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. Globe Wireless currently provides voice & data solutions to “K” Line. The roll out of FleetBroadband on the “K” Line ships has already begun.
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.
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
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
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.
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
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
PetroChina Company signs agreements with ConocoPhillips to take interests in W. Australian exploration assets & a JSA in China. Under these agreements, PetroChina will acquire 20% interest in the Poseidon offshore discovery in the Browse Basin
The Maritime Employers Association & the Longshoremen's Union Local 375 sign a new 6 year collective agreement. The Maritime Employers Association and Local 375 CUPE Longshoremen's have just inked a new collective agreement which will allow the Port of Montreal to continue its operations
Severn Trent De Nora sign agreements for distribution of marine & offshore water and wastewater treatment products in United States. The agreements are with Marine Systems Inc. (MSI) and AER Supply (AER) to serve as exclusive sales and promotional representatives for its electrolytic
U.S. Coast Guard ond Bureau of Safety and Environmental Enforcement sign agreement to improve offshore oversight. U.S. Coast Guard Rear Admiral Joseph Servidio, Assistant Commandant for Prevention Policy and Bureau of Safety and Environmental Enforcement (BSEE) Director James Watson and
Statoil and Rosneft today signed agreements on joint bidding for exploration licenses in the Norwegian Barents Sea and on Joint Technical Evaluation covering two Russian onshore assets. This concludes the first implementation agreements envisaged in the strategic cooperation that the two companies
Hess and PETRONAS sign partnership agreements to develop North Malay Basin Hess Corporation announces that it has signed agreements with PETRONAS to develop the North Malay Basin, located offshore peninsular Malaysia. “The North Malay Basin Integrated Gas Development Project is consistent
APM Terminals to grant USD$3-million for development of a new modern commercial fishing terminal at the Port of Callao, Peru. The local fishing industry had been concerned about potential displacement with the ongoing construction of a new expanded cargo facility at the port.
DP World orders cranes for its new Jebel Ali container terminal from international and local suppliers. DP World, UAE Region signs agreements with local and international companies for the supply of 19 Ship To Shore (STS) quay cranes and 50 Rail Mounted Gantry (RMG) cranes for its 4 million TEU
China Shipbuilding Industry Corporation (CSIC) signs agreement with Sansha Municipal Government to work on infrastructure energy & water resources. China's major ship-building conglomerate will start infrastructure, energy and water resources projects in Sansha
Tenneco and Cormetech sign agreement to design marine engine ultra-large diameter selective catalytic reduction (SCR) catalysts. The MARPOL Annex VI and EPA Tier IV regulations require an 80% reduction in NOx emissions, thus driving the need for engines to include aftertreatment strategies such
Union activists in India & Sri Lanka inspected flag of convenience vessels at ports across South Asia to help improve seafarers’ pay & conditions. Riding on the success of the first staggered week of action in October, dockers’ and seafarers’ unionists in India and Sri
Fincantieri signs agreement for the acquisition from STX Europe of 50.75% of STX OSV, leading offshore vessel constructors. With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4 billion, the Fincantieri Group is doubling its size.
Wärtsilä, a solutions and services provider, has signed new licence agreements with seven of its long-term Chinese partners. CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements
Representatives from the five multilateral institutions that have signed agreements for the financing of the Panama Canal Expansion Program took part in the annual visit organized to oversee the program’s progress. “This visit is part of the agreement signed between the Panama
BP signs agreement with Maersk Drilling to develop designs for a new breed of advanced technology offshore drilling rigs. The agreement is part of BP’s Project 20KTM, a multi-year initiative to develop next-generation systems and tools for deepwater exploration and production that are