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Signs Deal

Jiangnan of China Signs Deal For Engines

President Kyusang Cho of Doosan Engine signed a deal with Jiangnan Shipyard (Group) Co., Ltd. (Jiangnan), which is under the control of China’s CSSC Group, in an effort to supply for 12K98MC-C engines for mounting on 8,530 TEU container ships. The signing ceremony was attended by Kyusang Cho, Doosan Engine’s president, as well as Hua Guan Yun, CSSC Group’s executive Vice President, Mr. Shi Ji Gang, this shipyard’s executive Vice President and Mr. Di, CSTC Group’s General Manager among other personnel.


Kuwait Signs LNG Deal With Qatargas

Qatar Emblem

Kuwait has signed a contract to import liquefied natural gas (LNG) from fellow Gulf state Qatar to help meet its energy needs to the end of 2014, state news agency KUNA reported on Sunday. The first shipment of LNG will arrive in Kuwait on Monday under the contract between Kuwait Petroleum Corporation (KPC) and state-owned Qatargas, KUNA said. There were no further details on the terms of the deal with Qatar, which is the world's largest LNG exporter.


Suez, Petrobras Sign LNG Supply Deal

French energy company Suez and Brazil's federal energy company Petrobras (NYSE: PBR) have signed an LNG supply deal, a Suez spokesperson reportedly told BNamericas. Suez's Suez Global LNG division signed the deal, in which the volume and price Petrobras will pay for the LNG will vary, the spokesperson reportedly said. The LNG will come from different parts of the world. Petrobras will start operating its two floating LNG regasification units in Rio de Janeiro and Ceará states in May


Daewoo Shipbuilding Signs MOU to Build Ships For Peruvian Navy

Daewoo Shipbuilding & Marine Engineering Co. said that it has signed a memorandum of understanding with Peru to build ships for the country's navy as part of the South Korean company's plan to raise exports of submarines and other military vessels. "The initial pact gives us exclusive rights to build submarines and multi-role support ships if we clinch a final deal with the Peruvian government," said Daewoo Shipbuilding Chief Executive Ko Jae-ho. 


Shell Commited To Russia Expansion Despite Sanctions

Meeting with Shell CEO Ben van Beurden. (Photo: The Presidential Press and Information Office)

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region.   Shell plans to expand Russia's only liquefied natural gas (LNG) plant with Russian partner Gazprom, he said at a meeting at Putin's residence.   "We, of course, will pledge all the necessary administrative guidance and support


Bazil's Vale, China's CMES Sign VLOCs Agreement

MS Vale Brasil. Photo: Vale

 Brazilian mining giant Vale and the China Merchants Group (CMES) signed an expanded framework deal for strategic co-operation on iron ore shipments. Vale has agreed to sell four large iron-ore carriers to CMES.   The world's largest producer of iron ore said in a statement the details of the contract had not yet been finalized and will be released in the coming months.   "No price has yet been disclosed for the four vessels


Bangladesh Wins $100m Ship Contract

Bangladesh's main shipbuilder said yesterday it had won a $100m contract to build eight vessels, a deal seen as helping pave the way for the nation to emerge as a major shipbuilder. Ananda Shipyards Shipways Ltd (ASSL) signed the joint deal with two German companies earlier this month to build eight ships with capacity for 325 containers by June 2010, company Chairman Abdullahel Bari said. Announcement of the deal comes after Western Marine


Vinashin Will Supply 6S50MC-C Main Engines

Doosan Engine signed a deal with the Vietnam Shipbuilding Industry Corporation (Vinashin), Hanoi, Vietnam to supply 6 6S50MC-C Main Engines at the client company’s headquarter. The agreement signing ceremony was attended by Seniro Vice President SOo Joon Lee of Doosan Engine and President Mr. N. Q. Ahn of Vinashin and other personnel.


Golar LNG Signs Deal for 4 LNG Ships

GOLAR LNG.bmp

Golar LNG Limited is pleased to announce that it has entered into a firm contract to build four 160,000 m3 LNG carrriers with the Korean shipbuilder Samsung Heavy Industries Co Ltd ("Samsung"). The newbuilding contracts were originally entered into by Companies affiliated with Golar's largest shareholder World Shipholding. Golar has acquired the newbuilding contracts from the affiliated party based on the original contracting terms.


Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the visit of Japanese Prime Minister Shinzo Abe to Brazil. Japan will also help Brazil's state development bank BNDES promote investment by small and medium-sized companies in Brazil through its bank for international cooperation, JBIC, according to another deal signed in the Brazilian presidential palace.


New Simulators for Dutch Inland Navigation Center

Maritieme Academie Holland purchased VSTEP Inland Vessel simulators for the new Inland Navigation Center, the first center to offer simulator training in accordance with CCNR inland simulator requirements. (Photo: VSTEP)

The Maritieme Academie Holland has selected VSTEP as simulator partner for its new Inland Navigation Center in Harlingen, signing a deal that includes the purchase of a Full Mission Inland Navigation Simulator and three Inland console trainers.


Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas

Image:  Samsung Heavy Industries

 South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.   Under the deal with the Netherlands-based Shell Gas & Power Developments B.V


Bahri to Buy Five More Oil Tankers from Hyundai Heavy

National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy Industries, the exclusive oil-shipper for Saudi Aramco said on Wednesday. Hyundai agreed a contract in May to build five tankers and deliver them to


Chinese PM Inks 2 Agreements During CMA CGM Visit

Chinese Prime Minister LI Keqiang (left) with Jacques R. Saadé, Founder, Chairman and Chief Executive Officer of CMA CGM (Photo: CMA CGM)

The CMA CGM Group hosted the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation at its headquarters in Marseilles, July 1, the global shipping company announced.   Chinese Prime Minister Li Keqiang was accompanied by France Minister of Foreign Affairs


Harim Acquires Pan Ocean

Photo: Pan Ocean

 South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a rescue plan for the country's biggest bulk carrier.   Harim, partnering with JKL Partners


After India, China Wants Maritime Deal with Bangladesh

Map: Bangladesh government

 China has approached Bangladesh to sign a deal on blue economy and maritime cooperation in the Bay of Bengal, days after Dhaka and New Delhi signed such an accord.   Media reports quote an unnamed senior Foreign Ministry official saying that Dhakka received a Chinese proposal on


Arctic Drilling Protest Get Star Power from Jane Fonda and Rachel McAdams

Image courtesy: Greenpeace

 Actors Jane Fonda and Rachel McAdams added their star power to protest against Shell’s plan to drill for oil in the Arctic. Both are opposed to Shell drilling in the Arctic.   The duo made public appearance at a Greenpeace rally in Vancouver, Canada


Bahri, SEC Ink 5-year Transportation Deal

Engr. Ibrahim Al-Omar, Bahri CEO (right) and Engr. Ziad Al-Shiha, SEC CEO (Left). Photo: Bahri

The National Shipping Company of Saudi Arabia (Bahri) and Saudi Electricity Company (SEC) signed a Memorandum of Understanding (MoU) for a period of five years, appointing Bahri to transport all the equipment, tools, spare parts and products imported from outside by SEC.  


DMCA's Pact with TRAKHEES

Photo: Dubai Maritime City Authority

 Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has signed a strategic service-level agreement (SLA) with Trakhees, a regulatory arm of the Ports, Customs and Free Zone in Dubai


Syncrolift Deal Strengthens TTS Market Position

Photo TTS Group

Through its subsidiary TTS Handling Systems AS, TTS Group ASA has signed an agreement with Rolls-Royce Marine North America Inc. for purchase of Syncrolift assets. The asset deal gives TTS Handling Systems AS an exclusive and unlimited right to conduct future business based on Syncrolift


Brazil Tarriff Hike to Impede U.S. Ethanol Exports

Brazil was due to publish a tariff increase of 11.75 percent on imported ethanol on Monday, and the traders in U.S. ethanol, which makes up the bulk of imports to Brazil, were concerned about the move, expected to benefit local mills. In late May, the Senate passed Bill 668


Ecopetrol Breaks Silence in Risk-on Day for LatAm Markets

A recovery in LatAm debt spreads opened a window for Colombia's Ecopetrol on Tuesday when it printed a US$1.5bn 11-year bond - the state-owned oil company's first debt issue in nine months. Optimism over Greek debt talks spurred risk buying on Tuesday


Anadarko in Talks with Jera for Mozambique LNG Deal

Anadarko Petroleum  is in talks with newly formed Japanese joint-venture vehicle Jera, set to become the world's biggest buyer of liquefied natural gas (LNG), to sell long-term supply from its Mozambique export scheme.   The U.S. oil major's gas finds in Area 1 of Mozambique's Rovuma


Germany Lobbies for India's Submarine Project

Manohar Parrikar, Indian defence minister. Photo: Ministry of Defence.

 Germany is hopeful in bagging multi-billion-dollar Indian submarine project for building six conventional submarines, says a PTI report.   German Ambassador to India Michael Steiner said the P-75(I) project was under discussion and that the matter also came up during German Defence


Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu

Image: Sabine Pass LNG terminal

 Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.   Sources told Platts that the maiden trade was completed at $7






 
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