Contracts News


Warning: Fraudsters Invoice Ships for Needless Clean-ups

Jul 29, 2014

Diversified marine insurer Skuld informs that fraudsters have sought to obtain payment for alleged services provided for alleged pollution matters and clean-up work. Furthermore, it is understood that the Port of Fujairah has warned (Port of Fujairah website and its Notice No…

Hamburg Süd to Acquire CCNI Liner Service

Jul 25, 2014

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany, announce that they have signed a preliminary…

Eastern to Build Offshore Vessel for Harvey Gulf

Jul 22, 2014

Eastern Shipbuilding announced that on, Wednesday July 16, 2014, Harvey Gulf International Marine, Inc. (HGIM) and Eastern Shipbuilding Group, Inc. (ESG) entered into a contract to construct a new Robert Allan, LTD. (RAL) RAmpage 6400 Multipurpose…

Claxton Appoints Jolley as New VP

Jul 22, 2014

Claxton Engineering Services, an Acteon company, has appointed Martin Jolley as vice president sales and commercial to spearhead its global sales and commercial strategy.  Providing leadership and vision to direct the company’s sales, marketing…

Panama Canal Cost Dispute Headed to Miami Court

Jul 14, 2014

A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday.The $180 million claim by the consortium working on the massive canal…

Precisely Why China Pulled the Plug on P3

Jul 02, 2014

The proposed container ship P3 alliance between the 255-ship fleets of Maersk, Mediterranean Shipping Company S.A. and CMA CGM was turned down by China's Anti-monopoly Bureau at the Ministry of Commerce, because the P3 alliance intended to set…

Omega Completion Technology Strengthens Team in Norway

Jul 01, 2014

Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has appointed a business development manager in Norway in response to an increase in Scandinavian contracts and projects.Joachim…

Crude Falls Below $114 as Iraq Supply Fears Ease

Jun 23, 2014

Sunni insurgents capture three towns in Iraq's Anbar Iraq's oil exports near record rates in June U.S. Secretary of State John Kerry lands in Baghdad Brent crude dipped below $114 a barrel on Monday as worries about disruptions…

France Picks: GE is the One for Alstom

Jun 20, 2014

France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company…

ADELTE to Build Boarding Bridge in Leixões

Jun 20, 2014

ADELTE, formerly known as TEAM, will install a boarding bridge at the new cruise terminal in Leixões. The port of Leixões, neighbor to the city of Porto, wants to boost its cruise passenger activity. Currently, the port is  building some spectacular infrastructures including: a new terminal…

Yangzijiang to Build Huge Ore Carriers for Australia

Jun 18, 2014

Chinese shipbuilder on the SGX Main Board Yangzijiang Shipbuilding Holdings Limited announced that it has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC).The shipbuilding contract was secured from an Australia…

ICOMIA Revises Standard Framework Contract

Jun 16, 2014

The International Council of Marine Industry Associations’ (ICOMIA) Superyacht Refit Group, which represents quality refit, repair and maintenance yards, has launched the latest revision of its Standard Framework Contract. Developed by the Refit…

Intelsat and SpeedCast Join Forces

Jun 12, 2014

New Agreement Brings Market Leading Broadband and Mobility Solutions to the Maritime, Oil & Gas and Enterprise Sectors. Intelsat S.A. (NYSE: I) has established strategic agreement to provide access to its global C- and Ku-band broadband mobility network to SpeedCast…

VLCC Charterers Favored in STS Transfer Judgement

Jun 12, 2014

Specialist shipping law firm Clyde & Co says that a Court of Appeal decision whether owners had acted unreasonably in withholding their consent for the use of two nominated VLCCs in a Ship to Ship (STS) transfer of crude oil from another VLCC…

Morgan Stanley Crude Oil Head Trader Resigns

Jun 10, 2014

Morgan Stanley's head of crude oil trading in New York, Tom O'Connor, resigned last week, a person familiar with the matter said.O'Connor was a managing director who ran the New York crude oil trading desk. He joined Morgan Stanley in 2000 as an associate…

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