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.
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
Kvaerner ASA said it has an intentional deal with Italian oilfield services company Saipem for a subsea umbilical project in the Gulf of Mexico. The deal, valued at about $28 million, calls for Kvaerner to manufacture and supply production control, electrohydraulic steel tube umbilicals for the Canyon Exress subsea development, in which Saipem is the main contractor, it said in a statement. The steel tube umbilicals will be manufactured at Kvaerner's.
PDVSA expects to sign a final JV deal with Royal Dutch/Shell Group and Mitsubishi Corp. to develop the $2.7B Mariscal Sucre LNG project by the end of Nov.2003. PDVSA recently decided to use Shell's gas liquefaction technology in the project.
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.
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.
Oman reportedly signed a $65.5 million deal with South Korea's Daewoo Corp. to build a reef for a port in northern Oman.
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
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.
Norway’s Aker Brattvaag AS, a unit of Aker RGI signed a contract with Romania's main privatization agency to acquire a majority stake in a local shipyard. A statement from the State Ownership Fund (FPS) said that under the contract, the FPS sold its 69.999 percent stake in Santierul Naval Tulcea in a deal worth some $22.6 million, including investments. Two-year investments, mainly in technology and environmental protection, represents some 60 percent of the value of the deal
The Harkand Group signs a deal with Forum Subsea Technologies that will see it extend its ROV fleet by 25% & create 30 new full time jobs. Harkand, formed through the recent merger of Iremis, Integrated Subsea Services (ISS) and Andrews Survey following investment by Oaktree Capital Management
Insurers, Lloyd's of London, say in a new report that the cost of dealing with shipwrecks is rising as ships grow in size. The report, 'The challenges and implications of removing shipwrecks in the 21st century', warns that the cost of dealing with shipwrecks is spiralling and the increase in
Navios Maritime Holdings & Navios Maritime Acquisition Corp. in J/V sign LOI to buy 10 ships from debtors of HSH Nordbank. The new Joint Venture company, named Navios JV, has executed a binding letter of intent to acquire ten vessels
China Shipping Development and Sinopec Kantons are to spend HK$11.71 billion to buy six LNG carriers, which will be chartered to Sinopec. The two companies have set up a joint venture China Energy Shipping Investment (CESI) which is 51 percent controlled by China Shipping and 49 percent by
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
Construction of the new 70-hectare container terminal at Port of Sohar begins shortly, operational in 2014. As part of the expansion deal, container-terminal operator Hutchison Whampoa has signed an agreement for developing the 70-hectare container terminal for Oman International Container
Grandweld Shipyards has been awarded a contract to build a 42M Aluminum Crew Boat for Maroos Shipping. Grandweld signed the deal with the renowned provider of integrated shipping, and marine services on the 10th March 2013. The contract follows previous delivery of a 38M Utility Vessel to
ITF recognise the tentative six-year labour contract agreement reached for workers at the Port of New York as potentially significant. ITF-affiliated union the International Longshoreman’s Association (ILA), which represents dock workers in New York and New Jersey
A run of orders for MARIS has culminated in a 30-system deal covering the delivery of its ECDIS900 system to Turkish customers. The deal highlights the longstanding relationship between MARIS and w marine electronics distribution and service specialist STT International Ltd
In a visit to the Port of Savannah, Panama’s Minister for Canal Affairs Roberto Roy described progress on the canal expansion and heard the latest news on deepening the Savannah Harbor to 47 feet. “With the historic expansion of the Panama Canal nearing completion
Cruise ships agree to adopt the strictest measures to reduce air pollution when entering Italy's Venice Lagoon. The agreement, known as “Venice Blue Flag II,” commits cruise lines to operate the main and auxiliary engines of their ships with marine fuel with sulphur content of no
Bibby Offshore U.K. Ltd signed a nonexclusive ship agency services contract with GAC covering all ports in the U.K. and making the Group their first choice of provider elsewhere worldwide. Aberdeen-based Bibby Offshore U.K. Ltd is a subsidiary of the Bibby Line Group
Shell to sign Russian Arctic deal with Gazprom Neft, Kremlin reveals. The companies are preparing to sign an agreement that will cover joint offshore drilling in the Russian Arctic as well as shale oil projects onshore in Western Siberia, reports The Telegraph.
Erma First ESK Engineering Solutions S.A. has concluded the installation of its Ballast Water Management System "Erma First" in two container ships being built at Zhejiang Ouhua Shipbuilding for Greek owner Evalend Shipping Co. S.A.
Bourbon and ICBC Financial Leasing (China) signed an operating lease, framework agreement for up to $1.5 billion (USD) corresponding to the sale and bareboat charter back for 10 years of up to 51 vessels Bourbon is rolling out a transformation plan for its future growth