Gazprom and UniCredit Bank signed a bilateral credit agreement worth a total of EUR 390 million in Vienna yesterday.The agreement is of great historical significance both for promoting the mutually beneficial relations between the two…
Littoral combat ship (LCS) USS Fort Worth (LCS 3) arrived in the U.S. 7th Fleet area of operations Dec. 4, marking a key initial milestone in its 16-month rotational deployment in support of the Indo-Asia-Pacific rebalance.Building on USS…
The completion of the two new vessels, M/V Berlin and M/V Copenhagen, at the Danish shipyard FAYARD is progressing according to plan. It is expected that the two new passenger ferries can be put into operation on the Rostock-Gedser route in the second half of 2015…
Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months…
Kalmar, part of Cargotec, will deliver two Gloria reachstackers to the Hams Hall Rail Terminal in Birmingham, operated by Associated British Ports (ABP). The order was signed in August 2014 with delivery in December 2014. The deal will enable…
Accessing the latest research findings or information on new technologies and incoming regulations as they emerge can prove challenging. To help make access easier, leading classification society ClassNK (Chairman and President: Noboru Ueda)…
SAL Heavy Lift GmbH, the leading Heavy Lift operator, has successfully completed a series of complex and sensitive shipments totalling more than 100,000frtts for the Ichthys LNG Project near Darwin, NT.SAL Heavy Lift was contracted by the Project’s freight forwarder SDV…
Subsidiaries of Teekay LNG Partners L.P. and a wholly owned company of Royal Dutch Shell plc today announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global…
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe informed about Egdon Resources' timing of operations to test potential hydrocarbon…
State commission on reserves confirmed the fact of discovery of the new arctic oil and gas field Pobeda on the Kara sea shelf. The field was discovered as the result of the drilling of the northernmost well in the world – the Universitetskaya-1 well…
In the previous stock exchange notices where Norwegian Energy Company ASA has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where…
Petroleo Brasileiro SA began operating the furnaces in the atmospheric distillation unit at its Abreu e Lima or 'RNEST' refinery near Recife, said the state-run oil company in a statement on Thursday.The furnaces began operation Wednesday…
The sharp decline in oil prices should not prevent Canada's Conservative government from balancing its next fiscal year budget according to Prime Minister Stephen Harper.He noted that the federal government does not get direct royalties from oil companies…
No longer an abstract ‘pie-in-the-sky’ technology, wind assist propulsion could well be a game-changer in the ‘Carbon Wars.’ Wind assist technologies have come of age for shipping companies. A panel discussion entitled “Accelerating Adoption of Double Digit Fuel Saving Technologies…
If shipyards are the bellwether of maritime market trends, then U.S. yards should today be considered the industry’s market leaders, as well. Notwithstanding the recent (and dramatic) drop in global crude oil prices, the ongoing, so-called ‘domestic…