Contracts News

 

EMGS Wins 3D EM Contract with BG Group

Dec 09, 2014

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has been awarded a contract from BG Group worth approximately USD 27 million for 3D EM data acquisition in Uruguay. 'We are delighted to start working for BG in Uruguay on this survey…

China Eximbank Loans $875m for Container Terminal

Dec 08, 2014

China Eximbank has loaned Ivory Coast $875 million (approx.) for the construction of a second container terminal at Abidjan port, noted the port's  General Director.Ivory Coast plans to increase capacity at the port in its economic capital Abidjan…

Errors Result in Claims Against Ship Agents

Dec 08, 2014

Careless errors by ship agents are resulting in costly claims, according to ITIC.In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt…

Arctic Pipeline being Built from Messoyakhinskoe

Dec 08, 2014

Messoyakhneftegaz has began building a pressurized pipeline from the Messoyakhinskoe group of deposits, located to the north of Yamalo-Nenets Autonomous Region, to the main Arctic Circle-Purpe pipeline system.The oil pipeline with a maximum…

ASL Marine Announces Shipbuilding Contracts Cancellation

Dec 08, 2014

The Board of Directors of ASL Marine Holdings Ltd informed that its wholly-owned subsidiaries have reached a mutual agreement with customer on the rescission of shipbuilding contracts for two offshore support vessels.One of the vessels will…

Demobilization of ‘MTR‐2’ Tender Rig in Indonesia

Dec 08, 2014

Mainboard‐listed Mermaid Maritime Public Company Limited a leading provider of subsea and drilling services for the offshore oil and gas industry, would like to announce that it has received early termination of contract from its international…

German CO2 Cuts Dampen Carbon Permit Demand

Dec 07, 2014

Germany's new, lower targets for CO2 emissions will further curb demand for carbon permits and undermine Europe's already dysfunctional emission trading system, the EU's new energy commissioner told a German newspaper.'The agreed additional…

Russia's Gazprom receives prepayment from Ukraine for gas supplies

Dec 07, 2014

Russian natural gas producer Gazprom said on Saturday it had received a prepayment of $378.22 million from Ukraine for natural gas supplies, paving the way for the first shipments to Kiev since Moscow cut supplies in June.Ukraine's state energy firm…

Cummins QSK60s for 84-Meter Work Boat

Dec 07, 2014

Shin Yang Shipyard of Miri, Sarawak, Malaysia has delivered the sister ships MV Anis and MV Alya. Designed by Wartsila Ship Design Singapore, the 83.8-meter (275-foot) maintenance and work boats have massive capacities.Accommodation is provided for up to 199 people…

Concern Over Wages Despite Positive MLC Enforcement

Dec 07, 2014

Specialist marine insurance intermediary Seacurus says that overall confidence in the successful implementation of the Maritime Labour Convention 2006 (MLC) should not conceal the fact that there is continuing concern over the risk of abandonment and the timely payment of crew wages…

Shell to Put Teekay’s LNG Newbuilds into service

Dec 05, 2014

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…

Gazprom to Upgrade Gas Supplies to Kyrgyzstan

Dec 04, 2014

The development of gas transmission and distribution infrastructure of Kyrgyzstan was discussed during a meeting held at the Gazprom headquarters hosted today between Alexey Miller, Chairman of the Company's Management Committee and Djoomart Otorbaev…

Norwegian Cruise Line Inks Deal with New Orleans Port

Dec 03, 2014

Officials with Norwegian Cruise Line and the Board of Commissioners of the Port of New Orleans signed a new four-year berthing agreement today with three one-year options. The agreement will keep at least one Norwegian cruise ship sailing…

Caterpillar to Power 4 Maersk Subsea Vessels

Dec 03, 2014

Caterpillar Marine is pleased to announce MaK™ diesel electric propulsion (DEP) solutions have been selected to power four Maersk Supply Services (MSS) newbuilds to be constructed by COSCO (Dalian) Shipyards. Each vessel will be equipped with 4x MaK M 32 E generator sets with a power output of 4…

Gabon's oil sector workers start general strike

Dec 02, 2014

Oil workers in Gabon began an open-ended, industry-wide strike on Monday night after talks with the government collapsed, union ONEP said, and long queues formed at gas stations on Tuesday on fear of shortages.The trade union had been in…

Logistics News

Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict

Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict

Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz

Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

War Insurance Costs to Israel Soar

War Insurance Costs to Israel Soar

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