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
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
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
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
In December of last year, the National Transportation Safety Board (NTSB) and the US Chemical Safety and Hazard Investigation Board (CSB) stated that the two agencies had signed a Memorandum of Understanding providing that the NTSB would be the lead agency for investigating transportation-related accidents involving the processing, handling, or storage of a chemical substance that result in death, serious injury, or substantial property damage.
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
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
Cash-strapped South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) has signed a memorandum of understanding (MOU) with its creditors to receive a KRW 120bn ($103m) cash injection, and will sell off property and businesses worth KRW 2tr ($1
Denmark and the United States have signed a memorandum to strengthen cooperation on offshore wind energy projects, the U.S. Bureau of Ocean Energy Management (BOEM) announced. On May 4, 2016 at the Embassy of Denmark in Washington, D.C
The Singapore-based offshore services provider Kim Heng Offshore & Marine has signed a memorandum of understanding with the Iran Marine Fund (IMF)to provide its technical expertise and financing to Iranian offshore marine and oil & gas projects.
Korean Register (KR) – an IACS member classification society - has signed a Memorandum of Agreement to establish a joint venture company with the Iranian Classification Society (ICS). The agreement is to deliver plant facility certification and engineering services
Representatives of Cuba and the United States signed in Havana a memorandum of understanding (MoU) on cooperation in areas of hydrography and geodesy to improve the safety of maritime navigation. Ambassador Jeffrey DeLaurentis, the Chief of Mission at the U.S
Hyundai Heavy Industries (HHI) has signed an MOU with General Electric Company (GE) to cooperate for the development of GOGES (COmbined Gas turbine Electric and Steam) package for LNG carriers and containerships. The MOU signing ceremony was attended by Choi Kil-seon
As India’s shipping sector eyes continued growth in years to come, the country’s ministry of defense will ensure that the shipping sector receives the necessary assistance for growth, said Union Minister for Defense Manohar Parrikar.
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports
Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region. This is the second such agreement signed by Qatargas and Shell in as many months and establishes
India will soon get its second maritime university, Gujarat Maritime University (GMB), which will primarily be focusing on the commercial maritime courses. According to sources, the first course likely to be rolled out in 2018.
Cochin Shipyard Limited (CSL) has signed a memorandum of understanding (MoU) with South Koreas second-largest shipbuilder, Samsung Heavy Industries (SHI) to team up to bid for the GAIL (India) Ltd tender to build liquefied natural gas (LNG) ships.
SpeedCast signs partnership MOU with Beijing Marine Communications & Navigation Company Limited to build a global maritime VSAT service for China Market SpeedCast International Limited, a global satellite communications and network service provider
The Indonesian Navy has instructed all commercial vessels to avoid piracy-prone waters around the southern Philippines, a spokesman for the Indonesian military said on Thursday, following a spate of kidnappings and piracy in recent weeks.
Indonesian President Joko “Jokowi” Widodo has invited the Netherlands to invest in Indonesian infrastructure projects, particularly those that support Jokowi’s maritime sector development program, reports the Jakarta Post.
ABS Spearheads Offshore Standardization JIP Classification society ABS convened industry partners at the Offshore Technology Conference on Wednesday, May 4, to sign a memorandum of understanding (MOU) establishing a unified joint industry project (JIP) for standardization