The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and…
Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production…
Leading classification society ClassNK announced that it has completed work on the 165,178GT VLCC Al Kout, built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the Kuwait Oil Tanker Company S…
After having established Combi Lift as one of the leading companies within ocean transportation of heavy lift and project cargoes the owners, J. Poulsen Shipping (JPS) and Harren & Partner (H&P) have agreed that in order to be stronger and adapt to the market it is time for a new strategy…
IMarEST has announced its acquisition of Plymouth University’s Hydrographic Academy (HA).Launching on November 1, the new venture – Marine Learning Alliance Ltd. – will see IMarEST experts and HA academics develop a new suite of e-learning…
Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) to Mitsubishi Heavy Industries Asia Pacific Pte…
During the 24th edition of Euronaval, the most prestigious event in the world for naval defense, Fincantieri, one of the major shipbuilding groups worldwide, and Vittoria Shipyard, located in Adria (Rovigo), specialized in naval vessels, and cargo ships up to 100 meters in length…
CEVA Logistics, a leading global supply chain management company, announced a contract renewal and expanded business with L'Oréal in Indonesia, the world's leading beauty brand.CEVA's partnership with L'Oréal started more than 3 years…
Costa Diadema the fifteenth ship and new flagship of Costa Cruises fleet, was presented today by Costa Cruises and Fincantieri. Costa Cruises has invested a total of around 550 million euro in the construction of the Costa Diadema at Fincantieri shipyard in Marghera…
Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.The facility is comprised of a $192m term loan facility and a revolving credit facility of up to $148m…
DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.The ‘APL Phoenix’ was welcomed by DP World Chairman…
Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”) on terms consistent with the merger implementation agreement entered into on March 12…
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor…
Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised another additional 90’x32’x10’ “Canal Class” Inland Towboat to the six (6) vessel program currently under contract…
Energy sector service group Glacier Energy Services confirmed the appointment of Jim McAleese as managing director of its newly-formed heat transfer division.McAleese, 51, will lead Glacier's heat transfer repair and refurbishment services business…
