Tidewater, Inc. has signed agreements, (which are subject to completion of normal due diligence matters), to buy two 220 ft. UT755 type platform vessels at an aggregate purchase price of $2.4 million. The vessels are currently being built by Norwegian shipyards for scheduled deliveries in December 2000 and May 2001.
Globe Wireless has been selected by “K” Line to provide a turnkey implementation of the Inmarsat FleetBroadband service. “K” Line is a large ship owner/operators, which includes container ships, car carriers, bulk carriers, gas carriers and tankers. The signed agreement between “K” Line and Globe Wireless entails the up gradation of its service in the vessels presently using the Globe Wireless network
Iridium Satellite LLC has signed a non-exclusive agreement with SAIT Communications S.A. to be a top-tier service provider of the only truly global, truly mobile satellite voice and data solution with complete coverage of the Earth's oceans, airways and Polar Regions. SAIT Communications S.A. (Former SAIT RadioHolland) currently provides satellite services for remote maritime, government and military users in Western Europe, the Mediterranean, Scandinavia, Asia Pacific and the Americas
Overseas Shipholding signed agreements with subsidiaries of Cido Tanker Holding to timecharter a pair of product/chemical carriers for 10 years. The 47,000 dwt ships will be built at Hyundai Mipo Dockyard and are scheduled for delivery in 2009. The two vessels, the Overseas Polaris and the Overseas Pisces, will have six segregations, and will be able to transport petroleum products, vegetable oils and IMO III chemicals. Delivery of the vessels will increase the number of International and U
Aker Kvaerner has signed a letter of intent with Statoil ASA to enter a five-year frame agreement for the delivery of subsea production systems and related operational services. The agreement will make Aker Kvaerner's subsea division a preferred supplier to deliver complete subsea solutions to Statoil's new field developments as well as additional equipment to new and existing fields. The frame agreement for aftermarket services is valid for new fields.
Aker Kvaerner has signed a frame agreement with Woodside Petroleum Ltd to become the Australian oil and gas giant's preferred supplier of steel tube umbilicals. The contract could be worth between NOK 150 - 200 million annually. The frame agreement is awarded for a three year period with optional periods of one + one year and has the potential to support Woodside Petroleum Ltd with its proposed LNG developments.
Georgia Ports Authority (GPA) on July 13 announced the signing of a major new agreement between Maersk Line and the GPA. The recent opening of Phase One of Savannah’s newest container berth, CB8, the ongoing increases to container storage areas and other equipment additions are part of the Port of Savannah’s 10 year, $700m improvement plan to boost container capacity. The 20-year agreement between Maersk Line and the GPA includes a 10-year renewal option
Morgan Stanley Capital Group Inc. (MSCGI), has reached a definitive agreement to acquire the Heidmar Group of companies, including Texas-based Houston Marine Services, Inc. (Heidmar). The acquisition is expected to close during MSCGI’s fiscal fourth quarter, subject to the customary closing conditions, such as regulatory and antitrust reviews. Financial terms were not disclosed. Under terms of the transaction, Per Heidenreich will continue to serve as non-executive chairman; Tim Brennan will
The Maritime Administration and Overseas Shipholding Group, Inc, yesterday signed an agreement that will provide training opportunities for American maritime academy cadets on board OSG’s international vessels. The public-private partnership is the first formal agreement to make available on-board training billets in the international fleet for U.S. maritime academy cadets. Under the terms of the agreement, cadets from the U.S
In a mutually beneficial strategic alliance, satcom provider Xantic has announced the signing of an agreement with GMPCS Communications Inc. for the delivery of various enhanced services in the United States and beyond. Under the terms of the new agreement, GMPCS will play a leading role in hosting Xantic’s Regional BGAN service in North America. GMPCS will deliver this service to companies and organisations with an international network
Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. have signed a contract for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve
Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB"). The total amount available under the facility has been increased by $53 million to $225
Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability. 2014 third quarter earnings per share guidance range of $1.30 to $1.40 compared with $1
Wärtsilä says it has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC (Harvey Gulf). This five-year agreement covers Condition Based Maintenance & Dynamic Maintenance Planning for 8 offshore supply and multi-purpose support vessels – 6
Drybulk and petroleum cargo transportation company, DryShips, & through its majority owned subsidiary, Ocean Rig, of offshore deepwater drilling services, announce its unaudited financial and operating results for the third quarter ended September 30, 2013.
Representatives from the multilateral institutions financing the Panama Canal Expansion Program visited today the new locks project construction in the Pacific side as part of their regularly scheduled visits. Experts from the Inter-American Development Bank (IDB)
Siem Offshore Inc. say they have signed agreements with Helix Energy Solutions Group, Inc. to provide 2 well-intervention vessels which will be owned by Siem Offshore and chartered by Helix for an initial period of 7 years, with options that can extend the charter periods up to 22 years.
Kirby Corporation, based in Houston, Texas, the nation's largest domestic tank barge operator, informs it has signed agreements for the construction of 29 additional 30,000 barrel inland tank barges with a total capacity of 830,000 barrels for delivery throughout 2014
Monaco-based Scorpio Bulkers Inc. says it has signed agreements to purchase 5 Capesize dry bulkships from South Korea shipyards for a total of US $306 million, and has entered into charter party contracts as set out below: Newbuildings Yard &n
Aage Hempel, a company in worldwide merchant marine electronic service and focused on 24/7 maritime sales and service, signs agreement for the delivery of navigation and communication equipment included Integrated Bridge System from Kelvin Hughes with Shipyard De Hoop in Lobith
Company signs agreement to manage a shipyard in Quanzhou, China. Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petrochemicals Group Limited (Titan) - a company in which
The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy makes Europe weak, Poland's Prime Minister Donald Tusk wrote in an article in the Financial Times.
Global shipping management company, PV Enterprises International, Inc. (PVEC), has provided an update to its shareholders & the investment community on the next phase of its business plan and enhanced corporate strategy, as follows: "We realized people are the most profitable cargo
North Vancouver, BC — Jonathan Whitworth, Seaspan CEO, announced today that it has signed agreements with both the Canadian Merchant Service Guild (the Guild) and International Longshore Warehouse Union (ILWU) Local 400 to enter into binding arbitration/mediation.
Alexey Miller, Chairman of Gazprom's Management Committee and Gerhard Roiss, Chief Executive Officer of OMV inked a Shareholders Agreement for the South Stream Austria joint project company. The document was signed in Vienna today during a visit by Russian President Vladimir Putin to the