Contracts News


Top Deck Rejig at Yara

Feb 08, 2016

Yara International ASA announces organizational and management changes, to improve strategic focus and execution.'After spending recent months visiting numerous Yara sites, meeting employees and conducting business and organizational reviews…

Total Signs Deal to Supply LNG to China's ENN

Feb 08, 2016

Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website. The deal is for 0.5 million metric tons of LNG per year for a period of 10 years and will be delivered from the company's facilities…

Globus Maritime Reclassifies Board Member

Feb 06, 2016

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28, 2015, the Company’s Board of Directors  was comprised of two Class II directors…

DNV GL, RS Ink Cooperation Deal

Feb 04, 2016

DNV GL’s Maritime CEO Knut Ørbeck-Nilssen recently met with Konstantin Palnikov, Director General of the Russian Maritime Register of Shipping (RS), at the RS head office in St. Petersburg to sign a bilateral framework agreement for cooperation between both class societies During the talks…

Balasus-Lange to Head DEA Deutsche Erdoel Division

Feb 04, 2016

Effective as of 1 February, Uwe Balasus-Lange (49) took over the function as Head of the newly created division Germany/Denmark of DEA Deutsche Erdoel AG. He was previously engaged as Head of Field Development at the Hamburg-based company.In…

June Deadline for Panama Canal Expansion

Feb 04, 2016

The Panama Canal expansion project is now expected to be finished “mid of 2016” says a report in Reuters quoting the waterway's administrator.  'The new set of larger locks for the Panama Canal will be complete by the end of June, after…

BP Pulls Plug on Oceaneering Vessel Contract

Feb 03, 2016

UK giant BP will end a contract off Angola with Oceaneering International about eight months early. Oceaneering International has announced that BP has exercised its right to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May 2016…

Cosco Bags Contract for Trailing Suction Hopper Dredger

Feb 03, 2016

COSCO (Guangdong) Shipyard Co., Ltd, has secured a  contract from a European buyer to build one 15, 000m 3 Trailing Suction Hopper Dredger.  The Singapore-listed shipbuilder COSCO Guangdong and the buyer have agreed  to keep the contract price  confidential…

New Passenger Boarding Bridges for Port Canaveral

Feb 02, 2016

ADELTE, a provider of Seaport Passenger Boarding Bridges (SPBBs) and Global Services to cruise and ferry terminals, has been awarded two contracts by the Canaveral Port Authority to design, manufacture and install four custom-made HYDRA models SPBBs at Cruise Terminals 5 and 10…

LR Bags LAUGFS' Contract in Sri Lanka

Feb 02, 2016

Lloyd’s Register (LR), world’s leading engineering, technical and business services organization announced today that it has been appointed by LAUGFS Gas PLC (LAUGFS) to handle key safety and quality checks of the LPG terminal at Hambantota Port…

ABS, COSCO Partner on Arctic Shipping Development

Feb 02, 2016

Parties bring together technical capabilities on trans-Arctic shippingFacing changing climate conditions in the Arctic which have effectively generated new opportunities shipping in the region, classification society ABS and commercial shipper…

Former Petrobras Exec Sentenced over Vantage Drilling Contract

Feb 01, 2016

A Brazilian judge sentenced the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering on Monday, part of the country's largest-ever graft investigation. Federal…

Shipping Lawyer, Lovell Joins Reed Smith

Feb 01, 2016

Global law firm Reed Smith has announced the arrival of market-leading admiralty and casualty response lawyer, Richard Lovell, as a partner in the firm’s Singapore office. Richard joins Reed Smith from Ince & Co, where he was head of shipping and managing partner of the firm’s Singapore office…

SwissMarine Hires Diana's Capesize Bulker

Jan 30, 2016

Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties…

Slashed Charter Rate for Diana's m/v Houston

Jan 29, 2016

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva…

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