Contracts

Three More Workboats for Jordan

Sanmar Shipyards delivered three more vessels to the Aqaba Port Marine Services Company (APMSCO) for the Sheikh Subah Al Ahmad Al Subah LNG terminal at Aqaba, Jordan.

Saipem Wins 2 Contracts for Al-Zour Refinery Project

Saipem has received award notification by the Kuwait National Petroleum Corporation (KNPC) for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP),

ASL Shipyard Secures S$140mln Build Contracts

 ASL Shipyard Pte Ltd. a wholly-owned subsidiary of ASL Marine Holdings Ltd., has secured new shipbuilding contracts worth approximately S$140 million for the construction

Oil Surges in Short-Covering Rally

Front-month Brent crude futures surged more than 10 percent higher yesterday, one of the largest daily percentage movements on record, as traders raced to cover short positions.

Glencore Books 6 mln bbls North Sea Forties in September

Swiss trader Glencore has provisionally booked three supertankers to load 6 million barrels of North Sea Forties crude for South Korea in September, according to shipping data and traders.

Denmark Predicts Steady Oil & Gas Production

Denmark expects to maintain its current production of oil and gas for the next two and a half years according to new estimates from the Danish Energy Agency on Friday.

Lukoil Q2 Profit Halved y/y

Lukoil, Russia's No.2 oil producer, said on Friday its net profit more than halved in the second quarter to $1 billion due to lower oil prices. Lukoil was expected

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Trend-Driven Funds Profit on Oil's Slippery Path

The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories,

Maurel & Prom Mulls Merger after MPI Deal

French energy exploration and production company Maurel & Prom said it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to

Wärtsilä Scrubbers for Finnlines Vessels

Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three vessels with exhaust cleaning scrubber systems.

Bollore Bags Contract for Kribi Container Port

 France's Bollore-led consortium has been awarded the contract to develop and operate a container terminal in Cameroon's deep-water port of Kribi, says a report in Reuters.

ASL Bags New Shipbuilding Contract

 Singapore’s ASL Marine Holdings Ltd said that its wholly-owned subsidiary, ASL Shipyard Pte Ltd  has clinched shipbuilding contracts worth approximately SGD140m

IRS Opens Office in Abu Dhabi

  Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office

MHI, SBG Invest in Wind Energy Startup Altaeros Energies

  Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to

Russian Gas Supply to China

  At a meeting hosted by Beijing today the issues of bilateral cooperation, particularly the preparations for the contract on Russian natural gas supply to China via the western route were addressed.

Damen's Ship with Van der Velden FLEX Tunnel Commissioned

  The first ship outfitted with the Van der Velden FLEX Tunnel was named Friday, August 14th in Duisburg. The Rhenus Duisburg, the new barge combination from shipping company Rhenus PartnerShip,

Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

  Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block,

CFSAI Shifts to New Office in New Mumbai

  Container Freight Station Association of India (CFSAI) has set up a full-fledged Secretariat and moved to its new office at “Anchorage Building” in Dronagiri  Node on 26th August 2015.

Great Lakes Shipyard to Build Guatemalan Harbor Tug

U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for

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