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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

Eni, Rosneft Sign Oil Supplies Agreement


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

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.

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

Drydocks World, BP Renew Partnership


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

P&O Maritime Rebranded Repasa

Vessels from the Repasa fleet in action. Courtesy DP World

  P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry.   P&O Repasa will become the official brand of the joint venture which has expanded its fleet in the offshore towage

Putin Says Eyes Trade Boost with Iran

Vladimir Putin had talks with President of Iran Hassan Rouhani in Tehran. (Photo: President of Russia)

Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran.   Putin, speaking at joint briefing with Iranian President Hassan Rouhani, also said there are plans to create a free trade zone between the

SCCT Prepares to Boost Vessel Traffic with 24-hour Access

Photo by APM Terminals

 A formal signing ceremony will now enable vessels to transit to Port Said East through a new side channel to be constructed bypassing the Suez Canal’s main entrance.   Vice Admiral Mohab Mamish, the Head of the SCA, formally approved the construction of a new 9

DP World, SCA Pact for Ain Sokhna Port Development

Photo: DP World Sokhna

 Suez Canal Authority (SCA) and the Red Sea Ports Authority signed an agreement with Dubai Ports World (DP World) and Sonker Bunkering Company for the development of Egypt’s Ain Sokhna seaport, reports Egypt Independent.   The signing of the deal comes in line with directives by

Huge Saudi Sadara Project Signs Deals for Storage, Port Services

King Fahd Industrial Port

  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.

U.S: No ASEAN South China Sea Consensus is Telling

The inability of a forum of Southeast Asian defence ministers to agree on a joint statement at the end of a forum on Wednesday reflects their concern about China's activity in the South China Sea, U.S. Defense Secretary Ash Carter said. "It was clearly an issue of discussion and an issue

Singapore to Develop Maritime Ports in Egypt

Image: PSA Singapore

 The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post.  

Chinese Naval Ships Dock in US

People welcome the Chinese naval fleet at the United States Naval Station Mayport. Photo: Xinhua

 Three Chinese naval vessels have arrived at a US Naval Station Mayport in Jacksonville,  in the US state of Florida, reports Xinhua.   The "goodwill" visit will help build trust and increase understanding, according to the Mayport Public Affairs Office

Global Terminal Operators Go Green

Photo: APM Terminals

 Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals

APM Terminals Pact with Qingdao Port

Left to right: Standing:  APM Terminals CEO Kim Fejfer and Qingdao Port Group Chairman Zheng. Seated: APM Terminals CFO Henrik Lundgaard Pedersen and Wang, Head of Business Development for Qingdao Port Group. Photo: APM Terminals

 Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project.    Terms and investment amount were not disclosed. The MOU will create a new joint venture to invest in and

Svitzer Asia Formers Towage JV in Qingdao Port

 Qingdao Port International Co., Ltd and Svitzer Asia last signed a joint venture agreement last week in an effort to pool resources for future growth, establishing Qingdao Port Svitzer Towage Ltd to operate and manage towage services in the port.  

Townsville Port, IPC Sign MoU

Courtesy Port of Townsville.jpg

 Northern Australia’s largest general cargo port, the Port of Townsville, will today sign a historic Memorandum of Understanding (MOU) with PT Pelabuhan Indonesia II (Persero) or the Indonesia Port Corporation (IPC).   

Singapore Recognises 53 Ships Under Green Ship Programme

Image by Government of Singapore.

 The Maritime and Port Authority of Singapore (MPA) today recognised another 53 Green Ships from 41 companies that have qualified for the Green Ship Programme (GSP) at the Third Singapore Registry of Ships Forum (SRS Forum).   The GSP encourages Singapore-flagged ships to reduce carbon

Klaipedos Nafta and Port of Helsingborg Sign LNG Deal

Image: AB Klaipėdos nafta

 Lithuania’s Klaipedos Nafta has signed a deal with the port of Helsingborg to cooperate on the HEKLA – Helsingborg & Klaipeda LNG infrastructure facility deployment project (HEKLA).   Klaipedos Nafta has also signed a Memorandum of Understanding (MOU) with the Spanish

USCG Offload $ 17 Mln Cocaine

A Coast Guardsman offloads cocaine at Coast Guard Sector Miami Beach, Fla., Nov. 20, 2015. The HNLMS Friesland, an offshore patrol vessel from the Royal Netherlands Navy, interdicted a go-fast vessel with four suspected smu

  Coast Guardsmen on the Coast Guard Cutter Bernard C. Webber offloaded approximately 515 kilograms of cocaine interdicted in the Caribbean Sea as part of Operation Caribbean Venture worth an estimated wholesale value of $17 million at Coast Guard Base Miami Beach, Florida, Friday.

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