Marine Link
Thursday, October 19, 2017

Signs Agreement

Oman Signs Pacts with Ship Classification Bodies

Photo:  Ministry of Transport and Communications

 Oman’s Ministry of Transport and Communications (MoTC) has signed agreements with three ship classification societies for small ships that do not abide by international treaties, said a report in Times of Oman.   The agreements were signed with the British (Lloyds Register of Shipping), Italian (Rina) and Emirati (Tasneef) ship classification societies.   Saeed bin Hamdoon bin Saif Al Harthy, undersecretary of Ports and Maritime Affairs, signed the agreements on behalf of the ministry and the chief executive officers and regional directors represented the classification societies.   Additionally, the authorization involves conducting a technical survey on ships holding the Omani flag, as well as the issue of global certification.   The deals will approve the three classification societies to supervise small ships that are not standing by the global treaties to confirm their navigational validities.   The ministry also plans to sign pacts with other international ship classification societies, thus providing more options for the ships owners regarding this matter, Harthy said.   This authorisation is part of the IMO decision and its amendments, as well articles for a set of IMO agreements, which demands the technical certificates for ships by a recognised classification society, which are approved by the maritime authorities of Oman.

Tidewater To Purchase Platform Supply Vessels

Tidewater, Inc. has signed agreements, (which are subject to completion of normal due diligence matters), to buy two 220 ft. UT755 type platform vessels at an aggregate purchase price of $2.4 million. The vessels are currently being built by Norwegian shipyards for scheduled deliveries in December 2000 and May 2001.

OSG to Time Charter Product Carriers

Overseas Shipholding signed agreements with subsidiaries of Cido Tanker Holding to timecharter a pair of product/chemical carriers for 10 years. The 47,000 dwt ships will be built at Hyundai Mipo Dockyard and are scheduled for delivery in 2009. The two vessels, the Overseas Polaris and the Overseas Pisces, will have six segregations, and will be able to transport petroleum products, vegetable oils and IMO III chemicals. Delivery of the vessels will increase the number of International and U

Aker Kvaerner and Statoil Sign Agreement

Aker Kvaerner has signed a letter of intent with Statoil ASA to enter a five-year frame agreement for the delivery of subsea production systems and related operational services. The agreement will make Aker Kvaerner's subsea division a preferred supplier to deliver complete subsea solutions to Statoil's new field developments as well as additional equipment to new and existing fields. The frame agreement for aftermarket services is valid for new fields.

“K” Line Selects Globe Wireless for Upgrade

Globe Wireless has been selected by “K” Line to provide a turnkey implementation of the Inmarsat FleetBroadband service. “K” Line is a large ship owner/operators, which includes container ships, car carriers, bulk carriers, gas carriers and tankers. The signed agreement between “K” Line and Globe Wireless entails the up gradation of its service in the vessels presently using the Globe Wireless network

Rosneft Acquires Oilfield Service from Trican

Photo Trican

  A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareholding in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas industry in Russia. The purchaser has already obtained the necessary approval of the Federal Antimonopoly Service of the Russian

Iridium Signs Agreement With Sait Communications

Iridium Satellite LLC has signed a non-exclusive agreement with SAIT Communications S.A. to be a top-tier service provider of the only truly global, truly mobile satellite voice and data solution with complete coverage of the Earth's oceans, airways and Polar Regions. SAIT Communications S.A. (Former SAIT RadioHolland) currently provides satellite services for remote maritime, government and military users in Western Europe, the Mediterranean, Scandinavia, Asia Pacific and the Americas

Maersk Line, Georgia Port Authority Sign Agreement

Georgia Ports Authority (GPA) on July 13 announced the signing of a major new agreement between Maersk Line and the GPA. The recent opening of Phase One of Savannah’s newest container berth, CB8, the ongoing increases to container storage areas and other equipment additions are part of the Port of Savannah’s 10 year, $700m improvement plan to boost container capacity. The 20-year agreement between Maersk Line and the GPA includes a 10-year renewal option

Xantic and GMPCS Sign Agreement

In a mutually beneficial strategic alliance, satcom provider Xantic has announced the signing of an agreement with GMPCS Communications Inc. for the delivery of various enhanced services in the United States and beyond. Under the terms of the new agreement, GMPCS will play a leading role in hosting Xantic’s Regional BGAN service in North America. GMPCS will deliver this service to companies and organisations with an international network

Aker Kvaerner Signs Agreement with Woodside

Aker Kvaerner has signed a frame agreement with Woodside Petroleum Ltd to become the Australian oil and gas giant's preferred supplier of steel tube umbilicals. The contract could be worth between NOK 150 - 200 million annually. The frame agreement is awarded for a three year period with optional periods of one + one year and has the potential to support Woodside Petroleum Ltd with its proposed LNG developments.

Wärtsilä, Shipyards Partner on BWMS Retrofits

Photo: Wärtsilä

The technology group Wärtsilä is in the process of signing agreements with a number of major shipyards, the latest being Keppel Shipyard Ltd (KSL) of Singapore. The agreements are intended to establish cooperation and communication between the parties in relation to the International Maritime Organization's (IMO) Convention for Ballast Water Management, which is due to enter into force in September of this year.  

Petrobangla, Summit Pact for 2nd LNG Terminal

Pic: RPGCL, Petrobangla Group

 Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal.   The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in the Cox's Bazar. The terminal will have 500 million meter standard cubic feet per day (mmscfd) capacity, which would go on operation after 18 months.  

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.   Under the agreement, Rolls-Royce will maintain and service all of the equipment it has delivered to the two companies’ offshore vessels.   At present, aftermarket services account for roughly 40 percent of Rolls-Royce

ENI, Anadarko to Build LNG Terminals in Mozambique

Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country.   The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that could transform it from a poor African country into a major energy supplier to Asia.   The agreements were signed by Mozambique's energy minister Letícia Klemens and the regional

Maritime India Summit Attracts $12.5 billion Investment

Nitin Gadkari, Minister for Shipping. Photo: Govt of India

 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, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland Waterways Authority of India etc.  

China VLCC Sells Two VLCCs

Photo: China Merchants Energy Shipping Co., Ltd

China Energy Transport Co., Ltd. (China VLCC) has sold two secondhand VLCCs to an unrelated third party for a total price of $117.5mln.   China VLCC is 51 percent owned by China Merchants Energy Shipping (CMES) and 49 percent owned by Sinotrans & CSC Group.   It has signed agreements with two Marshall Island-registered companies, Coral Shipowning and Medal Shipowing, under which China VLCC will sell a 297

India: Iran Port Contract Likely

India will on Monday sign a commercial contract with Iran to build and run a strategic port on Iran's southern coast, the Indian government said on Friday, to help it gain a foothold in Iran and win access to central Asia and Afghanistan. Talks to build the Chabahar port have been on for years but since the scaling back of Western sanctions against Iran, India has pushed hard for the project so it doesn't lose out to other such as China, who are keen to invest.

Höegh LNG Speeds up FSRU Conversion

Photo Höegh LNG

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project, including the ordering of critical equipment with long lead time. By ordering said equipment in advance, Höegh LNG will reduce the conversion schedule by six months- from 18 to 12 months, giving a planned delivery date for the FSRU conversion project end 2017

MODEC Connects Offshore Fleet with O3b/RigNet

RigNet and MODEC Sign Agreement to Deliver Fiber-equivalent O3b Satellite Connectivity to Offshore Brazilian FPSO Fleet   O3b Networks, technology solutions company RigNet and floating production service provider MODEC, entered an agreement to provide high-throughput, low latency connectivity for MODEC’s Floating Production Storage and Offloading (FPSO) vessels off the coast of Brazil.   RigNet will integrate the O3b satellite network solution

US, Danish Maritime Academies Partner

SUNY Maritime academic deal Gil Traub (left) and SIMAC vice president for academic affairs Jan Askholm sign the memorandum of agreement at SUNY Maritime College. The agreement paves the way for collaboration and partnership between the two institutions. (Photo: SUNY Maritime)

Student exchanges, faculty collaborations and programmatic partnerships are now possible between the United States’ SUNY Maritime College and Svendborg International Maritime Academy in Denmark. The two institutions earlier this month signed a memorandum of agreement that will pave the way for academic cooperation and knowledge sharing. “The shipping industry is international by nature,” said Joseph Hoffman

India Signs MoUs With Foreign Countries for Building Ships and Ports

Prime Minister Narendra Modi. Photo: Official website of Narendra Modi

 The following memorandum of understanding (MOU) and Agreements have been signed by India with foreign countries during the last two years for the development of ports and manufacture of ships in the country:-   (i) Memorandum of Understanding between the Government of the Republic of India and  the Islamic Republic of Iran over partnership of India in development plan of Chabahar Port, signed on 06 May, 2015.  

Novatek Inks Agreements with Japanese Companies on Gas

Novatek, Russia's second biggest gas producer, said on Friday it had signed agreements with Japan's Mitsui & Co, Mitsubishi Corp and Marubeni Corp to cooperate in liquefied natural gas and other energy sectors.   Japan, lacking fuel resources, is the world's largest importer of the gas while Russia wants to boost its global LNG market share, currently less than 5 percent.   Novatek's Chief Executive Leonid Mikhelson said the agreements focused on potential gas production

Iran, Kazakhstan Deal for Shipping JV

Photo: IRISL GROUP

 The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- signed an agreement for establishing a joint company.   The deal could lead to the creation of a new transport corridor connecting Iran’s southern ports to the upper parts of Central Asia - and even possibly Russia and China.    

Florida Ports Drop Plans to Ink Pacts with Cuba

Two Florida ports have canceled plans to sign cooperation pacts with Communist-ruled Cuba after state Governor Rick Scott threatened to cancel their funding if they did business with the "Cuban dictatorship." The news comes as Cuba watchers are looking closely for signs of how the United States' fragile detente with Cuba will fare under President Donald Trump. Trump has threatened to scrap moves to normalize relations

Mississippi Ports Eye Cuba, Ink Pacts in Havana

The Mississippi ports of Pascagoula and Gulfport signed agreements in Cuba on Monday with an eye to future business and with a Republican U.S. senator from the state looking on, despite concerns President Donald Trump might backtrack on improved relations.   Senator Thad Cochran is the only Republican among five U.S. senators and a U.S. representative on a three-day visit to the Communist-run Caribbean island to discuss relations and explore business opportunities.  

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News