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Petrobras To Sign Joint Venture With Shell, Mobil And Exxon

Petrobras will reportedly sign an exploration and production contract with the local units of Shell, Mobil and Exxon.


Seaarland, Nordic Tankers Sign Joint Venture

Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon


Shipbuilding Support from MHI for Sinopacific Newbuildings

Shipyard Sinopacific: Photo credit MHI

Japan's Mitsubishi Heavy Industries and Sinopacific Shipbuilding of China sign joint development agreement MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering business mainly through licensing of technology, while Sinopacific is taking steps to strengthen its shipbuilding business through introduction of technologies from advanced shipbuilders


AlMansoori Joint Venture with Key Energy

AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized Engineering, regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing


Iran, Switzerland Sign Mou On Shipping

Photo: Iran - Switzerland Chamber of Commerce

 The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation, Irna reported.   Iran’s Ministry of Roads and Urban Development in a statement said an agreement had been signed with the MSC by means of which the global shipping giant will increase calls to Iran’s Bandar Abbas, Chabahar and Bandar Imam ports.   


Georgia, South Carolina Ports Advance Joint Venture

The Georgia and South Carolina Ports Authorities have signed a new joint venture agreement that provides framework for the two states to work cooperatively toward the development of the Jasper Ocean Terminal (JOT), which will be jointly owned and operated by both port authorities.   The updated agreement governs the permitting and planning process for the JOT, including the development of terminal design and supporting infrastructure, plans for financing


Britain to Sign Contract for New Aircraft Carriers

Britain is set to sign a long-awaited $7.8b deal to build two aircraft carriers, which will be the Royal Navy's largest ever ships and are set for 50 years of service. The 65,000-ton carriers are said to be called Queen Elizabeth and Prince of Wales and will enter service in 2014 and 2016. The manufacturing contract is going to a consortium that includes a shipbuilding joint venture being set up between two British companies, BAE Systems and VT Group


Eni, Rosneft Sign Oil Supplies Agreement

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Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, has signed a term sheet on mutual crude oil supplies and a heads of agreement on joint participation and investments in logistic and commercial activities within the hydrocarbons sector. Rosneft will supply crude oil to PCK Schwedt refinery in Germany and Česká


U.S., Europe to Strengthen Marine Science Co-operation

NOAA & the European Commission’s Joint Research Centre (JRC) have signed a landmark agreement that will further strengthen cooperative science activities in the areas of climate, weather, oceans and coasts Meeting in Brussels, Belgium, Jane Lubchenco, Ph.D., under secretary of commerce for oceans and atmosphere and NOAA administrator, and Dominique Ristori, director general of the JRC, signed the agreement, which calls for exchanges of personnel


Singapore and the Netherlands Sign MOU

The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MOU) with the Directorate-General for Freight Transport (DGFT) of the Dutch Ministry of Transport, Public Works and Water Management. The MOU was signed by Mr Chen Tze Penn, Director-General, MPA and his Dutch counterpart, Mrs Jacqueline Tammenoms Bakker, Director-General, DGFT. The signing ceremony took place on 9 Jul 02 at the headquarters of the DGFT at the Hague, Netherlands.


Nakilat Ends H12017 with $112 Mln Net Profit

Nakilats flagship, QMax Mozah. Photo: Qatar Gas Transport Company

 Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million ($112 million) compared to QR 501 million ($137 million) of the same period last


Fincantieri, Mapei Enter R&D Partnership

Shipbuilder Fincantieri said it has partnered with Mapei, a producer of adhesives and chemical products for the construction sector with a business line of shipbuilding industry products, in the field of research and innovation.   According to Fincantieri


Rolls-Royce Inks Service Deal with Siem Offshore, Subsea 7

Photo: Rolls-Royce

Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem owned companies have signed with the same service provider.  


Alfa Laval Signs BWT Pact with Two Shipowners

Photo: Alfa Laval

Alfa Laval signs major frame agreements for ballast water treatment retrofitsIn June, Alfa Laval signed frame agreements with two different shipowners for the supply of Alfa Laval PureBallast systems.    The systems will be delivered during a three-year period and retrofitted on


LNG Price Row between GAIL, Cheniere Looms

File Image (CREDIT: AdobeStock / (c) Fotmart)

India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.   At a joint news conference with Indian Prime Minister


MOL-MES Joint Development Next-generation Vessel Monitoring System

Image: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL) announced an agreement with Mitsui Engineering & Shipbuilding (MES) to jointly develop next-generation vessel monitoring and support systems for practical applications and commercialization.   Based on the real time data


Two New Tugs for Rimorchiatori Riuniti

Damen ASD Tug 2411 Columbia (Photo: Damen)

Italian tug operator Rimorchiatori Riuniti has continued its fleet expansion with the deliveries of two new Damen tugs; an ASD 2913 called Danimarca and an ASD 2411 called Columbia.   The delivery of the Danimarca took place in Genoa on June 14, 2017


Statoil, AET Expand Shuttle Tankers Contract

The shuttle tanker Eagle Barents currently on charter for Statoil from AET. (Photo: Statoil)

Statoil ASA and petroleum and chemical tanker owners and operator AET are extending their partnership in the North Sea shuttle tanker sector. Statoil has, awarded a long-term contract to AET, a subsidiary of Malaysian energy shipping group, MISC Berhad


DNV GL, Goldwind in Wind Power Pact

Photo: DNV GL

 Goldwind International and DNV GL has signed a Memorandum of Understanding (MoU) for optimizing offshore and onshore wind projects. DNV GL to be preferred independent third-party advisor for performance optimization of offshore and onshore wind projects.  


Qatargas to Supply LNG to Shell

Photo: Qatargas Operating Company Limited

 Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics.  Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains


Fincantieri Buys Stake in Isselnord

Italian shipbuilding group Fincantieri said it has signed through one of its subsidiaries an agreement for the acquisition of a stake in Isselnord, an Italian company operating in defense-related sectors and in the main industrial branches in the civil sector


Piraeus Port Signs MoU with Shanghai Port

Photo: Piraeus Port Authority S.A

 The Cosco-managed Piraeus Port Authority (OLP) and Shanghai International Port Group, the world's biggest commercial port, signed a Memorandum of Understanding (MOU) envisioning cooperation in infrastructure studies, personnel training, information exchange and technical assistance.  


N.Korea Fires Missiles Again, S.Korea Delays THAAD

Missiles flew about 200 km into sea off east coast - S.Korea; launch is fourth by Pyongyang in four weeks.   North Korea fired what appeared to be several land-to-ship missiles off its east coast on Thursday, South Korea's military said


Rosneft, Hyundai Samho Strengthen Technological Cooperation

Pic: Rosneft

 Rosneft and Hyundai Samho Heavy Industries Co. Ltd. (HSHI) signed an agreement under which the South Korean company will provide technical support in the design and construction of Aframax class vessels at the Zvezda shipyard in Bolshoy Kamen.  


CMIH, DNV GL Enter Shipbuilding Partnership

Front, from left to right: Gui Ming Zhu, Deputy General Manager of CMIH and Director of Yiu Lian Dockyards (Shekou) Limited; and Torgeir Sterri, Regional Manager Greater China at DNV GL – Maritime; sign a strategic cooperation agreement at Nor-Shipping this week. (Photo: DNV GL)

At Nor-Shipping this week, China Merchants Industry Holding (CMIH) and DNV GL have signed a strategic cooperation agreement with a focus on advancing shipbuilding in the gas carrier, offshore and special vessel segments.   The agreement – signed by Gui Ming Zhu






 
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