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 - 2016 was signed on 27th March 2015 at New Delhi by Mr. Rajive Kumar, Secretary (Shipping), MOS and Shri Arun Kumar Gupta, C&MD, SCI. Mr. Alok Srivastava, Additional Secretary, MOS and Capt. Yogesh Puri, Regional Gen. Manager, SCI were also present on the occasion. When asked for details of the MOU, Mr A. K. Gupta stated, "The MoU signed between SCI and Ministry of Shipping can not be made public but it broadly contains Financial and non Financial targets. The Financial parameters are related to growth, profitability and efficiency. As for the Non Financial parameters these have targets related to R&D, HRM, Projects, Productivity, Quality etc."
Mitsui & Co., Ltd., reached an agreement with Petrobras (Petroleo Brasileiro S.A.) to jointly carry out a feasibility study for promoting the production of bio-ethanol and related products in Brazil and for the marketing of such into the international market. The Memorandum was signed on April 10. Bio-ethanol is deemed to be an effective renewable fuel for the purpose of achieving the goals stipulated in the Kyoto Protocol, reduction of Green House Gas
American Bureau of Shipping has signed a Memorandum of Understanding (MOU) with Military Sealift Command (MSC) of the U.S. Navy. The document outlines and formalizes the processes and procedures used in the survey and classification of all MSC U.S. Government-owned vessels. Totaling more than 100 vessels, the MSC fleet is composed of non-combatant vessels such as tankers and cargo ships that support sealift, fleet and special mission operations of the U.S. Navy
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co., Ltd., Japan, and the purchase price is US$26.5-million. The vessel is expected to be delivered to Diana Shipping at the end of January 2013. Separately, the Company also announced that it signed, through two separate wholly owned subsidiaries
ConocoPhillips and Qatar Petroleum International (QPI) announced that the two companies have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar. The MOU was signed on behalf of QPI by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, and by James J. Mulva, ConocoPhillips chairman and chief executive officer
Curacao Ports Authority NV (CPA) signed a Memorandum of Understanding with Nederex BV. (Nederex) and B.V. Damen Shipyards Gorinchem (Damen) on April 30. Damen Shipyards and Nederex are engaged in ship repair and the provision of maritime services. Last year CPA and Nederex signed a concession agreement with regard to the activities of Nederex within the St. Anna Bay, from an area which is managed by CPA. "This cooperation is an important step in the right direction
Thirteen NATO nations signed a Memorandum of Understanding (MoU), paving the way for the creation of the Combined Joint Operations From the Sea (CJOS) Center of Excellence (CoE) at Allied Command Transformation (ACT) headquarters in Norfolk, Va., May 31. Allied Command Transformation is one of NATO’s two strategic-level headquarters and is NATO’s forcing agent for change, leading the continuous improvement of Alliance capabilities to uphold NATO’s global security interests.
SapuraKencana Petroleum Berhad (SDRL) & Seadrill Limited sign MOU to integrate their tender rig businesses. The new and restructured tender rig business will mark a new phase of cooperation between the two companies. The enlarged tender rig business under SapuraKencana will comprise, 16 tender rigs in operation (including the KM1 rig currently owned by SapuraKencana), 5 of which are already 51%-owned and managed through its existing joint-venture with Seadrill in Varia
VT Shipbuilding and Netherlands company Merwede Shipyard - have signed a Memorandum of Understanding to work together on naval warship procurement programmes outside the UK. The agreement will see the pair combine their expertise in design and manufacturing to address programmes around the world. VT Shipbuilding, part of the support services and shipbuilding company VT Group, is one of the world’s premier builders of naval vessels
The U.S. Department of the Interior's Minerals Management Service (MMS) signed a Memorandum of Understanding (MOU) with the USCG specifying which agency will be responsible for certain aspects of oil and natural gas exploration, development, production, and transportation activities on the Outer Continental Shelf (OCS). The MOU identifies 27 areas of responsibilities for both agencies. For example, MMS will be responsible for most drilling and production matters, pipeline operations
Development of Inland Water Transport is a priority of the Ministry of Shipping. After the declaration of 106 new National Waterways, in addition to the existing 5 National Waterways, under the National Waterways Act, 2016, the responsibilities of Inland Waterways Authority of India (IWAI)
Four Baltic Sea ports, namely Estonia’s port of Tallinn, Swedish ports of Stockholm and Finland’s ports of Helsinki and Turku, signed a Memorandum of Understanding (MoU) aiming for a common approach for a new onshore power supply for vessels.
GEA and A&P Group have signed a Memorandum of Understanding (MoU) regarding a cooperative partnership for the promotion of the ballast water treatment system GEA BallastMaster marineX at the marine trade fair SMM in Hamburg, Germany. The MoU with A&P Group covers the complete requirement
The world’s largest shipping alliance 2M partners - Maersk Line and Mediterranean Shipping Co (MSC) - have been quick to offer shippers an alternate service on the transpacific trade in the wake of Hanjin Shipping’s collapse.
Port Everglades and the Panama Canal Authority (ACP) have renewed their long-standing Memorandum of Understanding (MOU) to promote trade opportunities for another five years. This renewal will extend their strategic alliance to 2021. The MOU solidifies both entities' dedication to growth and
Global trade enabler DP World and the Summa Group, a diversified business with significant infrastructure investments in Russia, have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian
Six (6) countries (Bahrain, Kuwait, Qatar, Saudi Arabia, Oman and UAE) of the Riyadh MoU in the Gulf Region are planning the following PSC Concentrated Inspection Campaign (CIC); Focus of CIC: Pilot Transfer Arrangement CIC period: From 1 September 2016 to 30 November 2016
South Korea’s Kogas (Korea Gas Corporation) has signed a memorandum of understanding (MoU) with the Mexican state of Yucatan to construct an liquefied natural gas (LNG) terminal and gas pipelines that would be worth up to $1.5 billion in a package deal.
This year’s concentrated inspection campaigns (CICs) by port state authorities will focus on compliance with the Maritime Labour Convention and the vessel’s Cargo Securing Manual. Port state authorities have announced the following CICs
Paris Memorandum of Understanding (MoU) will be launching a Concentrated Inspection Campaign (CIC) on the Maritime Labour Convention (MLC), 2006. The aim of the CIC is to verify that the minimum standards for working and living conditions have been implemented on board
Malaysian offshore service provider Coastal Contracts is tapping into the growing liquefied natural gas (LNG) supply chain in Indonesia with the purchase of a 49% stake in T Jaya Samudra Karunia for US$6.55mil (RM27mil), reports the Star.
Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU) with the government of India for the ongoing fiscal under which targets agreed are in line with aggressive growth plans of the public sector firm.
Last week Antwerp Port Authority signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran. Bandar Abbas accounts for 90% of the in- and outgoing containers of Iran and for nearly half of the 200 million tonnes of freight handled by
The Indian state of Andhra Pradesh (AP) Andhra Pradesh will soon have a world class maritime university. AP has signed a Memorandum of Understanding (MoU) with Russia's State Marine Technical University to promote marine education and technology.
Today, another milestone agreement was reached as Panama Canal Administrator and CEO Jorge L. Quijano and PortMiami Director Juan M. Kuryla renewed a Memorandum of Understanding (MOU) to promote trade opportunities and share best customer practices.