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
The U.S. Department of the Interior's Minerals Management Service (MMS) signed a Memorandum of Understanding (MOU) with the USCG specifying which agency will be responsible for certain aspects of oil and natural gas exploration, development, production, and transportation activities on the Outer Continental Shelf (OCS). The MOU identifies 27 areas of responsibilities for both agencies. For example, MMS will be responsible for most drilling and production matters, pipeline operations
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
The Indian Union Cabinet chaired by the Prime Minister Narendra Modi has approved MoU on passenger cruise services on the coastal and protocol routes between India and Bangladesh for starting regular movement of passengers and tourists in water crafts between the two countries.
Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports, as well as Khalifa Industrial Zone, signed a Memorandum of Understanding (MOU) with Jaheziya, the brand name for Tawazun’s Safety, Security and Disaster Management City.
Danish Maritime Authority (DMA) Director General Andreas Nordseth, signed an agreement with Singapore and Norway on cooperation on digital certificates. The agreement is intended to make more countries migrate from paper certificates to digital certificates.
LR CEO, Alastair Marsh, signed two Memorandums of Understanding (MoU) during Singapore Maritime Week. The first promotes research and development (R&D) and innovation, building upon strong existing collaborations (e.g. enhanced understanding of cargo liquefaction to increase vessel
The Caribbean Maritime Institute (CMI) will now gain university status, following the passage of legislation in both Houses of Parliament to effect this. Not a single senator opposed the bill to make way for the Caribbean Maritime Institute Act
Practical training on board ships for port State control officers, supported by class-based lectures, has boosted knowledge amongst participants from eight countries during a training course in Muscat and Sohar, Oman (19 February -2 March).
Vietnam National Shipping Lines (Vinalines) and Vietnam National Coal - Mineral Industries Group (Vinacomin - TKV) signed a memorandum of understanding (MoU) for a strategic co-operation agreement, Viet Nam News reported. As per the agreement
South Korea's Daewoo Shipbuilding & Marine Engineering Co (DSME) is accelerating its move to sell all non-core assets o beef up its financial status amid concerns over a sharp fall in new orders, Yonhap reported quoting industry sources.
Broward County's Port Everglades has negotiated a Memorandum of Understanding (MOU) that provides the framework for a new long-term business agreement with Royal Caribbean Cruises, Ltd. (RCL) that will include complete, customized renovations of the Port's Cruise Terminal 25 targeted for
SAFE Boats International of Bremerton, Wash. announced at 2017 Colombia Mar that it has broadened its previously signed Memorandum of Understanding (MOU) with COTECMAR into a multiyear, definitive Association Agreement to coproduce many of its products already in Colombia
The Indian Cabinet has approved signing of a Memorandum of Understanding (MoU) for greater cooperation with regard to marine aids to navigation that includes advice on lighthouses and beacons besides vessel traffic service. "The Union Cabinet chaired by Prime Minister Narendra
Port of Rotterdam signs a ‘memorandum of understanding’ (MoU) with the State Government of Ceará with the purpose to jointly study a potential cooperation. This may lead to the joint venture Industrial Port Complex of Pecém.
MacGregor, Rolls-Royce to Study Containership Autonomy A new collaborative research and development initiative will explore the impact of developments in autonomy for cargo ship navigation and cargo systems onboard containerships.
Rolls-Royce and the Technology Center for Offshore and Marine, Singapore (TCOMS) have signed a Memorandum of Understanding to form a strategic partnership to develop smart ship technologies. The partners will work on world leading research to develop fundamental technologies
LOUIS DREYFUS ARMATEURS Group (LDA) has signed a Memorandum of Understanding (MOU) with palm oil plantation company Golden Agri-Resources (GAR) to develop maritime logistics business opportunities in Indonesia. The MOU signed between GAR and LDA focuses on developing logistics in