Contracts News


Double Record set by Antwerp Port

Dec 18, 2015

The port of Antwerp is on course to handle more than 200 million tonnes of freight this year for the first time ever. And in container transhipment too a new record has been set, with more than 9 million TEU (twenty-foot equivalent units…

MSC Plans $200mln 'Island Marine Reserve' in Bahamas

Dec 18, 2015

MSC Cruises, the Geneva-based global cruise line, has unveiled ambitious plans to create an unprecedented exclusive marine reserve island experience in the Bahamas. As one of the most ecologically conscious cruise lines in the world, the…

Piraeus Port Privatization Bid Soon

Dec 18, 2015

As the pushed back the date - the Dec. 21 deadline - for the submission of binding bids for the sale of its biggest port Piraeus (OLP) approaches, the pace is picking up with binding bids, reports WSJ. Three of the world’s biggest port operators expected to submit their binding bids next week…

Veiseth appointed CFO of EMG

Dec 17, 2015

Electromagnetic Geoservices ASA (EMGS) has appointed Hege A. Veiseth (38) as acting CFO of the company effective from 1 January 2016, following the resignation of Svein Knudsen. Hege has worked for EMGS since 2007 and is currently the Group Finance Manager of the company…

Maersk Joins WTO’s Global Alliance for Trade Facilitation

Dec 17, 2015

The new alliance was announced at the 10th WTO Ministerial Conference in Nairobi, Kenya and consists of governments, international companies such as Maersk Group, DHL and Wal-Mart, and the International Chamber of Commerce and the World Economic Forum…

Highest Funding for Corps, Navigation Programs

Dec 17, 2015

WCI today applauded the work of negotiators to reach a final agreement last night for an FY 2016 Omnibus Appropriations bill that funds the Corps of Engineers’ Civil Works program under the Energy & Water Development Appropriations bill.…

Great Lakes Towing, Shipyard Announces Hiring Push

Dec 17, 2015

The Great Lakes Towing Company & Great Lakes Shipyard announced it is now hiring with 50 jobs currently available. The shipyard is now seeking candidates to fill a range of positions including naval architects, shipyard welders and pipe fitters…

Marin Teknikk Design for Ultra Deep Offshore’s DSCV Newbuilds

Dec 16, 2015

Marin Teknikk has entered into a contract with Wuchang Shipbuilding Industry Group for delivery of Design & Engineering of two Diving & Construction vessels for Ultra Deep Offshore Ltd. in Singapore. The vessels are a newly developed MT6023 DSCV design…

NOIA Rebuts “Red Herring” Study on Atlantic Development

Dec 16, 2015

NOIA President Randall Luthi issued the following statement regarding a report released today by SELC which attempts to discredit an earlier study by Quest Offshore: “The Quest Study estimates the potential for jobs, economic activity…

GAC celebrates 30 years in India

Dec 16, 2015

GAC India has celebrated 30 years of operation in the country with an event held at the Trident, Bandra Kurla Complex.GAC Shipping (India) Pvt. Ltd. was the first GAC office to open in the Indian Subcontinent. Operations began in 1985…

VLCC Earnings Set for Strong Growth

Dec 16, 2015

MSI’s proprietary tanker market model predicts firm earnings scenario in first half of next year before weight of fleet growth starts to suppress ratesLondon, December 15, 2015. The latest Tanker Freight Forecaster from Maritime Strategies…

Antwerp Port Makes Big Impression in India

Dec 16, 2015

A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority…

Ecoslops to Implement Recycling Unit in the Romanian Port of Constanta

Dec 15, 2015

Ecoslops has signed a Letter of Intent (LOI) with Grup Servicii Petroliere (GSP), a leading offshore drilling and construction company, to conduct a feasibility study for the development of an oil residues processing plant in the Romanian Port of Constanta…

Next Exxon CEO Likely to be Internal Candidate

Dec 15, 2015

Exxon Mobil Corp's appointment of the head of its refining business as its new president makes him the probable successor to Chief Executive Rex Tillerson and was designed to avoid raising eyebrows on Wall Street, analysts said on Monday.The new president…

DP World, Prince Rupert Port Ink Feasibility Study Deal

Dec 15, 2015

DP World and the Prince Rupert Port Authority have announced an agreement to study further expansion of the Fairview Container Terminal in Prince Rupert.  The agreement was signed by DP World Canada Group General Manager, Maksim Mihic, and Prince Rupert Port Authority President & CEO…

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