia Join Forces

In August 2015, Ardent and Ardentia performed a deep sea oil removal by means of deploying subsea recovery domes and oil receiving tanks operated by remote operated vehicles (ROV) from a diving support vessel. (Photo: Ardent)

The Iberian connection: Ardent and Ardentia join forces   Global maritime services firm, Ardent, and Ardentia Marine Group, a Spanish salvage, engineering and commercial diving company, have formally partnered for future operations following the signing of a cooperation agreement in June


Frontline JV Creates Suezmax Vessel Fleet

A so-called SuezMax tanker transits the Suez Canal (credit: Suez Canal Authority)

Frontline Ltd. has announced the formation of Suezmax Chartering, a commercial joint venture with Diamond S. Shipping LLC and Euronav NV. The aim of the joint venture is to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmax vessels


ATCM Reaffirm Commitment to Ban on Mining in Antarctic

Image courtesy ATCM

The 29 countries party to the Antarctic Treaty unanimously agreed today to a resolution at the 39th Antarctic Treaty Consultative Meeting (ATCM) stating their “firm commitment to retain and continue to implement…as a matter of highest priority” the ban on mining activities in


BP-Prumo's NFX Starts Importing Maritime Diesel to Brazil's Acu Port

Photo: Prumo Logistica

NFX, the joint venture between oil company BP and port operator Prumo Logistica, has begun importing maritime fuel to the Brazilian port of Acu, the company said in a statement on Tuesday.   NFX said its first shipment arrived on June 3 and it expects to import 4


K Line Expands Use of ClassNK CMAX LC-A

“K” Line Ship Management (Singapore) Pte Ltd has selected ClassNK Consulting Service’s machinery condition monitoring and automatic diagnostic system ClassNK CMAXS LC-A for use on one of its container vessels, marking the first commercial application of the software.  


S.Korea, UN Join Patrols to halt Illegal Chinese Fishing

South Korea and the U.N. Command, which overseas the Korean War armistice, said on Friday they had begun a joint operation to keep Chinese fishing vessels from operating illegally off the west coast. The move comes after South Korean fishermen


Braemar Shipping Exists ICON JV

Pic: Braemar Shipping Services

 Braemar Shipping Services PLC on has terminated its involvement in the ACM ICON Shipping DMCC venture, announcing the sale of its 50% stake to its joint-venture partner Icon Chartering Ltd, says a report by Alliance News.   Braemar  said it has determined the venture is no longer


Arctic Stakekholders Convene for Historic Forum

(U.S. Coast Guard photo by Patrick Kelley)

Leaders representing all eight coast guard agencies of the Arctic nations met to sign a joint statement establishing the framework for a multi-year strategic plan for the Arctic Coast Guard Forum.   The Arctic Coast Guard Forum is an operationally-focused, consensus-based organization


Oman Signs Pacts with Ship Classification Bodies

Photo:  Ministry of Transport and Communications

 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


Fincantieri, Rosneft Partner for a New Ship

During the 20th St. Petersburg International Economic Forum, Fincantieri and Rosneft signed a Heads of Agreement for the formation of a joint venture focused on design and engineering of a new type of vessel to be built at the Zvezda shipbuilding complex


Southeast Asian Nations Designate Safe Shipping Corridor

Indonesia, Malaysia and the Philippines on Monday agreed to designate a transit corridor for commercial vessels crossing a maritime zone hit by a spate of hijackings by Islamist militants in the southern Philippines. Nearly 20 Indonesian and Malaysian tugboat crew have been kidnapped by the Abu


Rosneft, Pietro Barbaro JV Enters Global Shipping Markets

Photo: Pietro Barbaro

 Russia's Rosneft and Italy's shipping company Pietro Barbaro have agreed to jointly develop international sea freight operations, as the oil group has been aiming to expand its shipping business.   Rosneft (represented by RN-International projects) and Pietro Barbaro S.p.A






 
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