Contracts News

 

Swan Energy to Invest $845 mln for FSRU Terminal

Nov 25, 2015

Swan Energy Limited will invest around Rs. 5,600 crore ($845 mln) towards setting up of Jafrabad LNG Port project in Gujarat with one jetty-moored Floating, Storage and Regasification Unit (FSRU). The joint venture project by Swan Energy Limited (SEL) and its Belgium partner Exmar Marine N…

Grandweld Delivers Vessel to ADNOC

Nov 24, 2015

United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC). Grandweld took the newbuild project from conception to completion, designing and building…

MANSA, NMIS Ink MOU for Skill Development

Nov 24, 2015

Mumbai and Nhava-Sheva Ship-Agents Association (MANSA) and Narottam Morarjee Institute of shipping (NMIS) signed a Memorandum of Understanding for lauching a facility for training employees as well as aspirants in the shipping trade as a Corporate Social Objective…

RasGas to Waive $1bln Penalty on LNG Deal

Nov 24, 2015

Qatar-based natural gas producer RasGas will not penalise Petronet LNG for lower offtake of the fuel, says a report by PTI. Qatar has agreed to waive $1 billion penalty on India for breaking a long-term LNG contract, and has also consented…

EASTMED Selects Marlink Comms

Nov 23, 2015

Greece-based Eastern Mediterranean Maritime Limited (EASTMED), a shipping operator servicing the energy, industrial and agricultural sectors, has chosen to install Marlink’s global VSAT (Very Small Aperture Terminal) communication solution with L-band back-up on 20 tankers and bulkers…

Cammell Laird Seals the Deal for UK Polar Ship

Nov 23, 2015

The deal has been finalized for marine and engineering services company Cammell Laird to begin work on the U.K.’s new £200 million polar research ship. The Birkenhead shipyard Cammell Laird said it saw off competition from Europe and beyond…

Two SunEdison c-suite Departures Announced

Nov 23, 2015

Troubled U.S. solar company SunEdison Inc said on Monday chief executives of its two yield cos had stepped down and the company's chief financial officer will assume additional roles of chief executive at the units.Chief Financial Officer…

Monadelphous Bags Shell FLNG Contract

Nov 23, 2015

The engineering group Monadelphous has won a $200 million Shell Australia contract on its Prelude floating LNG project off the Kimberley coast.  The contract is for major, long-term maintenance and modifications services for the Prelude…

Warm Water Mixing up Life in Arctic

Nov 21, 2015

AWI researchers’ unique 15-year observation series reveals how sensitive marine ecosystems in polar regions are to changeThe warming of arctic waters in the wake of climate change is likely to produce radical changes in the marine habitats of the High North…

MAN Diesel & Turbo Acquires Cryo’s Marine Fuel & Bunkering Business

Nov 19, 2015

MAN move signals strong shift into Marine LNG Biz MAN Diesel & Turbo Sverige AB, a wholly owned subsidiary of MAN Diesel & Turbo SE (part of MAN and Volkswagen Group), acquires the marine fuel gas supply system (FGSS) business from the Sweden based Cryo AB…

Høyesen to Head MacGregor's Offshore Solution Division

Nov 19, 2015

MacGregor, part of Cargotec, creates a new division 'Advanced Offshore Solutions' by merging its two Norway-based divisions and combining the strengths in offshore mooring, loading and load handling businesses. With the new joint division…

Long Beach Trade Luncheon Celebrates Women

Nov 19, 2015

A heavy equipment operator, port construction manager, shoe company executive and maritime university student encouraged Long Beach young women to explore careers in shipping industry at this week’s fifth annual Celebrating Women in Trade luncheon…

GAC’s Manager is CILT’s Young Manager of The Year

Nov 19, 2015

The Chartered Institute of Logistics & Transport (CILT) has named GAC Sri Lanka Managing Director, Mahesh Kurukulasuriya its Young Manager of the Year. He was presented with the award by the institute’s Patron, HRH The Princess Royal at a ceremony…

Klaipedos Nafta and Port of Helsingborg Sign LNG Deal

Nov 18, 2015

Lithuania’s Klaipedos Nafta has signed a deal with the port of Helsingborg to cooperate on the HEKLA – Helsingborg & Klaipeda LNG infrastructure facility deployment project (HEKLA). Klaipedos Nafta has also signed a Memorandum of Understanding…

IRS Software for Common Structural Rule

Nov 18, 2015

IRClass has announced the release of new technical software, IR-CSR, for verification and compliance of oil tankers and bulk carriers against recently mandated Common Structural Rules (CSR) by the International Association of Classification Societies (IACS)…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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