Contracts News


Port of LA Renews Terminal Lease SSA Pacific

Jun 19, 2017

The Port of Los Angeles informs it has approved a five-year lease extension for SSA Pacific, Inc. to continue operating the marine terminal that is the West Coast’s home to imported Chilean fruit.  For more than 25 years, Chilean growers…

Qatargas to Supply LNG to Shell

Jun 18, 2017

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…

Pacific Radiance Gets USD 45.3mln in Vessel Deals

Jun 15, 2017

Singapore's Offshore support vessel (OSV)-focused Pacific Radiance said that it has won US$45.3 million of new contracts including options, which will add to its operating cash flow. Under these contracts, ten of the Group’s offshore support vessels…

Seanergy Time Charter Contract for Partnership

Jun 14, 2017

Greece-based Seanergy Maritime Holdings announced that it has entered into a time charter contract with a major European utility and energy company for its recently delivered Capesize vessel.  The 2012-built M/V Partnership will commence…

Qatar Petroleum, Shell Sign LNG Bunkering Agreement

Jun 13, 2017

Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities on Tuesday, Qatar Petroleum said. 'We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source,' Qatar Petroleum CEO Saad Sherida Al-Kaabi was quoted as saying…

Optimarin, Goltens Ink Spare Parts and Service Deal

Jun 13, 2017

Optimarin informs it has signed an agreement with Goltens Green Technologies giving the Norwegian-headquartered ballast water treatment (BWT) specialist a global network of spare parts warehousing and service engineers. The framework agreement…

Hunter Maritime Terminates Tender Offer for Bulkers

Jun 12, 2017

Marshall Islands based Hunter Maritime Acquisition revealed it has “mutually agreed” with Germany’s Oskar Wehr to terminate the master agreement and the memoranda of agreement (MOA) related to the acquisition of five Capesize dry bulk carriers…

Ecoslops, Total Plan Micro-refinery in La Mède

Jun 12, 2017

Ecoslops, a company that upgrades ship-generated hydrocarbon residues, or “slops”, into valuable new fuels and light bitumen, said is has signed an agreement with TOTAL Group to set up a maritime transport induced oil residue waste-processing unit at La Mède…

Design Contract Awarded for SC Container Terminal

Jun 09, 2017

AECOM said it has been chosen by the South Carolina Ports Authority (SCPA) to provide detailed design services for the new Hugh K. Leatherman, Sr. Container Terminal at the Port of Charleston.  “Extending AECOM’s dedication to delivering…

Polaris Orders 3 Iron Ore Carriers at Hyundai

Jun 07, 2017

South Korean shipping firm Polaris Shipping Co has placed an order with Hyundai Heavy Industries (HHI) to build three very large iron ore carriers, Yonhap reported. Polaris said the 325,000-ton iron ore carriers will replace some of its aged ships…

Diana Addendum to Time Charter with Rio Tinto

Jun 07, 2017

Diana Shipping, through a separate wholly-owned subsidiary, has agreed to extend and increase the time charter rate of the present time charter contract with Singapore-based Rio Tinto Shipping (Asia) for one of its Capesize dry bulk vessels…

Antwerp Mulls China Collaboration

Jun 07, 2017

Antwerp Port Authority signed a collaboration agreement with the port of Caofeidian in China.  The collaboration forms part of the “One Belt One Road” project in which China seeks to connect its main ports and industrial cities more closely…

Qatari Export Costs to Rise as Port Ban Disrupts Trading

Jun 06, 2017

Region's largest bunkering hub shuns Qatari vessels; affected shippers may face delays, higher costs. The costs of Qatari energy and commodity exports are likely to rise as the United Arab Emirates' ban on Qatari vessels cuts the ships off from the region's main refuelling port…

RINA Consulting to Advise on New Kuwaiti Ports

Jun 05, 2017

RINA Consulting, a consulting engineering arm of the RINA Group, has won a consultancy contract to determine the general strategy for the development of three existing and one new port in Kuwait. The contract, valued at €1,450,000, ($1,631…

Damen Consolidates Australian Partnership

Jun 02, 2017

Damen Shipyards Group recently visited Adelaide to further consolidate their partnership with ASC Shipbuilding and Forgacs Marine and Defence (Forgacs) (ASC Forgacs Shipbuilding) to build twelve Offshore Patrol Vessels (OPV) for the Australian…

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