The Federal Mediation and Conciliation Service (US) calls meeting & parties in conflict over East Coast ports new contract agree to attend.Statement by FMCS Director George H. Cohen on East Coast Ports Labor Negotiations:“FMCS Director…
Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs.The contract was for Archer Drilling to act as project manager of modifications and repairs to the Endeavour…
Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming.Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification capacity and development…
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…
Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell: Rig is expected to be off rate for five days in 1Q 2013. Scooter…
Aker Solutions to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market.On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard…
MAN Diesel & Turbo receives another order for the MAN B&W ME-GI dual-fuel, two-stroke, gas-injection engine.Teekay LNG Partners L.P. (Teekay LNG), an offshoot of Teekay Corporation, the international shipping group, has placed an order for two LNG carriers powered by 2 × 2 5G70ME-GI engines…
An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'.The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako commenced its initial…
Wärtsilä & Yuchai Marine Power Co to establish a 50/50 joint venture for manufacturing medium-speed marine engines in Zhuhai City.The joint venture will serve the increasingly dominant Chinese shipbuilding industry, with the focus being on the assembly and testing of Wärtsilä 20…
Iberdrola chooses Areva Wind as preferred supplier for its Wikinger Offshore Wind Farm in German waters.Under the terms of the agreement, with construction scheduled for 2016 and 2017, Areva Wind will support Iberdrola on foundation and tower design optimization…
The ever changing face of ship classification has received perhaps its biggest makeover yet, with the announcement this morning (December 20, 2012) that Norway’s Det Norke Veritas (DNV) and Germany’s Germanischer Lloyd (GL) have signed a deal to merge…
Extended Adveto Compact Vessel Traffic System (CVTS) for Ghana Port Authority to be provided through True Heading of Stockholm.The new CVTS licenses for the ports of Tema and Takoradi represents an extension of the first AIS-order in 2011…
The fullest ever study of UK shipping, ports & maritime business shows remarkable resilience in the face of continuing economic challenges.The UK shipping industry has created 7,300 UK jobs in the past two years, and 537,500 UK jobs are now supported by the shipping…
Thailand's Board of Investment (BOI) says the joint deep sea port will also surge new business & foreign investment into Thailand.BOI believe that the Dawei Deep Sea Port and Industrial Estate in Myanmar (Burma) will become an important drive for economic growth in this region…
Alfa Laval wins groundbreaking marine environmental order from MAN Diesel & Turbo for its PureNox Water Treatment System.The Alfa Laval PureNOx Water treatment system (WTS) is developed together with MAN Diesel & Turbo to be integrated in…